According to the Investment Company Institute Research "there are approximately two trillion dollars invested in IRA's." Baby boomers and other wealthy people own a big bulk of this money. Many people have large estates, therefore have other assets to live on, and they will end up passing their IRA's to their family members down the road. These people have not discovered their family could pay as much as 70cents on each dollar they inherit. This taxation is in two forms, estate and income tax on these IRAs--Can this happen to you?

Most of these people do not know they can use their IRAs to purchase real estate. It can be done two different ways. Real estate can be owned within an IRA Plan, but there are restrictions and ultimately income and estate taxes will need to be paid. However, there is a better way to use your IRA monies to purchase real estate and own it outright or you can purchase real estate with other IRA holders and share ownership outside the IRA plan.