You’ve got a Roth IRA and you’re thinking a lot lately about returns on your IRA when times get tough, like now. One of the best investments for any IRA, including a Roth IRA, is in real estate.Believe it or not Roth IRA investments in real estate are STILL the single best investment you can make right now in 2008, when the economy is terrible and the real estate market in turmoil.But surely you wouldn’t make a Roth IRA real estate investment in the current market? The real estate market is in meltdown. Why would you invest your retirement plan in a real estate market that looks a little like the Titanic, going down.Real estate as an investment is alive in well in 2008, whether you’ve got a Roth IRA or any sort of employer sponsored retirement plan.Of course you always need to examine your plan and see what investments are allowed. With many plans you have a limited or non existent right to invest your own retirement funds yourself, or if you do you can only invest in a limited range of investments.For example many IRAs are with custodians that allow only traditional stocks and bonds and CDs as investments, and usually they try and direct your retirement funds into investments in their own products.So the first thing you need to do before investigating investing your retirement plan is to make sure you’re allowed to invest in real estate, yourself. So you may need to do a rollover if you’ve got, say, a traditional IRA or perhaps an employer sponsored retirement plan or even a 401(k). Rollover into a fund that allows you to invest yourself, into real estate, and you’re way ahead preparing for your retirement.Of course you should get some solid financial advice from your financial advisor before you undertake any rollover to make sure you do it right, and there are various Roth IRA websites you can use to educate yourself on rollovers and Roth IRA rules.If you’ve got a self directed Roth IRA right now you should be able to invest in real estate now, but check with your financial advisor first.So, back to Roth IRA investments in real estate in 2008. Why would you?Firstly, real estate investments have created, it is estimated, around 80% of the wealth in the US today. Real estate offers a better long term opportunity for a good return on investment, both from rental returns and capital growth, than any other form of investment. Real estate allows you to borrow larger amounts more safely, and if you’re investing through a Roth IRA it also allows you to invest tax free due to the significant tax advantages afforded to formal retirement funds like IRAs and 401(k)s. Even on a marginal tax rate there are significant tax advantages to investing for your retirement through a formal retirement fund.And real estate offers excellent returns even in 2008. Because, although the real estate market is in general decline, there are pockets of the real estate market that still offer significant opportunities for an excellent rate of return from an investment, income tax free.But be warned, unless you’re an extremely experienced investor you’re likely to get burned. Professional real estate investors know where to look and how to buy to make significant gains in a market like this, but unless you’re a professional real estate investor you’re playing with fire.One professional real estate investment company is hitting some solid home runs right now. Investing in simple middle class housing and refurbishing each home, adding value to the neighborhood by building parks and playgrounds and making homes more attractive to prospective tenants and buyers, this company is creating it’s own capital gains. Investors, including Roth IRA investors, are securing no money down properties with immediate equity of 15% – 20%, guaranteed returns and the backing of a respected, solid, listed US public company that has an envied record in real estate.So if you’re wondering about your retirement, and concerned about current financial conditions, there are options. Roth IRA investments in real estate are a solid, long term stable investment strategy, even in current economic conditions.But unless you’re an experienced professional real estate investor don’t start making any Roth IRA investments in real estate yourself. Let the professionals who know how to create value in the current market do it for you.Don’t get your fingers burnt. Let the professionals do your real estate investing for you.
Wilt Chamberlain is best known by sports fans as one of the most dominant basketball players of all time. To people less familiar with sports and basketball specifically the name Wilt Chamberlain might have a familiar sound because of his much publicized personal life. What many people do not realize is that before basketball became the focus of his life the first sport that Wilt fell in love with was track and field.Chamberlain was born on August 21, 1936 and grew up in Philadelphia, Pennsylvania where he had eight brothers and sisters that all came from the same parents of father William and mother Olivia. As a youth growing up in eastern Pennsylvania Wilt famously stated that his first reaction to the game of basketball was that he considered it to be “a game for sissies.” The sport that the young Wilt Chamberlain was exponentially more passionate about was track and field.Before even reaching high school age the freakishly athletic Wilt Chamberlain is reported to have high jumped 6’6″ which is a mark that would win most high school varsity track meets. Around the same time Wilt was also putting up ridiculously impressive broad jump numbers that are understood to be as far as 22 feet. For comparison purposes almost all high school track athletes can not reach 22 feet in a running long jump and Wit is reported to have reached that length from a stationary standing broad jump position. The high jumping and broad jumping talents are perhaps to be expected considering what the public now knows about his success on the basketball court, however the track and field prowess that Wilt showed was not confined to jumping events.Thanks to the long strides and powerful running style that Chamberlain employed he was a miraculous middle distance runner as his preteen times of 49 seconds in the 440 yard race (once around a standard track) and under two minutes in the 880 yard distance (twice around a standard track) are exceptional numbers for even a college athlete. Chamberlain excelled at every aspect of track and field including running, jumping, and throwing. He is reported to have tossed a shot put over 53 feet in his youth.Chamberlain matured very quickly and continued to grow at a rapid pace. At the age of 10 the young man was already 6′ tall and when he started high school he was an astounding 6’11″. As a 7’2″ college freshmen playing basketball at the University of Kansas (commonly referred to as KU) the 240 pound Chamberlain could reach 9’6″ into the air just standing flat footed (no tip toes).Wilt took up his first love of track and field at the University of Kansas in Lawrence, Kansas while also playing basketball there. The 7’2″ goliath ran a sub 11 second 100 yard dash and also threw the shot put 56 feet. Despite competing and excelling in both sprinting and throwing his best events were not surprisingly the jumping events as Chamberlain triple jumped in excess of 50 feet and successfully won the Big 8 Conference high jumping competition three years in a row. In the world of track and field it is an extraordinarily rare athlete that can compete at the highest level in the shortest sprints, all the jumping events, and the throwing events. This dynamic collection of talents is so rare in fact that Wilt might be the only man ever to possess this unique skill set.