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Alan Clopine
ABOUT Alan

Alan Clopine is the CEO & CFO of Pure Financial Advisors. He currently leads Pure Financial Advisors along with Michael Fenison and Joe Anderson. Alan joined the firm about one year after it was established. At that time the company had less than 100 clients and approximately $50 million of assets under management. As of [...]

Lots of people are interested in owning property in their individual retirement account (IRA). It can be done, but in this video, “Big Al” Clopine, CPA offers six things you might want to consider first.

1. You can’t have a mortgage in an IRA
2. You cannot work on the property yourself
3. There are no tax benefits
4. You must pay all your property taxes in the IRA
5. No personal use is allowed
6. RMDs must be taken from real estate in your IRA

For more useful information about individual retirement accounts, check out our comprehensive blog post, IRAs: Everything You Need to Know

 

Advanced IRA Strategies

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