self directed ira: New Health Insurance Law Makes Tax Free Investments Look Even Better - 03/23/10 09:43 AM
 
Whatever you think of health care, it will dramatically change all our lives.   For “higher income” taxpayers that make over $200,000 ($250,000 for a joint return), there will be dramatic changes.  One of the key elements to pay for health care is the “Medicare Tax”.  Congress and President Obama are taxing those “higher income” taxpayers with a new 3.8 percent Medicare tax on all investment income: interest, dividends, royalties, rents, and capital gains.
Also for the “higher income” earners, you will pay an additional .9% on your Medicare income as a federal income tax.  Currently Medicare tax on W-2 income … (0 comments)

self directed ira: Five and a half “No Brainers” to make your IRA Better - 03/12/10 07:05 AM
1. Diversify, Diversify, Diversify.  There is so much educational material and resources on the web there is no excuse not to get started planning.  Think outside the box.  Look at all investments opportunities including real estate, private LLCs, private stocks, commodities and futures.  Don’t limit your portfolio with CDs and stocks.  There are so many choices.
 
2.       2. Make your IRA contributions as soon as possible in the year.  Most IRA savers admit they are going to make a contribution but wait until the due date of their return.  Why not make your contribution 15 months earlier and get those … (1 comments)

self directed ira: What is Going to Happen to Capital Gains? - 02/22/10 07:32 PM

As someone that has been in the tax business for over twenty years, I cannot ever remember seeing any predicament like the tax code is in now.  Most people do not realize but I believe there will be major tax legislation sometime in 2010.  There has to be.  Because of the current stalemate in Congress, there are several problems in the tax code that need to be extended, corrected, or repealed.  I don't want to debate or argue fairness on any proposals.  My experience has taught me there is no right answer but there is an opinion. 
Back in the … (0 comments)

self directed ira: Consolidation - That is the Key - 12/15/09 01:19 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 IRA custodian. 
Currently all IRA custodians are equal in the eyes of the law from stand point that all fall under this IRA umbrella.  Moneys can be moved between custodians tax free at any time.  This called a custodian to custodian transfer.  As long as the money stays under … (0 comments)

self directed ira: 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 IRA custodian. 
Currently all IRA custodians are equal in the eyes of the law from stand point that all fall under this IRA umbrella.  Moneys can be moved between custodians tax free at any time.  This called a custodian to custodian transfer.  As long as the money stays under this … (0 comments)

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 1st, the law will allow everyone, no matter what your income is, to convert to a Roth IRA.
The benefit of converting lies in the fact that distributions from a Roth are tax free versus taxable in a Traditional IRA.  From an investment stand point, a better decision would be to … (0 comments)

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 and telling us what the world used to be like, they were not kidding. Oh my gosh, did I say my parents were right?
Building wealth is a long term process and it is a ton of work.  I think technology has helped us lose sight of how long it … (0 comments)

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 friends or clients - I will keep the political commentary brief.  Whether we like it or not, the society we live in is changing dramatically or at least our view of society is.  On the front page of USA Today, June 17th, they noted a story about an agency that … (0 comments)

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 should have all known.  The interesting things was, the Flippers were not a small group, there were thousands of these “investors” involved in transactions throughout the country.
Unfortunately if you were holding a property around mid 2006, your pumpkin came due and you turned in to a Flopper.  Floppers got upside … (2 comments)

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 Real Estate.  Guess who is making a comeback.  Other popular investments in Self-Dircted IRAs are private notes, LLCs, bank stock, managed commodities and even Gold.  Real Estate is flexing its muscle and growing in popularity daily.  The real estate boom of 2005 has cause maybe one of the greatest real estate depressions of all time. … (0 comments)

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 more valuable during inflationary times.  
Buying Gold in an IRA is easy.  Entrust has streamlined procedure to that make it easy.  The client is free to choose the storage location but many choose the Delaware Depository.  
If you would like more information on how to buy Gold or … (0 comments)

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 addressing the tax treatment of "Ponzi" scheme losses, and Rev. Proc. 2009-20 which provides safe harbor options for deducting these losses. This is a safe harbor rule, which mean it is not law just guidance.  The guidance is welcome relief to the thousands of investors who have lost money in the … (0 comments)

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 they either did not need it or did not want it once the rules had changed.
Last week there were a slew of banks that wanted to pay the TARP money back.  The money was not free at a minimum the banks had to pay 5% for the money.  They … (0 comments)

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 month, we have had an influx of client leave their money managers and move the stock and bond investments to a Self-Directed Account.  With a self directed retirement account you have complete control.
Suprisingly the reasoning was all the same, they were two fold, first of all with the market … (1 comments)

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 that more thany half of the displaced workers leave their money in control of their former company.   There are options for displaced workers.   Use this opportunity to reevaluate make the best of the situation.
Unfortunately most 401ks have a canned set of mutual funds to invest in with few alternatives. 
(1 comments)

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 remodeling which will help invigorate the battered building industry.
For investment real estate now is the time buy, the prices accurately reflect the going rents and properties can cash flow nicely again.  It continues to be a buyer's market no matter how you find d these properties via short sales … (2 comments)

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 and weight on a regular basis, how are we doing with our finances?   It may be time for a routine check-up.
Studies have shown us the average American spends more time annually on vacation planning than on financial planning.  There was also a survey by Aetna claiming 31 percent of pre-retirees … (3 comments)

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 complexity.  If you add the uncertainty our financial crisis and world disorder, it makes you wonder what is our future and whatelse go wrong.  There is much to be thankful for in America while I am lifelong Republican I have never hoped and prayed that someone like President Obama would … (1 comments)

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 schedule to be the worst performing month Wall Street has had in 60 years.
 As we all heard, CNBC is screaming to pull your money out if you plan on retiring in the next 5 years but there is still option to help rebuild your retirement account faster. 
Traditionally the … (3 comments)

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 correction in markets and high inflation.  Many of the economic trends that we are seeing today have not occurred in 60 plus years.  As of writing this article, domestic construction levels are at their lowest since 1945 and in Florida where I live, unemployment is at a staggering 9.2%.
No … (3 comments)

 
Dave Owens, 1031 Certified Exchange Specialist (AdvantaIRA and 1031 Tax Free Strategies)

Dave Owens

1031 Certified Exchange Specialist

Fort Myers, FL

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AdvantaIRA and 1031 Tax Free Strategies

Address: 1520 Royal Palm Sq Blvd #320, Fort Myers, FL, 33919

Office: 239-333-1031

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