Paperback: 256 pages
Publisher: Wiley; 1 edition (November 28, 2006)
Language: English
ISBN-10: 0470043989
ISBN-13: 978-0470043981
Product Dimensions: 6 x 0.7 x 9 inches
Shipping Weight: 10.4 ounces (View shipping rates and policies)
Average Customer Review: 4.0 out of 5 stars See all reviews (10 customer reviews)
Best Sellers Rank: #1,040,826 in Books (See Top 100 in Books) #241 in Books > Business & Money > Taxation > Personal #979 in Books > Business & Money > Personal Finance > Retirement Planning #1135 in Books > Business & Money > Investing > Real Estate
This book was a great surprise! I thought that I was getting another book on IRA investing, but it was also informative about a new product that I had not heard of called the Solo 401(k). Really, this book is a must read for everyone...especially for people who have reached income limits for contributing to their IRA. It is also extremely helpful with ideas of how to purchase real estate within the self-directed retirement vehicle. I used the information in this book to redirect my investment goals!
Well if you do have an IRA a good place to put your money is REAL ESTATE. I first got my real estate sales license in 1976. BUT I didn;t know a fairly well kept secret that you can have a SELF DIRECTED IRA that can invest in real estate. Buy real estate, gold, silver or whatever else is allowable. This book is one to have in your resource library to help you out with the rules. NU VIEW is a company that is one to consider when chosing which self directed IRA... ( I use them-- low costs etc)....... most of the IRA companies out there do not offer that service.
I looked at the reviews for this book and I was surprised by several of the comments. I feel one must to look for the value the book provides from a real estate perspective. Language is tricky. Each of us can get catch up with the words, if we challenge the sentences and grammar and simple content. I'm concern the wording regarding Japan was taking out of content. I read these words and quickly went pass them because I am concerned with the components of the book as it deals with real estate investing. I feel the book adds substantial value to those looking to invest in real estate. Simply put, I rate the book a definite '5'.
This underrated book was a revelation for me...particularly the information about the Solo 401(k) and Solo Roth 401(k) - new as of 2006 - the self-directed IRA, IRA LLC, and Tax-Free LLC. The information is 100% relevant to the economic times we are in, and is absolutely essential for anyone who seriously cares about long-term real estate investing, personal financial planning, pension planning, and the tax implications of it all.This book is for those who want to actively hone their investment skills and take more responsibility over their retirement plan, not those who want to let someone else handle it. For example, the book plainly states that you are an ideal candidate for self-directed IRAs provided you also build up the skills to make more money through your own investing. Otherwise you would be putting your retirement funds at risk through your own mismanagement.I am on my second reading of the book now, and am typing up extensive notes just to solidify the information for discussion with our estate lawyer, retirement and tax advisors. I can't say enough good things about this book except to say I made my husband read it and I have been recommending it to all of our friends.
What a good book! The authors probably provided the best explanation of the difference between defined benefit pension plans versus defined contribution pension plans. They say that in the past, all people had to do was to work for a big company for many years and their retirement would be guaranteed. This was true years ago when companies used defined benefit pension plans where they guaranteed a certain retirement income for retirees. Now, many companies only offer defined contribution pension plans where employees make fixed contributions but the company is not responsible for the outcome of the plan during the retirement. Since the employees bear all the risk, I believe that they should take charge of their retirement investments, and this is what this book is about.This book helps people take charge of their retirement plans by teaching them about solo 401(k), solo roth 401(k), self-directed IRAs, IRA LLC, and Tax-Free LLC. If you have no idea what I just said, then you definitely need this book.- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
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