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03-14-2008, 01:23 PM #11
Condominium
- Join Date
- Jan 2008
- Location
- NW suburbs of Chicago
- Posts
- 107
People, please don't pull money out of your retirement vehicles to invest in real estate. Keep you dollars in those accounts. The tax implications and loss of shelter status will not be fun to deal with. What about REITs? They are securitized similar to stock in a corporation. Could be a way to get the benefit of both worlds.
Just a suggestion, I really don't know the answer but it seems logical to me.http://tantoine.wordpress.com/ I do not hold myself out to be an attorney. Consult with a local attorney for proper advice. IRS Circular 230: This response is, written for educational purposes only. It does not establish a client relationship. This communication is not intended to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to any party any matters addressed herein.



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