TO CONVERT OR NOT TO CONVERT?
Alert!! All Real Estate IRA Note Holders: 2010 is an important tax year – are you ready to make the big IRA switch and save BIG on future taxes!? We can help save you thousands of $$ on the conversion…..for facts you need to know before you convert…..read below:
self directed IRA and are considering a conversion to a Roth IRA:
- First, have an independent third party assess the current market value of your real estate notes in your traditional IRA. Colonial can help make this process easy and affordable; just fill out a quick online form and save hundreds off a standard appraisal.
- Convert your traditional self-directed IRA to a Roth IRA.
- First time ever: No maximum income limits to convert – beginning 2010.
- Reduce the taxes owed by obtaining market value assessments for your notes.
- For 2010 only, you can spread the taxes due over 2011 and 2012 – but pay no taxes in 2010.
- And… the light at the end of the tunnel… Never pay taxes on your growing Roth IRA assets when you retire. This could mean decades of tax-free growth and tax-free distributions!!
But there is one catch, the IRS is going to tax you on the conversion of your traditional IRA at the time that you convert it to a Roth IRA. It’s a one-time tax, but the upside is that you can pay those taxes over 2011 and 2012 — 50% each year; provided you convert your IRA in the year 2010.
Colonial Funding Group, LLC, an expert third party, will give you an accurate valuation of your RE notes before you convert your traditional IRA to a Roth. The market value of most notes will be less than the default value of the current note balance plus accrued interest – and that’s why our valuation service can save you money! Although converting to a Roth means you will pay one-time taxes, imagine your satisfaction knowing your profits are growing in a Roth IRA with future withdrawals 100% tax-free!
to have your traditional IRA evaluated each year:
- 2010 Roth IRA conversion tax savings
- … for the rest of the reasons …
To see a sample Note Valuation, click here.