1031 tax exchange: Consolidation - That is the Key - 12/15/09 01:18 PM
Make your retirement investing easier. One of the nice things about the current retirement plan laws is that you can consolidate or diversify your IRAs and in certain situations your 401k plans. A unique benefits of IRA accounts is that you can have as many or a few as one … (0 comments)
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1031 tax exchange: Roth Conversions 2010 – Important considerations - 11/10/09 01:05 PM
The magic day for Roth IRA Conversion is quickly approaching - January 1, 2010. This will usher in a whole new era for investing in Roth IRAs. Currently, if you have adjusted gross income of greater than $100,000, you cannot convert your Roth IRA to a Traditional IRA. Effective January … (0 comments)
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1031 tax exchange: Self Directed IRAs are ‘Reagan-esque’ - 06/17/09 12:54 PM
Concentrated power has always been the enemy of liberty. - President Ronald Reagan
I don't want to be political, but I can feel a change in our Nation and it struck me how it applies to what I do for a living. I have discovered Politics will never make you … (0 comments)
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1031 tax exchange: Oldie But a Goodie - Real Estate is Taking Off - 04/28/09 07:15 PM
What's old is new again. When I started promoting Self-Direction about 10 years ago, real estate was the only asset we talked about. Real Estate IRAs is all that anyone wanted to know about back then. In the Florida Entrust Territory, over 50% of the purchases in retirement accounts where … (0 comments)
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1031 tax exchange: Gold is Hot!!! - 03/27/09 03:15 PM
I always get questions about what the hot investments are today? Precious metals including gold are at the top of the list right now. Many clients have told me that with the current spending of the federal government, inflation is a real concern. Tangible assets like Gold and Real Estate become … (0 comments)
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1031 tax exchange: Bernie's Mess - Deducting Tax Losses from "Ponzi" Schemes - 03/23/09 09:29 AM
Now that Bernie is in the poky and we all feel a lot safer, how do investors treat their losses for tax purposes. The IRS has recently released two Revenue Rulings to help. This ruling applies to all “ponzi” losses not just Bernie’s mess.
The IRS released Rev. Rul. 2009-9 … (0 comments)
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1031 tax exchange: Interesting Trend in Self Direction - 03/11/09 08:09 PM
The nice thing about Self Directed IRAs is that you can buy almost any type of asset. Most Self Directed Administrators (the ones that I know) specialize in Nontraditional Assets (Real Estate, Notes, LLC and other private investments). For the first time, we have seen a unique trend. In the last … (1 comments)
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1031 tax exchange: Wake Up, You don’t have a Job - 01/27/09 03:42 PM
The numbers are staggering on how many Americans have lost their job in the last year. The Department of labor reported 2.6 Million; the ripple effect will be felt for years. The question is asked, what happened to your 401k, who is watching that money. A CBS News study reported … (1 comments)
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1031 tax exchange: Yes -Real Estate Investments are becoming hotter than ever - 01/19/09 08:08 PM
Whether you believe it or not, Real Estate is the catalyst that drives our economy. Where I live in Southwest Florida, real estate is going gang busters again in terms of sales. This is good for a struggling economy, because new home purchase require new furniture and more importantly repairs and … (2 comments)
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1031 tax exchange: Can I Do a 1031 Tax Exchange on Property Held Less Than a Year? - 01/10/09 12:15 PM
Now that the sales of Real Estate have ticked up, the question becomes can I 1031 Exchange new properties held less than one year? The big question the IRS asks is intent. What was your intent with the property and do you intend to make this a long term hold? Unfortunately … (1 comments)
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1031 tax exchange: 1031 Exchange Industry is another Casualty of the Real Estate downturn. - 01/07/09 11:36 AM
While a 1031 Tax Exchange can be the best friend to a real estate investor, its current state is very murky right now. A 1031 tax exchange is a tax code section that allows real estate investors to sell property and purchase replacement property of equal value and defer all the … (2 comments)
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1031 tax exchange: Our Changing World - Happy New Year - 01/06/09 03:03 PM
I am hopefully halfway through my life and at 42 it is amazing to see the changes in our small world today. I think the world I grew up with my parents and their generation is gone and the new world that has evolved is amazing but scary because of it … (1 comments)
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1031 tax exchange: The Choice: Fund Retirement or College - 10/21/08 07:46 AM
I don’t think anyone could have anticipated the economic crisis we are having today. Financial decisions we never thought we would have to make are now are a fact of life. I have many friends that are retirees and are force to make do with extreme hardship because of the … (3 comments)
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