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St Kitts Citizenship benefits boost demand at new $100 million Caribbean resort

St Kitts Citizenship benefits boost demand at new $ 100 million Caribbean resort











St Kitts & Nevis, Caribbean (PRWEB) October 31, 2009

St Kitts Citizenship is boosting demand for luxury villas, poolside cottages and condominiums at the $ 100 million Ocean’s Edge resort development at Frigate Bay, report luxury property experts Savills Select Resorts.

Privileged St Kitts Citizenship with all its second passport benefits is proving to be an added incentive for buyers keen to invest in aspirational but accessible property on one of the world’s most beautiful islands.

Citizenship of St Kitts brings with it a second passport plus significant offshore financial benefits such as freedom from income tax, property taxes, inheritance tax and capital gains tax for property owned for 12 months or more.

It is open to people who invest at least $ 350,000 or its eastern Caribbean equivalent currency in an approved scheme. Ocean’s Edge is officially recognised by the Government of St Kitts as meeting all the necessary criteria required.

Savills Select Resorts Director Pauline Bonanni said: “Investing in property must be one of the most cost effective ways of gaining the considerable benefits afforded by St Kitts Citizenship.”

“Prices at Ocean’s Edge start in the mid-$ 300,000 range, for which investors gain St Kitts Citizenship, second passports, tax concessions and a home on a Caribbean paradise listed as one of the world’s top 20 islands on which to live.”

Work on Phase 3a of Ocean’s Edge is due to start shortly. Masterminding the project is the Cable Bay Hotel Development Company (CBHDC). Families are already moving into Phases 1 and 2 at the resort which has been praised by St Kitts Prime Minister and Minister of Tourism, the Hon Dr Denzil L Douglas.

Phase 3a of the vacation home development includes:

    Bespoke Villas – 32 villa lots starting from US $ 200,000 with a cost of approximately US $ 300 per square foot to build a bespoke villa with fantastic ocean views
    Poolside Cottages – 10 two-bedroom semi-detached, single-storey cottages (approx 1,825 square feet), each with their own small garden and private plunge pool at US $ 525,000
    Hillside Condominiums – two-bedroom condominiums with plunge pools (approx 1,500 square feet), overlooking the ocean, from US $ 575,000
    Two-bedroom Beachfront Condominiums, approx 1,650 square feet, from US $ 609,000
    One-bedroom Beachfront Condominiums – 800-900 square feet, from US $ 359,000.
In total, Ocean’s Edge will comprise 190 condominiums plus 32 lots for bespoke villas. Completion is scheduled for late 2012.

Clients with an interest in purchasing property can participate in a three-night subsidised inspection trip to experience St Kitts and Ocean’s Edge. For more information, please contact Pauline Bonanni, Savills Select Resorts, +44 (0)1202 765011.

Information For Editors:

http://www.oceansedgestkitts.com

International Sales Office

Savills Select Resorts

Telephone: +44 (0)1202 765011

About Ocean’s Edge

Ocean’s Edge is a luxury vacation home development in St Kitts overlooking Frigate Bay.

The 40-acre project comprises 190 condominiums including one-, two- and three-bedroom beachfront units, two-bedroom hillside units, two- and three-bedroom poolside cottages. In addition, 32 villa lots offering some of the finest views on the island are available with the option of building a three- or four-bedroom+ villa. Planned leisure facilities include a fitness centre, restaurant, pools, tennis courts and landscaped recreation spaces.

Ocean’s Edge is owned by the Cable Bay Hotel Development Company Limited – a consortium of stakeholders comprising Newfound Cable Bay Corporation and locally based partners TDC Ltd, Mansha Ltd and SKNA National Bank Ltd. Ocean’s Edge is located within 10 minutes of RL Bradshaw International Airport which welcomes non-stop flights from New York (JFK), Miami FL, Atlanta GA, Charlotte NC and San Juan PR. British Airways has just added a second direct service from London Heathrow. Islands Magazine (2007) listed St Kitts as one of the top 20 islands on which to live worldwide.

Robb Report’s Vacation Homes Magazine (October 2008), listed the island as one of 10 great places where the best time to buy is now.

For further information, to set up an interview or receive a media kit and/or images, please contact:

Dalia Blumenthal, Publicist

Tel: + 1 416 926 1967

Mobile: + 1 416 788 4573

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Posted on July 13, 2011 by , Reply

Roth-Ira, Making Your First Million Dollars

It boggles my mind how many people out there have no idea what a Roth-Ira is. They simply assume the only tax efficient way to invest is through company sponsored 401k plans. Oh how people are wrong! Roth-Ira’s are the bread and butter of any wise investment plan. It is the only investment vehicle where you invest post-tax dollars and will never be taxed again on the money you initially put in or future earnings.

Now, to make this clear, let me back up. When I say a RI is an “investment vehicle,” I’m saying that’s it’s a method for holding other investments. An Ira by itself is not an investment. One would utilize a Roth-Ira for a wide variety of investment choices. It’s one awesome investment tool!

Let’s get down to the basics:

-A RI is an investment vehicle that holds investments within it. It’s a vehicle for other investments. Think of a Roth-Ira like a car. The passengers within the car would then be your investments like CD’s and stocks. A Roth-Ira is only an account that holds investments within it. You can invest in a wide range of investment choices including: stocks, mutual funds, CDs, money market funds, index funds, and ETF’s.

-It can be opened virtually anywhere. Banks, online brokers, mutual fund companies, pretty much anywhere you look you can open a Roth. For banks, I recommend a small scale credit union in your local area. For discount brokers, I recommend the Vanguard Group. And for mutual fund companies, I recommend the Vanguard Group again haha. Yes, Vanguard is pretty much “baller status.” They have the lowest fees by fast and have the widest range of fund options out there. Just do yourself a favor and start investing through Vanguard. They truly are on your side.

-You get your choice of investments to place within the Roth. This is where the beauty is! You can have literally ANY type of investment in your Roth-Ira account. If you are conservative, I recommend CD’s though your local credit union. If you’re a little riskier like me, I recommend index/mutual funds though a discount broker. And if you’re seeking adrenaline, you can purchase individual stocks through a broker. Isn’t freedom amazing?

-RI contributions are post-tax dollars, so you never pay tax on your investments ever again! People get this confused all the time. A Roth is the only investment vehicle that take your post-tax money, invest it, and is never taxed again. Yes, you heard me right. Even your capital gains are never taxed. This means your money grows tax-free indefinitely, so start investing TODAY.

-You can withdraw your contributions, penalty and tax free. This really is an awesome benefit to a Roth-Ira. It’s a peace of mind for me when money gets tight. I almost see it as a backup emergency fund. Although I have an official emergency fund, it’s nice knowing that I can take out money from my Roth-Ira tax-free unlike 401k plans which you can never touch. I want to make it clear though, although you can take out your contributions, you may not touch the interest made.

-Catch up contributions available. This is an added benefit for older investors. If you;’re age 50 or older, you may contribute an extra ,000 to your Roth-Ira account. The federal government understand that one may not have invested in their younger years so they provide a way to “catch up.”

-Relatively high income limits. Unless you make an obscene amount of money, thee accounts are great for millions of American investors. The government has set income caps for investors, preventing high earners from tax sheltering their money. As a single, you can contribute to your Roth-Ira if your income does not exceed 2,000. If you’re married, your household’s income cap is 9,000. It is highly improbable that you will ever make this much, so the average American does not need to worry. If you were making that much money in the first place, who needs a RI anyways right?!

-Ability to open multiple Roth-Ira accounts at multiple locations. Although the maximum you can invest to a Roth-Ira is ,000 for 2011, you can have multiple accounts at various institutions. However, this is not wise. It can get complicated and messy when it doesn’t have to be. Also you run the risk of exceeding your yearly contribution cap. And this means huge tax implications! So keep things simple and open all your accounts in a single location such as a local bank or online broker like TradeKing.

-Low or no management cost. This is a huge selling point for a Roth-Ira. They have little to no management and upkeep fees. Many brokers and banks have a minimal annual fee on an account but many waive this. And if you keep it relatively low cost with index/mutual funds, you’re looking at fees ranging from.01-1%, depending on what you choose. For example, I like to stay widely diversified, so I hold a “fund of funds” in my Roth-Ira. It’s the Vanguard 2050 Target retirement fund. It has a fee of.19%, which is negligible to me. I recommend you search out the lowest fees possible in your quest for Roth-Ira funds.

Now, where to open a RI account?

You have a myriad of investment choices. You literally can open one almost anywhere. It all comes down to what investments you want to make.

If you’re looking for strictly conservative investments like CD’s, I would say just walk down to your local credit union and open an account with them.

If you’re looking for mutual funds, ETF’s, and index funds, I would recommend Vanguard. I use them for the majority of my retirement accounts. They have the lowest management fees out of anyone I know. Also, ETF trading is FREE with Vanguard. I’m an advocate for ETF investing vs. individual stocks picking, which I also call gambling haha. There’s no such thing as easy, quick money. Investing for the long haul is the only way to do it!

If stocks is your game, go with TradeKing. They are rated one of the top three online discount brokers. I have a personal “play money” account with them. They have low trading fees (.95) and no hidden fees. Their trading platform is great and they have a wide variety of investments including stocks, mutual funds, bonds, real estate funds and many more.

Well, that concludes my introduction to Roth accounts. I hope it was informative and useful for you. This is the easiest way to make your first million and take a giant leap toward securing your financial future. Take this knowledge, go out and start investing in the best financial vehicle out there, a R-A!

-JE

 

www.freemoneywisdom.com

Article from articlesbase.com

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Posted on February 15, 2011 by , Reply

Financial Freedom Academy Announces $2 Million Dollar Grand Prize for the “Chasing the American Dream” Competition

(PRWEB) February 27, 2007

Financial Freedom Academy announces $ 2 million dollar grand prize for the “Chasing the American Dream” competition.

America is known for being the land of opportunity, the place where all of your dreams can come true. But, for many Americans the “American Dream” has turned into a living nightmare. They work longer weeks, take fewer vacations, and due to circumstances they cannot control still lose ground financially.

According to researchers, bankruptcy is at all time highs. Many people spend more than they earn financing their lifestyles with credit cards or other loan type instruments. The small glimmer of hope for most people comes in the form of games of chance and luck.

The rise of popular game shows and reality like “American Idol”, “Survivor”, “Deal or No Deal”, “1 vs. 100”, or “Who Wants to Be a Millionaire”, show a sign of the times of people looking for any opportunity to change their life. Unfortunately, for most people that aspire to these shows, or look for equally tough ways to make it (such as winning the lottery, the odds are just to great for them to even make it to the main event let alone win).

For the first time ever, there is a competition that almost everyone can be guaranteed a spot in.

“The Chasing the American Dream” competition is unique for several reasons. First, there are no random cuts based on judge’s opinions. Everything is based on the numbers. Next, every participant will taught exactly how to excel on every module of the competition, and allowed to ask questions.

The modules of the competition are all based on elements of financial success that everyone should know to become financially successful. A few examples of the modules are “making money in real estate,” “how to control when you pay taxes,” “making money online,” etc.

“The reason I am so excited about this competition is because everyone wins, not just the people who claim the $ 2 Million Dollar prize. But, everyone who participates is almost guaranteed to change their life financially,” says James Sherrod, coordinator. “And also it targeted at the people who need the information the most.”

The competition will take place will start April 1st. The eligibility requirements are as follows:

1. You must be a US citizen 18 years or older

2. You must abide by all guidelines of the competition

3. You cannot own real estate holdings outside of your own home

4. You cannot have a stock portfolio outside of your current retirement accounts

5. You cannot currently have a $ 100,000 a year gross income

Interested participants should join the notification list by emailing chasingtheamericandream @ gmail.com, for complete registration details, free financial information, and more.

Disclaimer: Participation in the competition is completely at the risk of the participants. There is no income guarantees other than that of grand prize of the competition. The Financial Freedom Academy, nor any of its affiliates, is not liable for the use of the information presented in anyway. If you have any questions about the information presented, solicit the advice of financial and legal professionals.

Media Contact:

James Sherrod

850-264-9410

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Posted on November 15, 2010 by , Reply