Troy, MI (PressExposure) October 14, 2009 -- Self-Directed IRAs have been around for many years; yet most real estate investors are not aware of this option. A self-directed IRA allows investors to diversify their portfolio with investments you understand and trust.
Retirement planning expert, Michael McGee, recently spoke at a meeting for small business owners in Southfield. âReal estate has a history of being a very good investment; many people are more comfortable with something tangible that produces income and has the potential to appreciate in value,â said McGee.
âA real estate IRA is a self-directed IRA that invests in real estate,â explained McGee. âIt is a qualified retirement plan that allows investors to invest in assets other than traditional stocks, bonds or CDs. Types of retirement plans that are eligible to become self-directed include Traditional IRAs, Roth IRAs, SIMPLE IRAs, SEP IRAs and some 401K plans.â
Michael advised the group to work with a professional, attorney, CPA or financial advisor if they are considering a real estate IRA. âSelf Directed or Real Estate IRAs open the door to a world of investment opportunities. As the owner of the IRA, you need to be aware of the limitations set by the IRS. The IRS closely scrutinizes real estate IRAs to be sure all rules and guidelines are being followed.â Read Michaelâs complete article at http://retirementplanningoaklandcounty.blogspot.com/2009/10/real-estate-ira-for-retirement-planning.html
Michael has over 30 years experience in the financial industry as an investment advisor and financial advisor. He has also taught college courses in business mathematics, human resources management, strategic management, marketing and conflict resolution.
Michael McGee provides help with financial planning, self-directed IRA, real estate IRA, traditional IRA, Roth IRA, SIMPLE IRA, SEP IRA, 401-K plans, college funding, 529 college savings plan, tax shelter, investment savings, family savings and financial security for consumers and business owners in Oakland County, Pontiac, Waterford, West Bloomfield, Farmington Hills, Southfield, Royal Oak, Rochester, Troy, Novi and neighboring cities and communities. Learn more at http://wealthbuildingdetroit.blogspot.com/
Contact: Michael S. McGee, MBA Financial Advisor 888 West Big Beaver Suite 850 Troy, MI 48084 248-720-0300 Email: firstname.lastname@example.org This press release was submitted by Right Now Marketing Group, LLC