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Did you know that you can use your IRA to loan money while reaping a tidy, tax-sheltered profit?
IRAs are one of the largest untapped resources for private lending. Your retirement account plays the part of a bank and the borrower can use the capital to purchase a home, a car, or make other investments.
These transactions offer great benefits for all parties involved. Your IRA earns tax-sheltered income on the interest of the loan, and the borrower is able to get needed cash while avoiding the stringent requirements of mainstream lending institutions.
As the IRA owner, you call the shots, set the terms, and decide if you’ll extend a secured loan backed by collateral or an unsecured loan with a higher interest rate.
Alex Perny of Advanta IRA will show you the benefits and risks of private lending, plus you’ll have the opportunity to network with other interested investors.
Lunch will be served, but seating is limited so register now.