Advanta IRA Trust – Real Estate IRAs

Press Release – February 15, 2011.  Dave Owens, CPA, CES is proud to announce his newest publication, TFS Briefs.  TFS Briefs focuses on current news and technical topics that will help investors save money by thinking outside the box in their investment approach, particularly in terms of retirement planning.  These Briefs will be used by individual investors as well as professionals, including accountants, attorneys, financial planners and realtors.  The first four Briefs have been posted online and cover the topics of Prohibited Transaction, Required Minimum Distributions, IRA Contributions 2011 and 1031 Exchanges.  To read the current TFS Briefs, please visit www.tfsBriefs.com. 

TFS Briefs is written to examine topics used by individuals interested in understanding and taking control of their financial situation, covering topics ranging from investing in real estate, retirement planning, and changes in tax law.  Going forward, TFS Briefs will be written monthly and disseminated to subscribers.   To subscribe to TFS Briefs, please visit www.tfsBriefs.com. 

Dave Owens, CPA, CES is Managing Member of Entrust Freedom, LLC and  can be reached at 239-333-1031 or owens11@entrustfreedom.com.

How do we make our financial decisions? Why do we invest the way we do and what is the benefit?  I think the current economy has put a cold dose of reality in every type of investor.  Many of us now realize that when our parents were harping on hard work and telling us what the world used to be like, they were not kidding. Oh my gosh, did I say my parents were right? Read the rest of this entry »

Big News for 401k Participants.  You may have heard about the special conversion rules that allow traditional IRAs to be converted to Roth IRAs in 2010 with a 3 year payout for the taxes.  If you are not aware, a Roth account is a tax deferred account that is funded with after tax dollars.  A Roth continues to grow tax free, but the homerun is that all distributions are tax free after age 59 ½.

Most participants don’t realize that a 401k can also have a Roth Account.  But with a Roth 401k you could not do any type of conversion from the tax deductible account to the Roth 401k.  Read the rest of this entry »