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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.
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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.
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Review: Traditional, Roth, SEP, SIMPLE IRAs, HSA’s ESA’s, and Qualified Plans and the differences between the types of plans.
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Review contribution amounts, distribution guidelines, qualifications for a Roth IRA, deduction limits when contributing to a Traditional IRA, and RMDs and Spousal IRAs.
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Describe a transfer, rollover, and conversion and distinguish between them while comparing the benefits and tax ramifications of each.
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Review self-direction and classify permitted investments, prohibited transactions, and disqualified parties. IRC Section 4975.
Anthony Butler (H&R Block)
"Prepared a tax return for a client who used this to invest in real estate this past tax season. Did some research to help me get through. I appreciate your presentation to give me a better understanding."
George Holowko (George Holowko, CPA, CCP)
"Scott, the presenter, provided valuable and readily useful information covering many of the ifs, ands, and buts of creative self directed IRA/SEP/401k investments"
Charles Grigg (Control Innovation, PLLC)
"This was very informative and covered the right level of detail for the time allotted. A lot of great points to generate ideas and opportunities for clients."
Thomas Thompson (Tommy Thompson, MBA,MTA, EA - All American Tax Resolution)
"Scott, "Eliminated Much Diverse Uncertainty on Self-Directed IRAS" + "Opened Many Viable Options", to capitalize on the "Potential for Significant Gains"!!"
Christopher Arotin (Christopher Arotin)
"This course was a great refresher on the rules of IRAs. Plus a great introduction to a company that could assist you with more complex problems."
Nicholas Strnad (Worldpay)
"Scott was extremely knowledgeable about the alternative investment options available within an IRA as well as the potential pitfalls to avoid."
Ron Orlando (Ron Orlando CPA, Inc.)
"Scott did an awesome job of presenting the valuable information in this webinar. My clients will certainly benefit. Thanks Scott!"
Patricia Beebout (Steve Reeb CPA)
"This was probably the best CPE I have had in the last year, very informative and the speaker was we well spoken"
Scott Maurer
Advanta IRA
Director
smaurer@advantaira.com
(727) 581-9853
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.
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