self directed ira: 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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self directed ira: The Rule of 72 – What the Heck is it! - 07/23/09 07:59 AM
How do we make our financial decisions? Why do we invest the way we do and what is the benefit? I think the current economy has put a cold dose of reality in every type of investor. Many of us now realize that when our parents were harping on hard work … (0 comments)
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self directed ira: 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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self directed ira: The Return of the Real Estate Flipper!!! - 05/07/09 12:57 PM
There was nothing better than being a Real Estate Flipper in 2004 and 2005. The Flippers would buy a piece of property today and literally sell it for a 10, 20, 30% return in a matter of days, weeks or months. These returns were unheard of in market history. We … (2 comments)
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self directed ira: 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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self directed ira: 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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self directed ira: 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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self directed ira: Banks & Tarp Money - Get rid of it? It depends - 03/16/09 05:31 PM
As we all know last fall thousands of banks rushed out for Tarp Money. Unfortunately for them the rules on what to do with it were not clear and the Federal Government have change rules as the months have passed. While it might have been cheap money, many banks found out … (0 comments)
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self directed ira: 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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self directed ira: 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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self directed ira: 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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self directed ira: How healthy is your retirement plan? - 01/18/09 08:25 AM
In our changing economic times it is more important than ever to focus on our retirement planning and financial futures. For most of us, we have never seen the wild ride that the financial markets have shown us the last few months. Just as we check our calories, blood pressure … (4 comments)
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self directed ira: 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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self directed ira: 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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self directed ira: Rebuild Your Retirement Now - 10/31/08 07:54 AM
Wall Street’s recent wild ride has severely changed the retirement plans of many 50 and 60 year olds. It has not been uncommon for a future retiree’s stock portfolio(s) or 401k to have been reduced by as much as 50% in the first ten months of 2008. October is on … (4 comments)
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self directed ira: 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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self directed ira: Was your Economic Stimulus Check Deposited in Your IRA? - 09/17/08 10:35 AM
Tax Free Withdrawal may apply
Many taxpayers have requested that their federal tax refund be deposited into their Individual Retirement Account now have found out that their Economic Stimulus Check (ESC) was deposited to their IRA as well. Most do not realize that they may withdraw the ESC tax free. … (0 comments)
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self directed ira: 1031 Exchanges and Foreign Property - 09/08/08 09:04 AM
A common question comes up with 1031 regarding whether you can sell an investment property in the United States and purchase a replacement property somewhere outside the U.S.. According to section (h)(1) of Section 1031 this transaction is disallowed. They do not consider US property and foreign property as like-kind. There are … (1 comments)
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self directed ira: What can I buy with a Self-Directed IRA? - 08/10/08 12:33 PM
Probably the most popular question we get regarding Self-Directed IRAs is what can I buy with my account? The answer is what you cannot buy with your Self-Directed IRA. The sky is pretty much the limit on what you can buy. Typical investors buy Real Estate number one, followed by LLC … (4 comments)
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self directed ira: Southwest Florida - How lucky we are! - 08/08/08 12:56 PM
I was driving around town recently noticing what a nice place Southwest Florida has become post real estate boom. When I was a kid, I was lucky to have my parents bring my family to Sanibel for 2 weeks every Christmas. I have been a full time resident for over 15 … (0 comments)
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