Posted by admin On February 14th
Each year the IRS adjust the rules and limits for IRA’s, 2012 is no different. For any individual who holds an IRA staying up to date on the rules is crucial. Not knowing the rules can result large fines, penalties, and possible the loss of the IRA tax shelter benefits.
For Traditional IRA’s in 2012 nothing has really changed. Contribution limits continue to be $5,000 for individuals under 50 and a $6,000 for individuals over the age of 50. Individuals over the age of 50 are allowed to contribute an extra $1,000 as a ‘catch-up’ contribution because they are closer to retirement age. Read the rest of this entry »
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 kelseydineen On December 11th
It’s the Most Wonderful Time of the Year… time for tax invoices! Now is the time of year that our local counties start mailing those much loved property tax invoices to real estate owners. Recently, we have seen a huge spike in the number of tax invoices submitted for payment. As Real Estate is one of the most popular investments in self-directed retirement plans, we expect to see many more. Have you received your early holiday present this year? If you have a retirement plan invested in real estate, chances are that you already have. Many clients have called in with questions in regards to property taxes and how or if they should pay them. Firstly, if you have invested in Real Estate using your retirement plan, keep in mind that all expenses associated with the property must be paid by the retirement plan. 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 November 22nd
Self-Directed IRAs offer investors unique opportunities to diversify and purchase tangible assets in retirement accounts. Several Real Estate IRA companies have combined efforts to track investment purchases of
real estate or real estate type assets in IRA accounts in Florida. Real estate type assets would include notes/mortgages (private lending), tax certificates or LLCs that purchase real estate. Read the rest of this entry »
