IRA Makes Vacation Home in Panama Possible

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.

4 Things to Know About Real Estate During COVID-19

Weird time to buy real estate? For sure! Smart time to buy real estate? Early indicators are saying yes. Now that the dust has settled a little bit, we are able to better understand the effects that the coronavirus has had on the real estate industry so far. We’ve listed four things we think you should know if you’re interested in investing in real estate today.