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IRA Wealth: Revolutionary IRA Strategies for Real Estate Investment |  | Author: Patrick Rice
Publisher: Square One Publishers
Category: Book
List Price: $16.95
Buy Used: $0.58
as of 9/9/2010 11:36 CDT details
You Save: $16.37 (97%)
New (22) Collectible (4) from $6.98
Seller: betterworldbooks_
Rating:  20 reviews
Sales Rank: 192512
Media: Paperback
Pages: 272
Number Of Items: 1
Shipping Weight (lbs): 1
Dimensions (in): 8.9 x 6 x 0.6
ISBN: 0757000940
Dewey Decimal Number: 332.63240973
UPC: 780597000941
EAN: 9780757000942
ASIN: 0757000940
Publication Date: June 15, 2003
Availability: Usually ships in 1-2 business days
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Product Description
For decades, banks and brokerage houses have effectively convinced us that IRA holdings can be invested only in stocks and CDs. Then, with the sharp decline in the stock market, most of us could only stand by and watch as our retirement savings lost their accumulated value. Few knew that there was an alternative which offered both safety and growth. That alternative is real estate. That’s right. Contrary to what you may have believed, it is perfectly legal to hold real estate investments in an IRA account—and to enjoy unprecedented returns. For nearly twenty years, IRA investment expert Patrick W. Rice has taught thousands of men and women his revolutionary strategies for using an IRA to create wealth based on real estate. In his new book, Mr. Rice shares all his moneymaking strategies with you. Within the pages of IRA Wealth, you will learn how to: • Turn your old IRA into a self-directed account that puts you in charge. • Buy income-producing properties, from rental houses to commercial buildings. • Purchase high-yielding real estate-backed notes. • Buy your dream retirement home now. • Loan money to family and friends while building your IRA. • Form limited liability companies that multiply your investment power. • Buy yourself a thriving business—or a great job. • Reduce your risks while boosting your returns. Although it may be a little late to avoid the volatility of the stock market, the lesson has been simple: Don’t put all your eggs in one basket. IRA Wealth offers an entirely new basket—one that holds golden eggs for a bright and rewarding future.
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| Customer Reviews:
Showing reviews 1-5 of 20
 IRA, I'm confused! December 17, 2009
Pete Tomiello (Central Valley, Ca)
2 out of 2 found this review helpful
I used this book to give me enough knowledge to open a self directed IRA. The company the book suggested to use no longer did this type of service, but the company hooked me up with an outfit that did. PENSCO TRUST in San Francisco. I signed up with PENSCO and put $25K in an account. Then I traded that money for 15 acres. So far only one problem. PENSCO TRUST said they would charge me $200 a year for thier services. After one quarter year they doubled to $400 a Year. Where is the TRUST in PENSCO TRUST. HaHA!
 It Worked for Me! November 25, 2009
Stephen Y. Tennison (Houston, Texas)
1 out of 1 found this review helpful
I got this book around the time it was first published. My wife and I both had a hodge-podge of IRAs and old 401ks from prior employers. We rolled everything into two self-directed IRAs, one for me and one for her. We then invested those IRAs in an LLC which purchased a 209-unit apartment complex. With guidance from a well-qualified CPA and attorney, this transaction went off without a hitch and we've been happy with our returns ever since. So, take it from someone who has read this book and done what it recommends, this stuff works.
Valuable Advice August 12, 2009
Mariusz Skonieczny (ClassicValueInvestors . com)
2 out of 2 found this review helpful
Reading the IRS tax code is probably more painful pulling out your teeth out without pain killers. It is no secret that tax rules in the U.S. are very complicated. This book teaches real estate investors about the use of IRAs to hold real estate investments. There is no reason to reinvent the wheel. The authors did a great job writing a book that summarizes all the important rules pertinent to real estate investors.
- 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
Best read on Self Directed IRA's. June 4, 2009
Joseph K. Adkins Jr.
1 out of 1 found this review helpful
For plain language on do it yourself Self Directed IRA's you can't beat this book. I've been researching and investing in Self Directed IRA's for about 5 years and this book covered everything I learned in that time in one easy read without having to go to other sources to reseach other angles on the subject. Wish I would have found the book 5 years ago.
A good overview April 5, 2008
Kay Gotz (CA)
I prefer the "Private Money" equity lending book reveiwed previously, but this one turned out to be informative too. I had originally cancelled my order, but got it anyway. Good information on originating and purchasing real estate notes (discount notes from lenders/banks), and great if you are looking to find an alternative to the stock/bond market funds that most people have their IRAs invested in.
Showing reviews 1-5 of 20
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| Worthwhile Reading | Three Tips to Help Planning Retirement
By Brenda Cyr
Thinking about retirement is not usually on the top of our list of things to do. Then suddenly we reach the point in out life when retirement is close to becoming a reality. At that point, you really need help in planning your retirement. Sure, we think about it from time to time, but never take any action on our thoughts. Don't let lack of action destroy your retirement, and leave you working well into your seventies. Use these three tips to help plan your retirement and to get started today.
1. Be Realistic about Retirement. Most people don't take the time to sit down and figure out how much money they will need for their retirement. Here is an easy way to plan what you'll need for retirement. Take the amount of money you are now living on per year, and subtract the amount of money you can save once the kids move out, and you downsize to a smaller home and car. Take that amount and multiply it by how many years you think you will need to live on your savings. The average life expectancy is 80 years.
2. Make a Budget. This will be one of the biggest helpers for planning retirement finances. Take out a sheet of paper and write down all your monthly expenses. Include your utilities, credit cards, groceries, and everything that you spend money on through the month. Make sure that you add a set amount for retirement savings. The next step is to subtract this amount from your take home income. Do you have anything left over? If you do, that is excellent. You can use these savings for a rainy day account.
3. Cut Back on Expenses. You already knew this was coming. You have a budget, and know what you are spending; now it's time to see where you can cut back so you can put more money into your retirement account. You don't have to cut out all the luxuries in your life, but you might find that by renting movies more often, rather than taking the family to the theater will let you enjoy more luxuries when you retire.
These three tips will help you get started saving for your retirement. Of course, there are many resources available to help planning for retirement. There are many aspects of retirement to consider as well- your health, your social life, your leisure activities and hobbies. By following these three tips, you will be taking action to help you plan for the best retirement possible.
Are you really ready to retire? Get our free report- How to Supercharge Your Retirement, and make sure you can enjoy the retirement you deserve. Visit http://www.RetirementPlanningHandbook.com today.
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CERTAIN CONTENT THAT APPEARS ON THIS SITE COMES FROM AMAZON SERVICES LLC. THIS CONTENT IS PROVIDED ‘AS IS’ AND IS SUBJECT TO CHANGE OR REMOVAL AT ANY TIME. | | Retirement Facts | | Whether a worker is offered and participates in a retirement plan at work depends greatly on what type of worker the person is:
• Public-sector workers have the highest level of participation in a retirement plan (75.8% in 2004), while parttime workers typically are not offered a retirement plan or rarely participate when they are.
• Among all workers, less than half (41.9% in 2004) participate in a retirement plan.
• Among full-time, full-year wage and salary workers, more than half (56.6% in 2004) participate in a retirement plan.
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