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The next two strategies involve stock options. The average American shouldn't deal with stock options, like puts and calls, it's a good way to lose your shirt. To deal in stock options you need to be wealthy because they are very high risk.
The deferred compensation plan they are referring to is not an IRA, it is "deferred" wages. I don't know of too many Americans who can afford to defer their monthly income, they live off of it.
Really ? Just how do you lose your shirt with buying puts or calls ?
Sure that article slings around $200K. One can use stock as collateral for a loan. The amount is based on how much stock you have.
What if you bought 100 shares of AAPL when it plummeted to $97 back in 2009 ?
What is that worth today ? You don't want to sell it but you can certainly use that as collateral on a loan for let's say $20K or $30K easily.
That article uses high dollar figures to throw you off. Rather than look at the "using stock as collateral for a loan" you saw $200,000.00.
All those strategies can be used by middle class people who are not up to their eyeballs in CC debt.
Don't let the money figures thrown out by that article fool you.
You want to shuffle around gains from a home sale..buy the home in your self-directed IRA account.
It can be a $50K fixer upper that you turn around for a $100K sale. Those profits are in your IRA, safe from taxes until you withdraw them decades from now.
I don't think you can do that within an IRA. Most American's don't even own stocks.
How can you buy a house from an IRA account? That option was never offered to me when I bought my condo. I have never heard of that.
Ellemint, you posted that these were loopholes only available to the rich.
I pointed out that they are not.
Any with some savings can play the same game as the tools are available to everyone equally.
A self directed IRA does the same deferral as other tax deferred vehicles used by the rich.
Most of the income gains in the recovery from the recession have gone to the top 1 % of income earners. The following graph shows that 93 % of income gains were to the top 1 % of Americans. (The red bars indicate recessions.)
Exactly. Obama is destroying the middle class like I've been telling these swooners who listen to him scream and howl how he is for them when in reality he wants two classes..........the upper and the workers. That is how communists like things. Everything for me and not for thee. Enjoy your utopia liberals.
Ellemint, you posted that these were loopholes only available to the rich.
I pointed out that they are not.
Any with some savings can play the same game as the tools are available to everyone equally.
A self directed IRA does the same deferral as other tax deferred vehicles used by the rich.
I don't think banks are going to give your average middle-class American loans to play the tax games that are mentioned in that article. Most Americans are lucky just to qualify for a mortgage.
I believe I have a self-directed IRA within which I have selected the stocks or ETFs I have in it. I don't know how I could buy a house with it. Please explain that.
Absolutely. They just had to have the granite countertops and stainless steel appliances and media rooms along with his and her offices and each kid their own bedroom.
The 401K ? Bah...worry about funding that tomorrow.
Also, multiple properties bought with loans that were then sold or leased out with inflated rents to create substantive incomes going to pay for the loans and yet another round of loans taken out to repeat the cycle. All this done by small corporations and to a lesser degree personal incorporations. I can't count how many vacant condos I see built on credit and priced stupidly- if they were ever needed beyond proving a use for the loans and then being used as a deferment/loss, unless actually sold to somebody who bought into this modern monopoly game. All done to allay the loss of dirty manufacturing and a need to get people to go white-collar and join the service sector/supply-side financial economic theory. Globalists to their unwitting cores right down to nurturing cheap slave labor imported & supported with dim silliness like 'multiculturalism'...
All the while, more electronic contrivances, cars, vacays, ornate decorations/materials wanted merely to advertise desirous upward property values that exhibit a life'style' praised by Robin Leach.
Retirement? Before they turn 40! Hopefully, they will have enough properties left to fund it or enough people 'rich' enough to rent them!
Look up self directed IRA and learn something.
Most Americans DO own stocks because that's what they have in their 401K accounts.
Educate yourself before coming here telling the rest of us that the rich are sucking your wallet dry.
I researched buying property with a self-directed IRA, and you are right, you can do it, but it's complicated.
"You cannot take advantage of IRA investments until you retire. You can't use the fund to pay off your mortgage or live in or use the property you buy as an investment in the self-directed IRA."
Most of the income gains in the recovery from the recession have gone to the top 1 % of income earners. The following graph shows that 93 % of income gains were to the top 1 % of Americans. (The red bars indicate recessions.)
Whereas middle class incomes have declined:
What's going on?
[URL="http://opinionator.blogs.nytimes.com/2012/12/31/america-in-2012-as-told-in-charts/?hp"]America in 2012, as Told in Charts - NYTimes.com[/URL]
Maybe you should work hard, as aspire and try to be one of the top 1%
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