New Program to Use IRA/401k Monies to Purchase Real Estate
Sum Total Financial Management has developed an offering for second home buyers. It is possible to use the money already accumulated in an IRA account to pay for the financing of a second home for immediate enjoyment.
(PRWEB) October 17, 2006 -- Sum Total Financial Management is announcing a program that allows for property ownership “outside” of an IRA while using funds from an IRA to pay for it. This program complies with all legislative and IRA/Tax laws. Unbeknownst to many, it is possible to own a home using monies from an IRA to pay for it while avoiding early withdrawal penalties.
When property is purchased “inside” the IRA it cannot be enjoyed or occupied by the investor. Second home buyers want to enjoy their investment, even if it is only on a part time basis. With Sum Total Financial Management’s new program, the investor can occupy the home, rent the home or use it for both, a vacation home and a money making rental property. An IRA can pay for, or assist in purchasing property. Not all IRA/real estate programs can offer the owner the ability to occupy to the property.
Terry Treudt, of Sum Total Financial Management, has been helping investors nationwide use retirement funds to legally and safely buy real estate, even before retirement. Sum Total Financial has done the research and can help navigate the legislative requirements and the IRA tax laws that can encumber many investors.
For additional information on this new program, contact Terry Treudt with Sum Total Financial Management, Inc. or visit http://usirarealestate.com.
About Sum Total Financial Management, Inc.:
Sum Total Financial Management, Inc. has been serving people across the country since 1990. Headquartered in the Chicago Metropolitan area, our client base is a broad one including large and small business enterprises as well as individuals interested in their financial well being.
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