Midland Trust Blog

Credit Card Debt Management Tips

Many of us did not learn how to budget in college or from our parents. This vital life lesson is a rude awakening, and some Millennials may never fully be able to do it without professional help. It involves discipline and, for some, the retraining of your brain, a proper attitude towards money, and good […]

SEC Announces New Accredited Investor Status

In August 2020, the Securities and Exchange Commission (SEC) adjusted their definition of an “accredited investor” for the first time in decades. This ruling affects regular investors and self-directed IRA investors. Before this ruling, if you were an investor that did not meet income or net worth criteria, you may not have been allowed to […]

Tips to Avoid A Millennial Saving Crisis

Student loan debt is at an all-time high of around 1.4 trillion dollars. The cost of going to college has dramatically outpaced the rise in wages. That figure is a combination of debt from getting a degree ranging from bachelor’s to doctorate. While higher education is vital in a competitive job market, the financial impact […]

Budgeting With the Goal to Save and Invest for Millennials

Budgeting can be an essential tool for financial success. Many personal finance experts suggest creating a budget as the most important component for a successful financial plan. A budget gives you a roadmap of where you are in the moment and for planning for the future. Without a budget, it is much easier to get […]

Lend Money From Your Retirement Account

How to Lend Money from Your IRA Yes, you can lend money from your retirement account. It’s called hard money lending, and it is trending. As someone who has done a few deals like this, I want to share what I have learned.   The Basics of Lending Money in Your IRA Let me give […]

Florida Self-Directed IRAs

Investors in Florida have utilized self-directed IRAs as a tax strategy when buying and selling investments for over thirty years. Self-Directed IRAs are a unique tool that allows you to invest in almost any type of asset with your IRA. Rather than paying the tax dollars, assets inside an IRA grow tax-free. By opening a […]

Sanibel Real Estate Investment Strategies

Sanibel and Captiva Islands (SanCap) are known for their beautiful beaches. They also have some of the world’s most unique shelling. Many have discovered the seaside paradise. But, did you know Sanibel Captiva is also known for its investment opportunities? Sanibel Captiva has become a real estate and alternative asset investment paradise for investors. Captiva […]

Budgeting Made Simple for Millennials

Adulting is a term Millennials like to use when life hits you hard, wishing you could relive the days of being a kid with few worries. Being an adult means no longer having someone making decisions for you or holding your hand through the process. Adulting means taking control of your budget, your health, your […]

Health Savings Account: a Triple Tax Advantage

Health Savings Accounts A Health Savings account (HSA) is a tax-exempt account that will allow you to pay for a diversified list of allowable medical expenses. In addition to saving money, you can spend these funds for medical expenses in retirement. This makes having an HSA a huge advantage now and in the future. What […]

Bitcoin Investing Options, Including IRAs

What Is Bitcoin?   By now, everyone should have heard of Bitcoin at some point in the last few years. If you can recall, it was a hot topic of conversation among friends and families during its parabolic rise from Thanksgiving to Christmas during 2017 when it hit its all-time high of $20,000 before taking […]