The IRA Real Estate plan enabled Mr. & Mrs. Smith to purchase their eventual retirement home immediately, prior to selling their existing primary residence. By structuring Mr. Smith’s IRA to support the purchase of the home in Panama the Smiths are able to use their home in Panama for vacations thereby benefiting from both homes until they are ready to relocate full time without effecting their current income stream. When they are ready to retire and transfer residency to Panama, the tax free portion of proceeds from their primary residence will not only replace, but exceed by far the value of the IRA used to purchase their retirement home.
With over thirty years of experience in the financial services world (Life insurance Professional, Series 7 Advisor, taught classes on Investment Strategies at College of Southern Idaho for ten years), Lasaii Benefits can, at the very least, offer our thoughts, advice and some options on how to best maximize your investment dollars moving forward-with no strings or solicitation. Schedule a free consultation today!