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IRA – 401(k) Workshop

Entrust Midwest, LLC

& Real Estate Promo, Inc. Proudly Sponsors

Real Estate Related Investments In IRAs and
Qualified Plans
Workshop

Saturday, March 6, 2004
Minneapolis, MN

Purpose of this workshop

To provide the participant with an understanding of how investments in Real Estate and Notes can be accomplished through Individual Retirement Accounts and Qualified Plans. Through understanding the elements of Roth, Traditional, Simplified Employee Pension and Savings Incentive Match Plans IRAs, as well as Defined Contribution and Defined Benefit Plans, we will establish the foundation of using these plan types for purchasing real estate, mortgage notes, tax lien certificates, leases and other related income streams, on a tax advantaged basis.

Featuring Workshop Instructor

Jennifer Dizmang has been in the financial services industry for 10 years. During this time she has excelled as a top producer with several elite financial firms and has served as a financial advisor to over 1,000 clients. She holds the licensing of Series 7, 63, 65, life and health. Currently, she is a director on the advisory board of BioDefense, a Boston-based firm. She is also the VP of Equity Funds for Wall Street Venture Capital, a New York City based firm, helping to raise the necessary capital for many start-up companies. In addition, she is an instructor for real estate seminars nationwide and has been a real estate investor since 1992.

Workshop Host

Todd Grill (Branch Manager) of Entrust Midwest LLC has been an active RE Investor since 1979. He is an experienced leader in the real estate industry. Todd is familiar with all aspects of Real Estate, Contracts and other transactions. He is licensed in real estate in both MN and WI and was last year’s 2003 President of the Minneapolis Association of Realtors. He is also a Certified International Property Specialist (CIPS). He has personally invested in Single Family homes, lake homes, duplexes, townhouses, farms and hunting land.

Develop your strategies for the new laws, plus learn valuable tips on:

Seminar Segments

	Real Estate Property Types
	Using LLC for purchases in IRAs and Qualified Plans
	Definitions of IRAs & Qualified Plans
	Investment Characteristics Among All IRA and Qualified Plan Types
	Comparison of plan types and uses for personal and business tax free and tax deferred investing
	What you can & can’t do with your plan
	Distribution of IRA and Plan Assets
	Plan Investments & Prohibited Transaction
	Asset Protection & Plan Expenses
	Case Studies

PLUS
Complete Workshop Manual
125+ pages of detailed Investment Information

What is an IRA?

An Individual Retirement Arrangement (IRA) is a personal savings plan that offers you tax advantages to set aside money for your retirement or, in the case of a Coverdell Education Savings Account (formerly known as Education IRAs), for certain education expenses of a designated beneficiary. Two advantages of an IRA are:

1. You may be able to deduct your contributions in whole or in part, depending on the type of IRA and your circumstances, and
    

2. Generally, amounts in your IRA, including earnings and gains, are not taxed until distributed, or, in some cases, are not taxed at all if distributed according to the rules.

	An Overview All real property is either purchased or sold for your benefit using your Qualified Plan and/or IRA funds. TYPES OF PROPERTY YOUR IRA CAN OWN Single family and multi-unit homes, apartment buildings, co-ops, condominiums, commercial property, improved or unimproved land, whether it's leveraged or unleveraged, may be purchased by your Qualified Plan or your IRA.

PURCHASING AND SELLING REAL PROPERTY

A real property purchase or sale is initiated by executing either a Buy or Sell Direction Letter For Real Estate. Specific Instructions for completion of these direction letters are contained with the forms packet supplied to each account holder. Real property may be bought at auction for your Plan through our unique auction purchase program. Such purchases cannot be made with personal funds and later be reimbursed.

FINANCING THE PURCHASE

You may finance or leverage any property you purchase for your Plan. The property is the collateral for the loan. As the property is an asset of the Plan, repayment of the underlying debt must come from contributions to or income from the property or other assets in the Plan.

ENSURING THE TAX-DEFERRED STATUS OF THE ACCOUNT

The entire transaction must flow through the tax-free or tax-deferred retirement account. The escrow must be opened by the account, and not in the name of the beneficial owner. Vesting is always in the name of the account. Only Qualified Plan or IRA funds may be used as good faith deposits, down payments, or purchase money.

If title is vested in individual account holder names, it may not be subsequently sold to the tax-deferred or tax-free account.

BUYING OR SELLING FRACTIONAL INTERESTS IN PROPERTY

While fractional interests in real property may be purchased or sold, such interests may not be bought from the beneficial owner of the Plan or IRA or members of their family or business, except siblings.

ADDITIONAL REQUIREMENTS

When purchased, these properties become assets of your Plan or account. In addition:

• You may not personally own property which you intend to purchase with Plan funds and you must ensure that your intended purchase is not a prohibited transaction
   
• It must be for investment purposes only
   
• Neither you, your spouse, nor your family members (other than siblings) may have owned the property prior to its purchase by your Plan
   
• Neither you nor your family members (other than siblings) may live in or lease the property while it's in your Plan
   
• Your business may not lease or be located in or on any part of the property while it's in your Plan
   
• You may receive any property as a distribution from your Plan as a retirement benefit

MANAGING THE PROPERTY

You may receive a fee for managing the assets in your IRA. Managing Assets does not include property management conducted by the beneficial owner of an IRA or a company owned more than 50% by the beneficial owner of real or personal property in the IRA. Managing Assets means managing your IRA portfolio. Management fees can be paid to you or other persons or entities you designate on receipt of invoices. A 1099 will be issued to you or other designated asset manager for the year in which such invoices are paid. All of the income and expenses are for the benefit of the account. This includes all property rental or lease income, taxes, property management and repairs. Invoices for expenses are paid on client approval. The recordkeeping and administration expenses may be paid either directly from separate funds or through the Plan, and may be tax deductible.

TITLE AND ESCROW COMPANIES

When title and or escrow companies are involved, proper instructions will be provided to them for all documents for your account. In the event that a local title or escrow company has additional requirements other than those provided in our comprehensive package, delays and additional costs may result. For ease of completion, in many cases facsimile (FAX) transmission of information is acceptable, followed by hard copy originals.

What's the difference between tax-deferred and tax-free investing?

A taxable investment is one in which you pay taxes every year on the dividends and appreciation of investments that you sell. A simple example of a taxable investment is a regular savings account. Every year when you file your tax return, you're required to report the interest your savings account has earned and pay taxes on it. Here is a good rule of thumb: any time you buy a stock, bond, mutual fund, money market account, etc., that is not part of a special tax-sheltered account (such as a 401(k), 403(b), IRA, etc.) it is most likely a taxable investment - and you'll be required to pay taxes on its earnings every year.

A tax-deferred investment is one in which you do not have to pay taxes on the investment's earnings until you withdraw money from the account. Examples of tax-deferred investments include 401(k), 403(b), and IRA accounts. In many cases, contributions you make to tax-deferred accounts are partially, if not completely, tax deductible. Because tax-deferred accounts are designed to help people save for specific goals - such as retirement or a child's education – there are hefty penalties attached to withdrawing your money from the account too soon.

A tax-free (or tax-exempt) investment is one in which you don't have to pay taxes on the income the investment earns. A municipal bond is an example of a tax-free investment. Note however, that just because an investment is called "tax-free" does not mean that you won't have to pay any taxes on it. Some tax-free investments are exempt from only federal income taxes, while others may be exempt from only state or local taxes.

Among your options of investment choices:

• Real Estate

• Stocks and Bonds

• Unsecured Loans

• Security Agreements and Notes

• Tax Lien Certificates

• Trust Deeds and Mortgage Notes

• Contracts of Sale

• Certificates of Deposit

• Tangible Asset Deeds

• Foreign Sales Corporate Stock

• Auto Paper Funding

• Limited Liability Corporations

• Private Stock Offerings

• Partnerships

• Factoring

• Accounts Receivable Financing

• Building Bonds

• Commercial Paper

• Leases

• Joint Ventures

• Like and Unlike Exchanges

• Commodities & Futures Trading

• U.S. Treasury Gold Coins

• U.S. Treasury Silver Coins

• Gold Bullion

• Palladium

DATE: Saturday, March 6, 2004
TIME: 9:00 AM to 5:00 PM
(8:30 AM Registration)
Cost: $199 per person / Discounts for groups of 2-4 people

LOCATION:
Minnetonka Community Civic Center
14600 Minnetonka Blvd
Minnetonka, MN 55345

Tax Deductible (Tres. Reg. 1.62.5)
Purpose: Business Recordkeeping and education

ADMISSION POLICY: Your admission price includes course materials only. Enjoy lunch on your own.

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