Take Advantage of a Limited-Time Investment Strategy

Let Freedom Growth help you navigate the muddy waters of the ‘perfect retirement savings storm’ brought about by Mother Nature and the IRS:

For individuals with plans to retire self-sufficiently, retire early or perhaps even both, Freedom Growth has uncovered a very unique investment strategy that will be possible this year. There are two provisions in the IRS tax code that, if implemented strategically, will allow investors to drastically improve their retirement outlook. But this strategy needs to be implemented before December 31, 2010.

The Gulf Opportunity Zone Act, or Go Zone, is a provision in the tax code created to encourage private investment into the regions devastated by Hurricanes Katrina, Wilma and Rita. The code allows for a one-time write-off of 50% of the depreciable basis of the property.  For example, if you purchase a property in the Go Zone for $150K and the depreciable portion is $120K, you could receive a $60K tax deduction.  It’s how you use this deduction that is part one of the strategy.
Part two involves the Tax Increase Prevention and Reconciliation Act (TIPRA) that allows an individual to convert a traditional IRA to a Roth IRA regardless of income level. 
This year is an exception for the typical Roth IRA rules due to TIPRA and presents a huge opportunity.  In its simplest form, if a person buys a Go Zone property in the next 12 months, they obtain a cash-flowing investment property and the tax deduction. Then they convert their traditional IRA to a Roth.  The Go Zone tax deduction can then be used to offset the taxes from the Roth conversion.
Stipulations in the tax code require very precise implementation of this strategy and most financial planners, CPAs or real estate agents aren't versed with the nuances of each program.  However, companies like Freedom Growth and their financial partners are.  Freedom Growth is a real estate specialist in this type of investment strategy which allows investors the opportunity to take full advantage of this limited time offering.
If you would like further information this and similar opportunities, please contact Hanover Companies.

Freedom Growth is a self-directed IRA consultant and real estate investment company that helps small business owners and individuals diversify their retirement portfolios with a wide range of real estate investments.

Why own real estate in your IRA?

Self-directed IRAs and the Benefits of Owning Real Estate in Them:

What are the benefits of investing in real estate within your IRA or 401k? A self-directed IRA allows you to use tax-sheltered dollars to purchase real estate with no withdrawal penalties. You can transfer or rollover retirement dollars from a 401k, Roth IRA, SEP, Pension, etc. to a self-directed IRA with no tax implications. Once converted, you can own a range of property including commercial, multi-family, vacation (as investment only), raw land and foreclosure property.
Over the past few years, the stock market has revealed its weaknesses and many individuals have seen their retirement dreams disappear along with their 401(k)s.  Diversification in your retirement portfolio is key to help combat these issues and real estate is a proven wealth builder.  In fact, more millionaires have been made through real estate than any other wealth-building medium in the world!  Owning real estate in your IRA is completely legal, but you’ll need an IRA specialist to help you navigate these waters.  Freedom Growth is an IRA real estate company that helps small business owners and individuals diversify their retirement portfolios with a wide range of self-directed real estate investments.  Contact Hanover Companies today for a free initial consultation.