Roth IRAs were established in 1997 thanks to the Taxpayer Relief Act. These accounts offer attractive benefits to investors who use them in that they offer the benefit of post-tax contributions, allowing earnings to accrue on a tax-free basis. Investors can choose to self-direct these accounts, giving them access to a very large pool of alternative investments that offer diversity and wealth-building potential for retirement.
Self-directed IRAs are popular tools investors use to control their own investment funds and decisions. "Roth IRAs are plan types that can be self-directed and common assets permissible within these accounts include real estate, private notes and mortgages, precious metals, stocks, bonds, foreign exchange trading and much more," says
In addition to the benefits, these accounts have strict eligibility and distribution rules that apply which one must be aware of when considering this type of investment plan.
Only those within a certain income level are eligible to enjoy the benefits of having a Roth IRA, depending on modified adjusted gross income (MAGI). For example, for the year 2014 investors can contribute to a Roth IRA if they have taxable income and their modified adjusted gross income is less than:
Married individuals filing jointly:
Single or head of household:
Married, filing separate returns:
Individuals of all ages who have an income can own a Roth IRA.
Anyone with earned income that does not exceed the income limits listed above is eligible to contribute.
As of 2010, the income limit for conversions is eliminated. So, if an individual wanted to convert a traditional IRA to a Roth account that can be accomplished regardless of that person's income. Self-directed plan administrator Advanta IRA Services is offering this event at no cost to educate investors on the benefits and risks of self-directed Roth IRAs. The following topics will be covered during the event:
Eligibility and income limits
Contribution limits and conversion process
Distribution rules and process
Alternative investments permissible in these accounts
Investors of all levels are encouraged to attend.
Event: Lunch & Learn - The Power of Self-Directed Roth IRAs
Location: Advanta IRA Services,
Cost: No charge; lunch is provided
About Advanta IRA
Advanta IRA Services, located in
Read the full story at http://www.prweb.com/releases/2014/08/prweb12114002.htm
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