FreedomGrowth.com Untaps a Limited-Time Investment Strategy That May Allow for a Drastically Improved Retirement Outlook
Summary
Mr. Coe states that 2010 is an exception for the typical Roth IRA rules due to TIPRA and presents a huge opportunity.Freedom Growth provides guidance and education on the process of asset conversion into specialized self directed accounts and presents a range of real estate options to help consumers truly diversify their retirement portfolios.There are two provisions in the IRS tax code that, if implemented strategically, will allow investors to drastically improve their retirement outlook.According to David Coe, founder of Freedom Growth, an IRA real estate investment company in Southern California, “…if you purchase a property in Mississippi for $150,000 and the depreciable portion is $120,000, you could receive a tax deduction of $60,000 in the year of the purchase.” How you use this deduction is part one of the strategy says Coe.Coe says that part two involves the May 17, 2006 Tax Increase Prevention and Reconciliation Act (TIPRA).Coe states that 2010 is an exception for the typical Roth IRA rules due to TIPRA and presents a huge opportunity.