Michael McGee - Financial Advise and Retirement Planning
Detroit, MI -- A self directed IRA allows you the opportunity to invest in assets other than CDs, stocks or mutual funds. There are many possibilities;
Since the recent stock market downturn, people are pulling out and investing in something tangible, like real estate. Michael McGee, a financial advisor in south east Michigan recently spoke at a real estate investors meeting to explain how one can use their IRA to invest in real estate.
“Investors can use their self directed IRA for any type of real estate investment including vacant land, commercial property, single-family rentals or apartment buildings,” said McGee. Read Michael McGee’s complete article at http://financialplanningwaynecounty.blogspot.com/
McGee explained some of the requirements of a self directed IRA investing in real estate, “Those who invest in real estate with a self-directed IRA must follow all IRS rules to avoid disqualifying the account and being assessed very high penalties. You cannot invest in a property you already own or one you plan to live in. All expenses related to the property must be paid from the IRA account; all income produced must be deposited to the IRA account.”
Michael McGee provides help with financial planning, self directed IRA, real estate IRA, traditional IRA, Roth IRA, SIMPLE IRA, SEP IRA, 401-K plans, college funding, 529 college savings plan, tax shelter, investment savings, family savings and financial security for consumers and business owners in Wayne County, Detroit, Dearborn, Livonia, Redford, Romulus, Westland, Northville, Plymouth, Canton, Trenton, Taylor and neighboring cities and communities. Learn more at http://wealthbuildingdetroit.blogspot.com/
Contact:
Michael S. McGee, MBA
Financial Advisor
888 West Big Beaver Suite 850
Troy, MI 48084
248-720-0300
Email: mcgeeaug@
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