Posted by admin On February 1st
For Immediate Release – February 1st, 2012- AdvantaIRA Trust, LLC is excited to announce the expansion and opening of their newest office in the Miami area. AdvantaIRA specializes in Self Directed IRAs specifically real estate IRAs and private lending in IRAs. Advanta has been in business in Florida for over 9 years with offices in Fort Myers and Gainesville. The new South Florida office will be located at 950 South Pine Island Road,. AdvantaIRA prides itself on tremendous service and enthusiasm to help clients meet their financial goals. The new office will be led and managed by Kevin Collins, an experienced professional in the Alternative Asset Industry. The Miami phone number is 786-275-5870
For more information on AdvantaIRA Trust and the services they offer go to www.AdvantaTrust.com
Posted by daveowensfl On January 19th
There was an interesting article in today’s Wall Street Journal that detailed Presidental hopeful Mitt Romney’s IRA and what he owns in it. Low and behold Mitt has a self-directed IRA. Mitt holds several private and alternative investments. Most notably in his portfolio is a Bain Capital shares or membership interest.
Mr. Romney has a excellent tax planning team that has layered his investments for liability protection and tax sheltering. The article was correct on many key facts. The article pointed out the IRAs that own businesses are subject to UBIT tax. They were not sure if Mr. Romney was paying UBIT becasue of the offshore corporation that was set up for asset protection. I would assume he is not paying UBIT because that is the way the law does not require if if you own an offshore corporation. Read the rest of this entry »
Posted by admin On January 1st
Dear Friends,
I just wanted to send some great news. Effective tomorrow, we will be transitioning to a new and better business structure. For the last nine years, we have been affiliated with a company out of California where we shared resources, systems and marketing. Because of the economy and other factors, we have mutually agreed that it is in our best interest to operate separately. Effective December 31st, we will be known as AdvanatIRA Trust, LLC. Our goal is to continue as the leader in Self-Directed IRAs. Read the rest of this entry »
Posted by daveowensfl On December 2nd
For immediate release – December 3, 2011 – AdvantaIRA Trust, LLC is proud to assist in organizing the Royal Palm Business Association Food Drive for the Harry Chapin Food Bank. Over 25 local businesses in the Royale Palm Square Blvd Area of Fort Myers are collecting food for the holidays. The final collections will be December 15. If you would like to make a donation please stop by the main drop off point at 1520
Royal Palm Square Blvd #320 in Fort Myers. AdvantaIRA and its staff will come to your office for pickup if you would like to contribute. No Hunger for the Holidays is the theme of this year’s
food drive.
For further information about the AdvantaIRA contact Amy Blanco, or visit the company website at www.advantaTRUST.com or call (239)-333-1031.
Posted by daveowensfl On October 13th
The old saying goes opportunity is the mother of invention, and it definitely holds true for investors in today’s economy . The bank’s pain can be an investor’s gain. We have seen many IRA investors purchase bank foreclosures or REOs, but there is another opportunity with a large upside available to investors.
Many banks have decided not to hold their troubled debt properties to foreclosure, and have opted to instead sell the note and mortgage as an asset. These troubled debts are usually sold at a deep discount, offering the investor great opportunities. Different scenarios for the investor include restructuring the debt with the borrower, or holding the note to complete the foreclosure process. While this investment strategy is not for the new investor, it can be a smart move if you get professional due diligence on the asset. Read the rest of this entry »
Posted by theresaknower On July 5th
As part of their quarterly goal process, Entrust Freedom set a new goal last quarter based on client compliments. For this past quarter, the goal was to score at least 15 in the category of Client Service. For every compliment we received from a client or colleague, Entrust would give itself 1 point. For every negative comment or complaint, they would get a -3. Entrust Freedom has always prided itself on providing superior service, and going above and beyond client expectations, but never tracked it in this way. It gave us the opportunity to reinforce one of our core company values, which is to Constantly Evolve to Improve and Grow.
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Posted by brandonhall On June 7th
On many occasions, I have been contacted by a client who wants to purchase a future home with their IRA. Many have the misconception that once they turn 59.5 years old, they can live in the home. It is possible to purchase a home with your IRA and eventually live in that home, but it is not as simple as just reaching an age milestone.
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Posted by admin On May 11th
When someone hears 1031 exchange, they think real estate, but 1031 is incredibly diverse and flexible with a little planning. One sector of 1031 exchange that has really taken off is GOLD. Yes, you can exchange gold for other gold. Why exchange gold? If it is done properly, you avoid all the taxable gains on your sale. Gold and silver are taxed at a hefty 28%. With a 1031 exchange, you can keep that 28% of your gains in your pocket to reinvest. Also, with gold there is no recapture tax as in real estate.
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Posted by brandonhall On April 14th
If you are under 59.5 years old, you are probably aware that you cannot take distributions from your IRA without paying a 10% penalty to the IRS for early
withdrawal. However, there are situations that would allow for penalty free distributions. Keep in mind, unless it is a Roth IRA, you will still have to pay ordinary income taxes on the distribution. However, assuming you fit one of the
criteria below, you can avoid the 10% penalty. Read the rest of this entry »
Posted by brandonhall On April 5th
The Pension Protection Act of 2006 permits individuals to distribute up to $100,000 directly from an IRA to a qualifying charity without having to recognize the taxable implications of the distribution.
- Who is eligible for a QCD?
A qualified charitable distribution is eligible from any traditional IRA as long as the individual account owner is over the age of 70.5. This provision is time-limited, but has been extended through 2011 through the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.
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