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MEREDA's "Morning Menu" Breakfast Event: "Protecting Your Property - Hot Topics in Estate and Retirement Planning for Real Estate Investors"

October 28, 2014 - 7:30AM
to 9:00AM

Clarion Hotel
1230 Congress Street
Portland, ME

About the Event:

Join the Maine Real Estate & Development Association (MEREDA) for breakfast on October 28 from 7:30 – 9:00 AM at the Clarion Hotel, 1230 Congress Street in Portland as two top financial experts discuss ways to protect your property through estate & retirement planning.

Did you know….. In 1974 the IRA was designed to be a self-directed retirement plan that provides tax deferred growth and was intended to provide the freedom to invest in an abundance of assets.  But somewhere along the way, one of the most important concepts of owning an IRA was lost, the concept of self-direction and investing in assets that best suit the individual investor.  Assets such as real estate, promissory notes, businesses, live stock, assets that the investor knows and understands.

Many investors have been falsely misled to believe that the stock market is not only the best place but the only place to invest retirement money. There are many different permissible investments, investments beyond the traditional stock market which may suit different investors.  Laurie Bachelder of Freedom Wealth Advisors will provide an overview that will  include plan investments, prohibited transactions, types of retirement accounts, disqualified persons, leverage and more.

Separately, real estate investors face particular challenges in employing common estate planning techniques.  Income tax planning obstacles such as loss carryovers, phantom income, and negative capital provide significant traps for the unwary.  Many estate planning techniques fail to take into consideration such income tax concerns, which are not prevalent for other types of business and investment interests. 

Baker Newman Noyes’ Jean McDevitt’s presentation will focus on avoiding pitfalls at the intersection of income and estate tax, and highlight ideas for planning with real estate holdings.  Jean will discuss these estate planning hazards as well as introduce a planning opportunity for those with an appetite for the complex.

About the Panlists

Jean McDevitt is a Tax Principal with Baker Newman Noyes (BNN), a professional services firm with offices in Portland, ME; Manchester and Portsmouth, NH; and Boston, MA. BNN offers comprehensive Accounting, Tax, Audit, and Healthcare and IT Consulting services to businesses and individuals.

Jean specializes in income tax planning and compliance for individuals, trusts and estates as well as gift and estate tax planning and compliance. Jean earned her law degree from the University of Maine School of Law and her undergraduate degree from Tufts University.  Jean has been with BNN since 2001.

Laurie Bachelder is the principal of Freedom Wealth Advisors, an independent Registered Investment Advisory firm that provides objective advice on a breadth of investments opportunities, not just those in the traditional markets.  Freedom Wealth Advisors understands the importance of non-traditional asset classes such as real estate for a client’s portfolio.

Laurie has been providing independent and objective investment advice for 15+ years.  She has devoted extraordinary time and recourses to the highly specialized area of non-traditional assets within qualified retirement accounts.  With her understanding of the regulatory and financial considerations of self directed retirement accounts she provides investors with more options, more control and more diversity for their retirement accounts.

Materials Related To This Event:

Event Mailer   PDF
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