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Are congressional Democrats talking about confiscating IRA and 401(k) investment accounts?


by factcheck.org

 

Q: Are congressional Democrats talking about confiscating IRA and 401(k) investment accounts?
My mother has recently brought up a rumor that Nancy Pelosi and Harry Reid endorse a plan for the government to take people's 401Ks to make up tax dollars. Is this true and where did my mother get the information? (she can't tell me).

A: No. There's no plan to seize these accounts. One House witness at a committee hearing proposed to allow some people to trade their old accounts for a new type that would be less risky.
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We've had many queries about this doozy. They all lead back to a Nov. 4 report posted by the Carolina Journal, a publication of the conservative John Locke Foundation of Raleigh, N.C. Its headline proclaimed, "Dems Target Private Retirement Accounts: Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs." The report… read more

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Vendor Seminars

LIVE Gov't Real Estate Seizure Auction! 3 Day Workshop


by Tony Zavala (www.ITFtraining.com) | July 15th, 18th, and 21st

 

One of the least known Real Estate investing strategies is Federal Government Seizure Auctions. I’m sure you’ve heard about IRS, US Treasury, Customs, and Criminal Seizure Auctions, but how do you find these auctions, how do you research them, how do you bid on them? What’s it like to attend a LIVE auction?

 

July Ca$hflow 101 Game Night (No Game for June)


by Tony Zavala (www.ITFtraining.com) | Wednesday, July 28th, 2010

 

Want to play Ca$hflow 101? Game night is the last Wednesday of each month. Come learn what it takes to get out of the "Rat Race"! All are welcome!

 

Bexar County Foreclosure and Tax Auction


by Tony Zavala (www.ITFtraining.com) | Tuesday, July 6th, 2010

 

Ever wanted to go down to the Bexar County Foreclosure and Tax Auction? Here's your chance to learn what it's all about!

 


by SAREIA Chief Administrator |

 

If you have experience and are interested in moderating a Special Interest Group at SAREIA. Call the Administrator at (210) 662-0297


 

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SAREIA Free House Fund

Free House Committee Announces NEW Raffle Winner


By Kathleen Fry

 

Congratulations to raffle ticket holder Lynn Hogan! Lynn’s name was the lucky draw at the January 8th general membership meeting and was just shipped her winning prizes! With true investor entrepreneur intent, Lynn chose an educational program over the flat screen TV. She is now the proud owner of a complete home staging program.

 

To date, SAREIA members and friends have helped raise 18% of the $50,000.00 goal raising over $9700.00. Once the goal is reached, the Free House Committee will acquire and rehab a house to be given away to a needy and deserving family in a grand community celebration event.

 

The Free House Committee members recognize and thank the following individuals and companies for their generous support of this exciting project:

 

SAREIA guest speaker Larry Goins purchased ten raffle tickets and then purchased another 30 tickets for those who purchased his program after his (November?) presentation. When he won the first raffle, he donated his prize back to SAREIA! Way to go Larry Goins!

 

Free House committee member Marsha Bane provided some important FHF printing and promotional materials. She also donated a home inspection certificate courtesy of Jimmy D. Wiley from Gold Star Home Inspection Services. In addition, Marsha donated a dinner for two gift certificate at the Pompeii Italian Grill. Thank you Marsha!

 

Thanks to the generosity of Mr. Brian McCoy, Chairman and President of McCoy’s Lumber company, his company is donating the materials for the Free House rehab! This is a significant help toward the Free House Fund rehabbing costs. Thanks and double thanks Mr. McCoy!

 

APIA’s Gloria Kelly is providing vacant house insurance for the house once it is acquired!

 

Mission Landscaping’s Eddie Ortiz is donating landscaping services for the Free House!

 

Nathan Long of Entrust will provide his entire proceeds for a self-directed IRA seminar he will be teaching on February 13th. This MCE approved class costs $29.00 per student.

 

Bob and Shelia Morse of HouseFixers have offered their home rehab evaluation expertise to the project.

 

The Walthall Foundation, with the help of Kathleen Fry, trustee, provided a $3,000.00 grant to the Free House Fund.

 

Can you drive a nail, fix a roof, raise money, promote a worthy cause, inspect a house? SAREIA members are invited and encouraged to share their time and talents with the fabulous Free House project. You don’t have to join the committee to help! If you would like to join the committee, meetings take place every other Monday evening at the Mitch Steven SAREIA office.

 

Will you help a needy family in San Antonio with a new home? - We will!

 

If you would like more information contact us at 662-0297.

 

 

Upcoming Meetings

General Meeting

 

09/07/2010


SAREIA presents "(WEATHER CANCELED)September General Meeting and Investor Mixer has been canceled due to weather."

 

Investor's Mixer and Social at PANCHITO'S MEXICAN RESTAURANT Tuesday, September 7th (WEATHER CANCELED) 7:00pm Panchito's Restaurant 12403 West Ave, San Antonio, TX

Education Meeting

 

07/28/2010


SAREIA presents "Cashflow 101 Game Night!"

 

Come have fun and learn how to "Escape the Rat Race!"

 

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Membership

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SAREIA can help you become a successful real estate investor. Hereç—´ how:

  • Free admission to all meetings!
  • Exclusive discounts to your favorite local businesses!
  • Access to deals from other members!
  • Free education and training opportunities!
  • And much more!

 

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SIG Meetings

SIG

Leader

Date

Cashflow 101

Tony Zavala

Every Last Wed

Commercial

Leader Needed

Call (210) 662-0297

Landlord SIG

Harold Johnson

Call (210) 662-0297

Loan Modification

Robert Ramirez

Call (210) 662-0297

Pre Foreclosure

Charles Common

May 25 7:00 PM

Short Sales

Robert Ramirez

Call (210) 662-0297

 

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NREIA

Did you know that SAREIAis a member of the National Real Estate Investors Association (NREIA)?

 

The National Real Estate Investors Association's mission is to educate and support the leaders of real estate associations through training, networking, motivation and provision of benefits to their associations.