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Planning Your Retirement with Your Atm Machine Business



planning your retirement

Are you planning your retirement? Seriously. How many of us self-employed real estate investors or just self-employed in any type of business are REALLY planning for retirement? Are you being truly effective at planning your retirement? Could you be doing more to plan your retirement? I know I could be doing more to plan for my retirement.

So I was in the shower today (remember! I do my best thinking there) and a thought occured to me: “You know I’m trying to get folks to use self-directed ira’s to invest in my commercial real estate deals, so why couldn’t I use my own self-directed ira to invest in my atm machine business?”

Now, I have to run this by the self-directed IRA company that I plan on using (Equity Trust) but if the guy I’ve been dealing with, who has been amazing by the way (Matt) says it’s an ok investment for my ira then it’s something I am seriously going to do (and I just told Kathy about it too!)

Do you guys have any idea how huge this is…IF in fact I can invest my ira into my atm machine business?? Planning YOUR retirement just got easier too; if this is in fact an acceptable investment strategy for your self-directed IRA.




Just an example how planning your retirement with your atm machine business would work:

– You have 10k in a self-directed ROTH IRA (I love the ROTH IRA.)

– You find a business that you think would be an awesome spot for your atm machine.

– You have your ROTH IRA pay for the machine, pay for the modem, pay for any stickers, extenstion cords, etc. ($2500 max)

– You have your ROTH IRA put let’s just say $1,000 into your atm machine to start (that’s how we start most of our new atm’s that we place.)

– You begin to collect the surcharges from the machine every month and that gets deposited into your ROTH IRA (after you pay your bills which most likely will just be a $15 modem charge.)

Rinse and keep repeating because the entire time you’re actually planning your retirement. Over and over and over again.

Now with our atm machines we’ve been averaging about $200 a machine per month. So that’s 20% a month per machine. Imagine you put that $200 back into your self-directed ROTH IRA every month; year in and year out for as long as you have your atm machine. That’s 20% of your $1000 going back into your TAX FREE roth Ira. Is that not an awesome plan to consider when planning your retirement?

If you then decided that you wanted to get out of the atm machine business then you would sell your atm machine to someone else who wants to potentially use the atm machine business to plan their retirement. Of course, 100% of those profits must go right back into that TAX FREE ROTH IRA! hehehe I like saying that….TAX FREE!

Planning for retirement I think just got a wee bit easier folks. For me anyway 🙂

Just a note: If you were interested in converting your traditional ira to a self-directed Roth Ira then you will have 2 years to pay the conversion taxes. So you can pay 1/2 in 2011 and 1/2 in 2012. Btw, I am NOT an accountant nor am I giving you finanical advice. Please consult with your accountant to verify all of this information 🙂 (This also applies, I believe if you are converting your self-directed traditional ira to a self-directed roth ira. You have the 2 years to split up the conversion fee.)

If you have any questions about how you can use your atm machine business when planning your retirement please post them below!

Soooo what do you think? Are you excited as I am about this method when planning your retirement? Also, I’m thinking that this would be a good way to go when partnering in atm deals.

What do you folks think?

planning your retirement with your atm machine business

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