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  • Public Notices (Columbia Star)
    NOTICE OF UNCLAIMED VEHICLES/PUBLIC SALE The following vehicles are subject to towing, repair and/or storage liens; are declared to be abandoned pursuant to Section 56-5-5810,
  • Govt Sets Aside P10M For More Anti-flu Tablets (Yehey!)
    The government allocated P10 million to buy more medicines against the swine flu disease in humans, the Department of Health announced Thursday. Health Secretary Francisco Duque 3rd said President Gloria Arroyo directed his department to get the money from its budget.

 

 

What your financial planner has not told you about a Self-Directed IRA

Joshua Geary

IRA investments do not just have to be about stocks, bonds and mutual funds. If you open a self directed IRA account with an appropriate self directed IRA trustee, as its owner you are entitled to make your own investment choices, including investing in business or real estate opportunities.
Why hasn't your financial planner told you about this? Financial planners will advise on opening self directed IRAs and other self direct retirement plans, but normally use banks and institutions that tend to limit clients to investing in their own product range. However, if you have experience in investing, or an entrepreneurial flare, you will realize how limiting this can be. A self directed IRA with an independent IRA trustee can open up a vast range of prospective investment opportunities to you.
For example, if you choose to self direct your IRA with a non-traditional IRA trustee, then you can buy a real estate investment property with your IRA funds. Not only can you purchase a real estate, but also you can also purchase a business. Using your funds to buy real estate or having IRA real estate holdings enables you to use the gains, both profits and capital, as part of your IRA and enjoy the tax advantages. It is important to get professional advice on how to set up your Real Estate IRA so that your funds can be legally invested through your IRA and used to build up your retirement funds, otherwise you could be found to have made early distributions from your IRA and be subject to severe IRS penalties. A self-directed IRA expert can show you how to run transactions through your IRA so that your retirement funds remain in compliance with IRS Regulations and so you can avoid prohibitive transactions.
Excerpt from the IRS flagship website www.irs.gov:
Are there any restrictions on the things I can invest my IRA in?
The law does not permit IRA funds to be invested in collectibles.
If your IRA invests in collectibles, the amount invested is considered distributed to you in the year invested. You may have to pay a 10% additional tax on early distributions.
Here are some examples of collectibles:
Artwork, Rugs, Antiques, Metals - there are exceptions for certain kinds of bullion, Gems, Stamps, Coins - there are exceptions for certain coins minted by the U.S. Treasury, Alcoholic beverages, and certain other tangible personal property.
Check Publication 590, Individual Retirement Arrangements (IRAs), for more information on collectibles...
Finally, IRA trustees are permitted to impose additional restrictions on investments. For example, because of administrative burdens, many IRA trustees do not permit IRA owners to invest IRA funds in real estate. IRA law does not prohibit investing in real estate, but trustees are not required to offer real estate as an option.
(Excerpt taken from http://www.irs.gov/retirement/article/0,,id=111413,00.html)
There are many different kinds of real estate opportunities available nowadays to the prospective investor. Examples include -
* Timberland
* Commercial Real Estate
* Foreclosures
* Tax Certificates
* Discounted Real Estate Paper
* Other real estate like products
In all of these areas, a competent and experienced Self Directed IRA Specialist can show you how to set up an investment strategy to legally avoid the common pitfalls of investing in non-traditional assets with an IRA. Your investment future depends on it.

With 9 years of Internet marketing experience and owning 3 profitable online businesses, Joshua Geary is among the most read authors on the Net for self-directed IRAs. He brings his knowledge of the marketplace to anyone willing to surpass personal goals everyday! Visit Asset Exchange Strategies online at http://www.MyRealEstateIRA.com

PARK CITY '06: Hilary Brougher: "I Flirted With Being A Painter But Realized I Needed A Medium Involving Lots Of Other ... (indieWIRE)
Every day through the end of the Sundance Film Festival , including weekends, indieWIRE will be publishing two interviews with Sundance â06 competition filmmakers. Sixty filmmakers were given the opportunity to participate in an e-mail interview, and each was sent the same questions.
Public Notices (Columbia Star)
NOTICE OF UNCLAIMED VEHICLES/PUBLIC SALE The following vehicles are subject to towing, repair and/or storage liens; are declared to be abandoned pursuant to Section 56-5-5810,
District, Murrysville Prepare For Redstone Tax Appeal Case (Murrysville Star)
Local officials want to make sure that their lawyers have all the right tools to fight a property-tax appeal case.  read more »
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Brooke Astor, who died two years ago, is at the center of a tug of war over her family?s fortune. A high-profile quarrel in 1959 involved the same issue in the same family.
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Area real estate agents attend state development meetings Wanda Duncan of Realty Executives of Cape County, Brenda Miller of ERA Realty, Jim and Jan McClanahan of Coldwell Banker/Abernathy Realty and...
Quick Bankruptcy Fix For Rhodes (Las Vegas Business Press)
Despite a rancorous start to the case, the Rhodes homebuilding companies stand poised for a relatively quick exit from Chapter 11 bankruptcy.
Protect Your Retirement Amid Job Transition (Tulsa World)
Today's economic and market environment has prompted many Americans to rethink their retirement strategies. If you are experiencing a job transition â particularly if the transition is unplanned and unexpected â such a reassessment may be particularly important for you.
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Signs are growing that the nation's deep economic recession may have struck bottom. Consumers are back in business, increasing spending at a 2.2 percent rate in the January-to-March quarter after six months of retrenchment, and businesses seem to have gotten rid of most of their unwanted inventories with a massive $104 billion liquidation, according to a report Wednesday from the Commerce ...
Public Notices (Columbia Star)
NOTICE OF UNCLAIMED VEHICLES/PUBLIC SALE The following vehicles are subject to towing, repair and/or storage liens; are declared to be abandoned pursuant to Section 56-5-5810,
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A list of things to do this weekend.
Capital Gold Group 'Demand For Gold IRAs Doubled In 2009' (PR Newswire Via Yahoo! Finance)
Capital Gold Group, Inc., a premier provider of gold and other precious metals assets, confirmed today that demand for precious metals in self-directed IRAs has more than doubled since January 1, 2009.
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Allegheny County Ordered To Reassess All Properties By State Supreme Court (Pittsburgh Tribune-Review)
The state Supreme Court ruled Wednesday that Allegheny County must reassess all properties in the county, but County Executive Dan Onorato noted the justices didn't say when or how.
Rhodesâ Lenders Want Him Out (Las Vegas Sun)
Rhodes Homes President Jim Rhodes is accused of misappropriating money by creditors who want him removed to prevent what they say is continued mismanagement. A bankruptcy filing alleges questionable activity, possibly even criminal, in the weeks leading up to the Chapter 11 bankruptcy filing March 31.
Govt Sets Aside P10M For More Anti-flu Tablets (Yehey!)
The government allocated P10 million to buy more medicines against the swine flu disease in humans, the Department of Health announced Thursday. Health Secretary Francisco Duque 3rd said President Gloria Arroyo directed his department to get the money from its budget.
More People Turning To Self-directed IRAs (The Salt Lake Tribune)
Tidwell says that Utahns who have lost their 401(k) nest eggs or done poorly in the stock market are seeking nontraditional investment options. Since September, the Bank of Utah has seen a 15 percent increase in the number of self-directed IRA accounts.
Capital Gold Group Sees 'Gold Affiliate Program' Soar For 3rd Year (PR Newswire Via Yahoo! Finance)
Capital Gold Group, Inc. announced a 300% increase in financial advisor enrollment into its "Gold Affiliate Program" in the first quarter of 2009, the first known program of its kind in the U.S.
Old Blanket Chest Nets $29K At Real Estate Sale (The Daily Item)
For 60 years, Ira A. Eister cherished the hand-painted blanket chest that had been passed down to family members through the years.