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Selfdirectediras advanta

SELF-DIRECTED IRAs: HOW TO USE RETIREMENT FUNDS TO INVEST IN ALTERNATIVE ASSETS

Cost Free   CPE Credits 1.0 hour   Subject Area Specialized Knowledge  Course Level Basic  Instructional Method Group Internet Based  Prerequisites None  Advanced Preparation None  Who should attend? CPA - small firm
CPA - medium firm
CPA - large firm
Other 
Course Description

This course is intended to provide the tax professional with the knowledge and skills necessary to inform his or her clients about the benefits and possibilities that exist with self-directed IRA and 401(k) accounts. There is a widespread misconception that permissible IRA investments are limited to stocks, bonds, mutual funds and CD’s. This is likely the result of the companies that are in the business of selling these investments also serving as the IRA custodian for most investors. Most custodians then choose to limit IRA investment options to the products they sell.

A truly self-directed IRA Administrator does not impose investment restrictions beyond the IRS limitations which allows investors to capitalize on a broad range of investments, including Real Estate, Mortgage Loans, Tax Liens and Private Placements. Tax professionals are often the most trusted advisor for many individuals, and as a result, the tax professional will be asked these questions by their clients on an increasingly frequent basis.

Learning Objectives

  • Review: The meaning of self-direction and why few firms offer true self direction, who decides the allowable investments, and the tax difference between retirement funds and non-retirement funds.

  • Review: Traditional, Roth, SEP, SIMPLE IRAs, HSA’s ESA’s, and Qualified Plans and the differences between the types of plans.

  • Review contribution amounts, distribution guidelines, qualifications for a Roth IRA, deduction limits when contributing to a Traditional IRA, and RMDs and Spousal IRAs.

  • Describe a transfer, rollover, and conversion and distinguish between them while comparing the benefits and tax ramifications of each.

  • Review self-direction and classify permitted investments, prohibited transactions, and disqualified parties. IRC Section 4975.

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Advantaira

Scott Maurer is the Director of Business Development for Advanta IRA. Advanta specializes in administering self-directed IRA and retirement accounts. Scott has worked for Advanta since 2006, and is a frequent speaker and lecturer on the topic of self-directed IRAs and using retirement funds to invest in real estate and other alternative assets. Scott is also an attorney and a member of The Florida Bar, although he does not give legal advice to Advanta clients.

Handout Materials
Presentation Slides
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.

Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Advantaira
Advanta IRA is a self-directed IRA administrator that specializes in performing the record keeping and custodial functions for individuals who use their retirement funds to invest in alternative assets. Advanta IRA is owned by an attorney and Certified Financial Planner and has been specializing in Self-Directed IRA Administration since 2003.  Rather than investing their IRAs into mutual funds or stocks, many of our clients choose to also make real estate, private loans, private placements, precious metals, etc. a part of their retirement portfolio. Most conventional IRA custodians (banks and brokerage firms) are not willing to hold these assets even though IRS regulations allow for it. Advanta does not sell or endorse any investments or products, but simply holds the assets that an individual wants to have within their IRA.