retirement investments: DEFER TAXES WITH "REVERSE" 1031/STARKER EXCHANGES ON BLACK HILLS INVESMENT PROPERTY - 10/30/09 05:15 AM
 
The 1031/Starker Exchange is one way to avoid or defer capital gains on property. But the IRS also recognizes the "Reverse-1031." We believe the Reverse-1031 can become more attractive in this real estate market, particularly if you suspect the valuation outlook for your next property is rosier than your current property.The more familiar ("regular") Delayed-1031 exchange involves selling your current investment now, then replacing it within 180 days with like-kind property(s). If all the criteria are met the IRS recognizes this sale as a non-taxable capital gain (for now). The IRS Publication 544 gives more details. The Internal Revenue Code … (1 comments)

retirement investments: TAX-FREE TRANSFER OF YOUR IRA FROM STOCKS TO INVESTMENTS IN BLACK HILLS REAL ESTATE - 10/28/09 06:29 AM

Most people assume that an IRA is synonymous with stocks and mutual funds. Not true. When Congress set up the IRA tax deferral concept, they deliberately left it wide open for us to invest our IRA's in many kinds of assets other than stocks. But most stock brokers sure don't tell you about this.In fact, when Congress established the IRA tax-avoidance/deferral program, Internal Revenue Code 4975, they said we could invest in any type of asset, except for five very specific things:
Collectibles such as art, antiques, jewelry Life insurance Coins "Party-in-interest" transactions Most … (0 comments)

retirement investments: REVERSE MORTGAGES AND FUZZY RATTLESNAKES IN THE BLACK HILLS - 10/28/09 06:27 AM

How can you draw value from your home to pay critical expenses without selling? The rising press coverage and skyrocketing use of government-led reverse mortgages might seem at first to offer a solution for you or your parents. Yes, but a furry rattlesnake could feel cuddly at first, too. A reverse mortgage can bail you out of a genuinely unpredictable jam. But it can also bite you back. Painfully.The U.S. Department of Housing and Urban Development offers a reverse mortgage program that is insured by the U.S. Federal Housing Administration. But others have characterized the reverse mortgage as the seniors' … (0 comments)

retirement investments: SIX THINGS THAT UNIQUELY AFFECT REAL ESTATE FOR AGE 55-PLUS - 09/24/09 10:11 PM
I'll wager a bet with you. If you're over 55 you are less informed now about how the rules of real estate affect you, than for your first home. Why? Beginning around our fifties, our financial and health profiles are different. And we're treated differently by the IRS, medical services, lenders, insurors, and even the real estate market itself.This is not necessarily negative, because we do enjoy unique opportunities, as well. The 1965 Older Americans Act spells out certain benefits for we Baby Boomer-aged persons. But we're not talking about violations of the Fair Housing Act, which disallows discrimination on the … (1 comments)

retirement investments: INVESTMENT FOR RETIREMENT: PLAN YOUR EXIT BEFORE YOU ENTER - 09/24/09 10:06 PM
More and more Boomers are investing in real estate for vacations now, retirement later, and eventual resale for a profit. It is not that simple! How you own it, what you do with it, and how you later divest of it can have huge affects on it's value and your net worth.
First, "how you own it:"When Congress set up the IRA retirement investment program, there was no (i.e., zero) preference for investing in any particular type of asset. It is just as mainstream to invest your IRA in real estate (or gas stations for that matter), as in stocks and … (1 comments)

 
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Lee Alley

Virtual Tours & Glamor Photography for Real Estate

Snohomish, WA

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