Access Wealth Strategies

We all know that our financial decisions today affect us far into the future and significantly impact our retirement lifestyle.

Perhaps you’ve heard about the tax law change for 2010 that affects retirement accounts such as IRAs but were wondering what this means for you and how you can take advantage of it.

Our friend Kaaren Hall at uDirect IRA referred to this as “taxes on sale” – so you don’t want to miss it!

Keeping up to date on IRS rules and tax laws is something that most of us don’t enjoy. That’s why there are professional tax planners who do this for us.

Listen below to my interview with Amanda Han, CPA and tax planning strategist at Keystone CPA, as we discuss this recent and significant IRA rule change called TIPRA (Tax Increase Prevention and Reconciliation Act), and advanced tax planing strategies due to this change.

In this interview, you’ll find:

• Why is 2010 a special year for Roth IRA conversion?
• Differences between traditional and Roth IRA accounts and how you can take advantage of both in your retirement planning
• How do self directed retirement accounts fit into all this?
• Reasons you may want to convert your traditional IRA to a Roth IRA in 2010 (or maybe even 2009!)
• What are advanced tax planning strategies and how can they help you?
• And more…

Be sure to check out the members’ library area at Keystone CPA‘s web site for some helpful articles and tax planning strategies.

Of course, individual financial circumstances vary, so you will want to consult with your tax advisor before implementing any tax strategy.

Many of us have a substantial amount of our net worth and investment capital in our retirement accounts: IRAs, 401Ks from previous and current jobs, etc.

Most of the time, funds in these accounts are invested in just a few mutual funds and maybe some stocks and bonds approved by your plan administrator, typically a stock brokerage firm or mutual fund company — not surprisingly, these firms have conflicts of interest in restricting your investment choices to products they sell.

After the recent stock market turmoil, you may be wondering:

Are there better options than the typical stocks, bonds, mutual funds that I can invest in through my retirement account?

If you already love alternative investments (such as real estate, notes, private equity business ownership, etc.) or buy alternative assets with non-retirement money, you may be missing an opportunity to purchase these same assets with money in your retirement account.

What you might not know is that the IRS allows you to invest in many other types of assets in your retirement accounts – you just have to work with a truly “self directed” account administrator.

Interview with Kaaren Hall, President of uDirect IRA Services and Self Directed IRA Expert

Today, I interviewed Kaaren Hall, who knows all about investing through self-directed IRAs.

Listen to this 29-min. interview and find out how you can take control of your retirement, because “no one cares more about your money than you”!

This interview is jam packed with valuable content and will answer many questions you may have regarding self-directed IRAs. Please comment and let us know what topics you would like us to cover in future interviews.

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