Putting Your Cash to Work
Smart Money Magazine this month has done a special, on 5 ways to put your cash to work for you. Some of you may have cash from pulling out of the stock market in time or even those of you that just have cash lying around. One of the main points of the article is that real estate is one of the few industries that is expected to keep pace with inflation over next few years. There is even better news for those of you over the age 59 and ½ when it comes to putting your money to work for you.
If you’re over the age of 59 ½ and have a sizable sum in a Roth IRA you can use a “self-directed” Roth IRA to buy a investment property in cash and then take the rental income from that property tax free! The only catch is that you can’t live there, not an issue for those true investors. For many people now is a great time to get into investment properties and this is a great way to earn passive tax-free income. If you’re interested in looking at investment properties feel free to contact us at 617-449-3642.
Tags: Buying Condos, Investing
Financials | Chris Dunn | 
August 27, 2009 1:43 pm
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