Testimonial

When my wife and I first heard of Real Estate IRAs, I called our IRA investment advisor who works with a large national financial corporation and advised him we would like to take advantage of this type of IRA investment. His first response was NO but he did later go on to say that Real estate IRAs are limited to X number of dollars on which you must pay capital gain taxes plus a penalty once these monies are removed from your traditional IRA. This did not seem right to me, but I’m not a tax attorney, so I let the subject drop for several months.

Knowing that my wife and I had worked for 40 years and were told we couldn’t invest our hard earned retirement savings the way we wanted, kept eating at me so I decided to do some further research on Real Estate IRAs. I sat down at my computer and started researching the tax codes with respect to real estate and IRA rules. My quest for information took many long hours, if not days! Along the way, I read an article written by Alan Potts of Potts Financial Services, which turned out to be best material I’d seen in over a year. Looking back, the best advice I can give you is not to listen to your current IRA investment advisor. It’s in their best interest to keep you as a client.

My wife and I attended one of Mr. Potts’ seminars and the rest is history. Being the doubting person I am, I wanted to see everything in black and white and my questions answered before making any decisions. Over the next two weeks Mr. Potts met with us several times, both in person and over the telephone to answer all of our questions. With Mr. Potts guidance, we started the rollover process to our new Real Estate IRA. That is the second best choice we ever made. The first is retirement!! We (including children and grandchildren) are now enjoying our new vacation home and comfortable in the knowledge that one day it will be passed on to our children.

Jim and Sherryl B.
Georgia and Florida


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