Aurora, IL (PRWEB) September 14, 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.
Sum Total Financial Management has developed a revolutionary offering for a growing group of investors. With the new crop of empty nesters emerging this fall, second home purchases are on the rise. Unbeknownst to many, it is possible to own a home using monies from an IRA to pay for it while avoiding early withdrawal penalties.
Traditionally, one can use an IRA to purchase property. However, when the 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. Contact Sum Total Financial Management to learn more about this new program which allows one to partner with an IRA and finance a real estate purchase outside of a current IRA, while, at the same time allowing one to hold title to the property.
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.