Breckenridge Real Estate Blog

Our beautiful and popular Breckenridge resort real estate can be used as a valuable retirement vehicle.  Breckenridge Associates, experts for real estate in Breckenridge and Summit County Colorado, endeavor to keep clients up to date with real-estate opportunities.  As some people are not familiar with the idea of holding non-traditional assets in a retirement plan, we are going to talk a little about it today.

Investment real estate can be folded into a special IRA or 401(k) vehicle.  For some people, this can be a valuable option for retirement savings.  And Breckenridge, Keystone, and Copper Mountain real estate in Summit County is presently poised to offer a jumpstart on these savings.  As local residents use the current climate to upsize, better deals are becoming available for investors. 

How does the real-estate investment work into a retirement plan?  The option to purchase real estate in a retirement plan has been around since IRAs were developed in the 1970s.  It allows the purchaser to buy real estate and without paying taxes on the profits and gains until retirement age.  It can be woven into an IRA or in a 401(k).  The type of IRA used determines whether the profits are tax deferred or tax free.

There are several intricate guidelines for retirement plans.  Retirement investments are structured by rules that must be followed precisely.  The buyer may not personally use or benefit from the real estate being purchased by the IRA or 401(k).  It must be owned solely as an investment and the owner and his/her family may not vacation on the premises.  In order to avoid any potential issues in the future, it is best for each investor to consult a tax attorney or CPA for tax, legal, and financial advice.

While our recent market has been going through a typical correction, prices have been leveling out allowing buyers to lock in 2007 prices during 2008 and into 2009.  Nonetheless, our resort market values have been steadily increasing over the past 25 years with the exception of a similar plateau in 2001. 

These good prices coupled with great rental potential make Summit County a perfect place to purchase a retirement investment.  As a world-class destination for skiers, snowboarders, and for year-round recreation, rental-property owners and property management companies continue to thrive. 

Jonna Beardsley of Breckenridge Associates offers a wealth of information about real estate in the Rocky Mountains.  Call Jonna at (970) 453-2200 for friendly, professional assistance.