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 [...]
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 [...]
“Dave, what can I invest in to get some better returns?” – This has to be one of the most common questions I get. Who wants to get 1 percent on a CD? Everyone wants the perfect investment. While I don’t sell products and I don’t get a commission, I will tell you a solid [...]
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 [...]
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 [...]
A growing investment and strategy in a Self Directed IRA’s are Single Member LLC’s sometimes called IRA LLCs or Checkbook LLCs. Single Member LLC’s present a very unique opportunity for the savvy investor. Single Member LLC’s are often referred to as Checkbook Control LLC’s. This is due to the fact that the IRA owner has the ability to write [...]
Understanding and following the rules of Roth IRA’s is complicated enough in its own right, trying to keep up with the yearly changes makes it even more difficult. Although there weren’t too many changes to IRA rules for 2011 there are a few significant ones that should be noted.
Under the current law, a reverse 1031 exchange can be accomplished by following Revenue Procedure 2000-37. Under this technique, the Exchangor or Client typically purchases their replacement property before they have secured a buyer for their exiting property, and parks title to the replacement property with an Exchange Accommodation Titleholder (EAT). Most Qualified Intermediaries also [...]
February 2, 2011 – As I got ready to head to the Chicago Office for a two day trip, I checked the weather, and it was the typical winter forecast of 25 degrees with flurries. That was 24 hours before I left. As I was headed the airport at 7am on Monday, I was listening to the news and discovered I was headed to the Blizzard of the Century. What are the odds? This blizzard was interesting because they had thunder snow. Seeing Thunder and Lightning in the middle of a snow storm is freaky. I am now stranded in Chicago for two extra days.
We’ve got less than two months before the current Federal Estate Tax and Generation Skipping Transfer tax rules expire. That means that as of today we do not know what the estate tax rates will be after 2010 and with Congress on (another) break it looks less and less likely that the current Estate tax laws will be extended beyond 2010. Unfortunately we do not know if the Estate tax laws are going to return to pre-2001 numbers or if an entirely new set of Estate tax laws will be implemented in including the possibility of retro-actively collecting estate taxes. This fact is what is causing the current state of confusion and uncertainty amongst many individuals, attorneys, and CPA’s.