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 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
“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 investment for the Self Directed IRA investor is private lending. All interest paid to the private note is tax free to the IRA (or lender in this case).
What is investing in notes or private lending? While no investment is guaranteed, notes give investors the ultimate control. Let me give you a quick example of private lending with an IRA. Most investors do not know that you can be
the bank. Your IRA account can lend money to non-related parties. 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 »
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 danfisher On May 18th
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 checks on behalf of the LLC. Read the rest of this entry »
Posted by danfisher On May 16th
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. Read the rest of this entry »
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 »
