An advertising promotion of St. Joseph business and industry
Seaman & Schuske
ROOFING - SHEET METAL - SIDING INSULATION - HEATING - AIR CONDITIONING ESTABLISHED 1870 OVER 125 YEARS EXPERIENCE Fourth & Mitchell, St. Joseph, MO
232-3337
8003 NE St. Rt. 6 (2.7 mi. E of Riverside on Hwy. 6) St. Joseph, MO
816-667-9190 60 Years of Fine Craftsmanship
Complete Kitchen & Bath Remodeling A division of John Rauth Construction Co.
This property and others can be used for a Real Estate IRA. Go online: www.raysisson.net to view available properties.
By Appt. Only
26th & Patee 816-232-2225
CBIZ Insurance Services, Inc. 218 S. 7th St. • 816-233-0201
Over 100 Years “Flat Roof Specialistsâ€? •Asphalt • Shake • Composite • Standing Seam • Wood • Metal • Gutter “Custom Architectural Metal Fabricationâ€? 1601 Buchanan, St. Joseph, MO
816-232-0644 www.roberts-roofing.com
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1908
SINCE
Four Generations of Jewelers
510 N. BELT • ST. JOSEPH 1002 S. Main • MARYVILLE
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8 LOCATIONS
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2119 S. Riverside 4217 Frederick 1702 St. Joseph Ave. 3804 Mitchell Hwy 36 E Wathena 22nd & Olive Belt & Pickett ADVANCING EDUCATION, HEALTH AND FINANCIAL STABILITY
Helping St. Joe Since 1998.
Improving lives through the caring power of community
• Skilled Home Health • Developmental Disability Services 816-364-2381 • Home Health Aides • Personal Care • Homemakers GIVE. ADVOCATE. VOLUNTEER. Serving Northwest MO United Way
LIVE UNITED
816-671-9100 • 2409 N. Woodbine www.helpathome.com
of Greater St. Joseph
Rayond A. Sisson, CCIM
Disasters can happen. Is your business’ data safe?
Commercial Sales & Leasing
stjosephunitedway.org
Serving only commercial clients retail - office - industrial www.raysisson.net
2700 N. Belt St. Joseph, MO 64506 (816) 364-2700 (800) 530-5938 Toll Free Email: raysisson@stjoseph.net
(816) 749-2803 | jeff.penland@npgco.com www.echocloud-sol.com
FARM BUREAU INSURANCE
JEFF FREEMAN Multi-Line Agent
Investment Management Financial Planning 2407 N. Woodbine Rd., St. Joseph, MO
816-364-4900
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610 S. Woodbine Rd, Saint Joseph 64507 Phone: (816) 279-2985 Email: jfreeman@mofb.com www.mofb.com
*Securities, insurance, and advisory services offered through SagePoint Financial, Inc., member FINRA/SIPC. Heritage Investments is not affiliated with SagePoint Financial, Inc., or registered as a broker-dealer/investment advisor.
Use your IRA to invest in real estate A short, middle-aged woman wearing red 2. The property can be rented but the rental glasses came up to Tom Lundstedt after one income is paid into your IRA, not to you. of his real estate seminars. She seemed shy and 3. All expenses of renting and operating hesitant, but she listened intently and had taken [OL WYVWLY[` T\Z[ Ă…V^ PU HUK V\[ VM `V\Y lots of notes during the class. Her name was self-directed real estate IRA. Make sure your Norma and she asked Tom several self-directed real estate IRA has good questions about real estate enough liquid reserve funds for investing. Norma told him she had operating, improvement, and $200,000 in her retirement account. miscellaneous expenses. Tom congratulated her, but she said 4. Finance a property owned ‘Don’t be impressed. I had $300,000 I` `V\Y 09( ;OL Ă„UHUJPUN T\Z[ IL a few years ago!’ ‘non-recourse,’ It means the property, Her retirement account, like many, not the IRA account, is the sole had suffered as a result of investment security for the loan. Most lenders choices. Norma told Tom she ‘wished won’t provide ‘non-recourse’ she had bought real estate instead of Ă„UHUJPUN 6W[PVUZ HYL WYP]H[L SVHUZ Tom Lundstedt, CCIM – Investment Real Estate investing in an IRA.’ or seller loans. Get good professional Professional and former She was amazed when Tom told advice before taking any action. Major League Baseball player her she COULD have her IRA and 5. Your real estate IRA can buy – Real Estate IRA authority. real estate, too! a partial interest in a property. Useful A retirement account (traditional IRA, Roth if your IRA doesn’t have enough money to buy IRA, Simple IRA, SEP, Keogh, 401k, etc) is NOT 100% of the property. AN INVESTMENT! It is a special account set-up Things you CANNOT Do to HOLD your investments. It can hold many 1. Your real estate IRA cannot buy a property types: mutual funds, stocks, bonds and REAL you, your spouse, or certain family members ESTATE! own. Likewise, your real estate IRA cannot When Norma found out her retirement sell a property it owns to you, your spouse, account could own real estate she or certain family members. said, ‘But I asked the company that 2. You, your spouse, or certain administers my account if my IRA family members cannot have any could own real estate, and they said personal use of the property owned no.’ They should have added three by your real estate IRA. important words: ‘not with us.’ 3. Your IRA cannot lease the Most investment companies are property to your business. Your Rental Townhomes and not set up to handle real estate and business cannot occupy or use any Condos can be included have no incentive to inform you real in your real estate IRA of the property. estate is an investment choice. It’s the Is a Real Estate IRA right for you? reason for misconceptions about real estate IRAs. The big question is – Should you use your Retirement Accounts CAN own real estate. retirement account to buy real estate? Be sure to talk with a competent real estate Answer – it depends on the type of real estate and IRA advisor before you take any action. your unique situation. Everyone’s situation is unique and you want Primary residences, second homes, and to do what’s best for you. vacation homes are not candidates First, establish a self-directed because you already own them. retirement account with a company A rental property producing a tax or custodian who specializes in real shelter from depreciation is not good estate. It’s a relatively easy process. because the tax shelter goes to waste You can establish a new account or in your retirement account. roll over assets of an existing account. 7KLV RIÂżFH EXLOGLQJ QRUWK 9H^ SHUK Ă„_LY \WWLYZ HUK (Be sure there are NO SURRENDER non-leverage rental properties of Mitchell Ave on the CHARGES for rolling over an existing South Belt Hwy is perfect are perfect candidates. for a real estate IRA. account.) 7YVĂ„[Z MYVT [OLZL PU]LZ[TLU[Z :WLJPĂ„J Y\SLZ L_PZ[ HIV\[ ^OH[ `V\ are tax-deferred (or tax-free with a CAN and CANNOT do with your real estate IRA. 96;/ 09( PM `V\Y YLHS LZ[H[L 09( I\`Z V^UZ Make sure your IRA custodian explains these to and sells the property. you. Remember, limits exist on how much you can Things You CAN Do contribute to your IRA each year. But, there is 1. Your real estate IRA can buy and sell NO LIMIT on how much your IRA can earn. many types of real estate including raw land, Also, real estate IRAs are a specialty. Get good commercial properties, rental properties, professional advice before starting one. JVUKVZ Ă„_LY \WWLYZ SHRLZOVYL HUK TVYL 4HRL sure you know: THE SELF-DIRECTED REAL raysisson @ ESTATE BUYS, OWNS, AND SELLS THE stjoseph.net PROPERTY, NOT YOU PERSONALLY. You don’t withdraw the money from the IRA to buy the www.raysisson.net property – the custodian buys the property in the name of your self-directed real estate IRA.
Your business can be here. Call to ďŹ nd out how.
Ray Sisson CCIM 2700 North Belt Highway 6W -RVHSK 0LVVRXUL ‡
G E N E R A L P RO P E RT I E S
‡ Serving Only Commercial Clients