Sep 27, 2021
Have you heard about the proposed plan to tax IRAs? If so, it's time to take some action and be heard. Stay tuned and learn more about the possible impacts of this proposed bill on you as a real estate investor.
Key takeaways to listen for
- How to invest using Roth IRA
- What’s the implication of the new bill to investors
- What to do to prevent this proposed legislation from passing
Resources in this episode
Below is additional information on the proposed bill:
- Subtitle I – Responsibly Funding Our Priorities Section-by-Section
- Section 138312 of the House bill can be found on the bottom of page 689
- Forbes Article | 7 Ways The New Tax Bill Could Impact Retirement Planning
- Find Your Representative
- Contacting US Senators
- Avestor Article | Latest U.S House Bill Impacts Real Estate Investing
- Please see the sample text that you can provide your investors to write to their elected officials:
Dear {insert name of official},
As an investor, I am writing to you about my opposition to Section 138312 of the US House bill. This proposal has a direct impact on investor choice and limits my ability to diversify my retirement savings. By not allowing me to invest my retirement savings in private investments, you are requiring me to keep all of my IRA money in the public markets.
Additionally, by forcing me to remove this capital from existing deals or lose my tax-free status, you will have a significant impact on my retirement savings. I ask that you oppose this proposal.
Thank you.
{investor name}
As leaders in the real estate industry, we must come together, act with urgency and push back on legislation that clearly is not in the best interest of our industry and our investors. We ask that you join us and get the word out to your professional network and your investors on this proposal and make our voices heard to our elected officials.
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