Boca Woods Homes for Sale

Thursday, January 08, 2009

H.R. 7327: Worker, Retiree and Employer Recovery Act of 2008 - MRDs Suspended for 2009

A recent federal law temporarily suspends minimum required distributions (MRDs) from tax-deferred savings for policyholders over age 70½. This suspension is for 2009 only and does not apply to MRDs for 2008. If a policyholder turns 70½ in 2009, no MRD is required.

If a policyholder turned age 70½ in 2008, an MRD for 2008 is still required by April 1, 2009. Although MRDs are not required for 2009, policyholders who need the monies can still take minimum withdrawals. The suspension allows funds that would have been withdrawn to continue to grow tax-deferred for 2009. Impacted plans include IRAs, 401(k)s, and other defined contribution plans. The law also applies to distributions under the five-year rule, where beneficiaries are required to deplete the annuity value within five years of the owner’s death. The new law provides an additional year to meet the depletion requirement. Systematic withdrawals taken by IRA owners or beneficiaries under MRD rules can be suspended. However, these policyholders must notify Policyholder Services to cancel withdrawals for 2009 and then restart them for 2010. For legal, tax or investment advice, please consult a qualified advisor.

http://www.govtrack.us/congress/bill.xpd?bill=h110-7327

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BOCA WOODS MARKET UPDATE

In the last 12 months 64 homes closed ranging from a 2 bedroom 2 bath banked owned property that sold for $47,000 (on the market 98 days) to 3 bedroom, 2 ½ bath 3298 living sq ft pool home that sold for $362,500 (on market for 51 days). Currently there are 20 homes on the market ranging from a 2 bedroom, 2 bath 2008 living sq ft Pinewood model (no pool) listed for $99,000 to a 5 bedroom, 6 bath 5361 living sq ft home with pool listed for $897,000. 5 homes are pending, 4 homes are contingent.

MARILYN KNOWS BOCA WOODS

Boca Woods offers great value with spacious homes, many with water views and screened pools. Membership (mandatory) is $55,000 one time, with a portion returned if you move, and there are annual dues around $13,000/year. Clubhouse has been renovated, has a full service dining room and breakfast café, pro shops for tennis and golf, tee time usually available for golf, and many social activities. Located in southwest Florida, Boca Woods is near shopping, medical facilties, turnpike, and all Boca schools are A-Rated. It is an active adult community.

MEMBERSHIP DUES AND FEES AND OTHER EXPENSES

The equity membership due at closing is a fully refundable $30,000 + $25,000 non-refundable initiation fee. Annual dues are $12,900+ tax. Boca Woods features 2 championship golf courses (often no wait for tee time), pro shop, driving range, Har-Tru tennis courts, newly redecorated clubhouse with 3 restaurants, special interest clubs (single, womens) and a fitness center. Valet parking. Dining room requires a spending minimum of $1500/year. A $106 service charge covers tipping. Special Assessment of $113/month for redoing both golf courses.

MARILYN HANDLES LISTINGS AND SALES

Email marilynfjacobs@gmail.com, let her know price range, # bedrooms, location (city, ocean/countryclub/active adult/ inland house condo or townhouse) and move in and move out dates. Tell your friends to call Marilyn. AT THESE LOW PRICES FOR CONDOS AND HOUSES, NOW IS THE TIME FOR YOU, YOUR FAMILY AND FRIENDS TO BUY A PIECE OF THE AMERICAN DREAM, 2ND HOME, VACATION HOME OR PERMANENT RESIDENCE. Call Marilyn at 561-302-3388 and she will find THE HOME OF YOUR DREAMS. Realtor MARILYN JACOBS is licensed with Realty Associates Florida Properties in Boca Raton, Florida.

SIX OF MARILYN'S LISTINGS... LOOK HOW FASSSST THEY SOLD!

Delray Beach Townhouse: under contract in 14 days. Polo Club house under contract same day listed. Polo Club townhouse and condo both under contract in 21 days. House listed with another agent for a year was under contract in 90 days when Marilyn listed it. Smith Farm house in Lake Worth CLOSED in 63 days with endless showings when the market was "DEAD". Both a house in Delray Beach and a townhouse in Boca Raton were sold over the internet by Marilyn. An out-of-town buyer saw 7 properties on the first day out and immediately purchased one. If you click the SOLD SIGN you will see TESTIMONIALS but first copy the URL below so you can return to this blog.

Known as "a kinder, gentler place," where neighbors care about each other

Boca Woods is a well-planned community, with 645 single family homes built between 1957 and 1991, all with golf course or lake views on over 600 acres. Homes have space between them - not zero lot lines. There are no condos or townhouses in the community. 65% of the residents live there year round.

Golf Membership is Mandatory ($50,000 total). Two golf courses are available with guaranteed tee time. Many scheduled activities provide an active social life. There is a clubhouse, pool and 5,000 sq. ft. fitness center with fitness instructor always on duty; personal training and massages available. There are a driving range, professional golf staff, private lessons and clinics. There are 8 Har-Tru tennis courts with two lighted for night play. There is a ball machine, private instructions and complimentary clinics.

Activities include a computer club, singles club and a women's club. There is a breakfast and lunch cafe and pro shop. Location is on the south side of Glades Road on west side of State Road 7 (US 441).