Why do I say a Roth IRA is the best thing since sliced bread? Keep reading…
The late Senator William Roth of the State of Delaware persisted for years in trying to amend the tax code in order to create a way for average Americans to wisely invest hard-earned money so that it could grow tax-free and, under the right circumstances, be spent tax-free. Roth IRAs became available in the mid-1990s.
A Roth IRA is a unique retirement account wherein the account holder can make contributions of after-tax dollars. The money can be invested in almost any manner the account holder sees fit, and the investment grows tax-free. More importantly, once the account holder reaches the age of 59½ and has had a Roth retirement account open for five (5) or more calendar years, the withdrawals from that account are also tax-free.
Diligent investors who consistently earn 12-15% a year on their money and consistently makes contributions to their retirement accounts can grow their accounts in their lifetime (due to the power of compound interest accruing tax-free) to become millionaires.
If you want to know all the ins and outs of Roth IRAs, I highly suggest you locate a copy of IRS Publication 590 at www.irs.gov, and read if you are having trouble falling to sleep. Or you can check out the one of the companies in the links section on this page.
Another beautiful thing about Roth IRAs is that anyone who has earned income, irrespective of their age, can put money into a Roth IRA.
Most of my Private Money Partners utilize a Roth IRA and are making their IRA rich with the above average returns they are getting by funding my real estate acquisitions.
Do you have a Roth IRA? Why not? Why are you wasting this precious opportunity that Congress has given us so the average American citizen can become wealthy in one generation or less? Remember, it’s your money and you need to manage it wisely now.
********************************* If you are reading my blog for the first time, let me inform you that… My company buys single-family houses and I write this blog bi-weekly which is primarily directed to educate 1 group of individuals:
Individuals who are losing their shirt as a result of the “roller coaster” volatility of the stock market and low paying rate of other traditional investments, i.e. people that are looking for an opportunity that’ll provide a secured place to put their money to get it working for them to earn better than average returns.
However, often times, homeowners that need to sell their house, stop by to take a peek because they are curious and wondering how and/or where we get the funding to purchase houses. And if they stick around long enough, they begin to understand why individuals partner with us to provide the funding which empowers us to be able to purchase real estate on a continual basis. Simple, it’s because we teach them a secured way to earn better rates of return than they are currently earning.
Request your FREE Education Kit if you are interested in learning how passively investing in real estate may help place you in a better financial position.
Disclaimer: This site is intended for educational purposes only. I am not an accountant, attorney or licensed financial planner. While the information I’m writing here is based on many years of experience buying houses that doesn’t really constitute professional advice (since everyone’s experiences and situations are different).