Author Nick: Paul Whitacre
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So the BP oil disaster has created a lot of news in the past few months, which it should. The utter disaster that the oil spill has created is one that has never been seen in the United States. Along with that, the news has cast a wide net over all major media outlets and [...]
With all of the home foreclosures on the market, many Real Estate investors and potential new home owners are looking to the bank-owned property market as a way to get a ‘steal’ on a piece of property. While in many cases this can be a great way to obtain a potential rental property, vacation home, [...]
According to Bloomberg and Reuters, the housing recovery is “on course”. Housing starts are up 1.6% this month, the highest increase since February 2008. Builders are breaking ground, homes are being built. The economic recovery is supposedly on the rise…yet no one is mentioning anything about the shadow inventory. Shadow inventory? The “shadow inventory” of [...]
You may have heard that income limits have been removed on Roth IRA conversions. This could be some of the best news you ever hear that can actually make you wealthy. I am not kidding. This isn’t a time to be joking about a wealthy IRA or retirement. You can now do what some of [...]
With a majority of Americans having a large, if not scary, amount of their retirement IRAs and 401(k)s invested solely in stocks and bonds, it begs the question to ask if Obama is brazen enough to seize these accounts. The point should be that no one has the right to another person’s hard-earned money, with [...]
Real Estate always bounces back. It is a simple, yet core component of the ever-increasingly difficult to measure United States economy. With the simple measurement of the housing economy, one can dictate whether or not a recession has ended or if it has double-dipped into a real depression. With Real Estate as a measurement, the [...]
So there are new issues arising that are severe with IRA custodians scamming their clients out of money. In the New York Times, the article describes that Fiserv has been caught up in Ponzi Schemes and IRAs not just with Bernie Madoff. The thought was that no one could ever run scams that would include [...]
Commercial Real Estate is a baseline for what the economy is doing in the long run. As commercial properties and investments sink further, the barren storefronts that line hundreds of millions of square feet of retail space sit empty with no hopes of population in the near future. Employeees who have been laid off, small [...]
Alt-A Real Estate mortgage crisis looms like a tidal wave that makes the subprime mortgage crisis look like a ripple in a pond. So how does this affect you, the average real estate investor? First, you have to define what an Alt-A mortgage is and what it is going to do to the fledgling recovery [...]
Stimulus, stimulus, stimulus. That’s all we hear every day now. As the outrageous and skyrocketing unemployment numbers rise, we hear more and more about stimulus. The cries grow louder as the shouts for proof of success are stomped down by those inside the beltway in Washington. So to their point: did the stimulus actually help? [...]
So Oil is expected to reach $100 here very soon and it is sitting currently at $80 dollars a barrel for light, sweet crude oil. As I say that, I think back to why I as a Real Estate investment person is focusing on the world oil market. Let’s look at some facts of the [...]
Self-directed IRAs are often referred to as Checkbook IRAs because of the funds made available to an investor’s checking account. This freedom to use your IRA when you want is a great asset to converting a traditional IRA to a self-directed IRA. There is nearly 3.6 trillion dollars currently in self-directed IRAs nationwide. That means [...]
Everyone knows that simply doing just a little bit of research and a small amount of planning can go a long way to securing oneself a wealthy IRA and retirement. Take a look at different IRS publications about each type of investment you’re considering as a basis for the research as well as following specific [...]
It is a belief among some commentators that your children are not as financially aware as you, their parents. Whether you agree or disagree, and if that is the case, one of the best pieces of advice that you can give your children is the value of a Roth IRA. Teaching children how to invest [...]
For those who have IRAs, including self-directed, Roths, and traditional IRAs, you should know that Congress passed and President Bush signed a major pension law in 2006. Some of the features of that bill may be very important to Individual Retirement Account investors. These are significant changes that can really affect your overall contribution limits [...]
If you have not made your 2010 contribution, you still have time to act. Remember that the deadline for making your 2009 contribution is Wednesday, April 15, 2010. By making your contributions as early as possible, you maximize your tax-free/deferred return. Not only that, but you no longer have to worry about it through the [...]
Accounts from pension plans, like 401(k) accounts, may be made via a direct transfer to a Roth IRA, rather than having to go through a Traditional IRA. This is a great feature since the elimination of extra steps will save you time, which ultimately saves you money Another feature now available is to have your [...]
The housing market is in trouble. Real trouble. It still is even after the bank bailouts on Wall Street, even with the full backing of the Federal Government supporting Fannie Mae and Freddie Mac, and with so many Americans scared stiff about their own home mortgages, we have to be very careful what decisions we [...]
What do you, the average investor, think is going to be the next big revenue boom? “People who see jobs evaporating in other companies and other industries tend to ratchet back their own spending, economists say-an understandable response, but one that could drive down the local economy even further,” according to previous reporting by Seattle [...]
I want to share with you the basic responsibilities as one who plans on setting up a self-directed IRA. Understanding these basic facts will make tax time and investing much easier with your self-directed IRA. If you are using someone who will manage your self-directed IRA, these points will be very helpful.Fair Market Value: As [...]
