Embed Size (px)
DESCRIPTION
Citation preview
1
Creating Powerful Retirement Accounts for Business Owners
and Real Estate Investors
2
�RELATIONSHIPS
� IDEAS
�OPPORTUNITIES
�NOT a sales pitch
�NOT investment, legal, or tax advice
Begin with end in mind
3
Today’s agenda
� Strategies to pay yourself instead of the IRS
� Learn to create tax-free income and retire younger than you thought possible
� Learn to access your retirement account at any age TAX-FREE & PENALTY FREE
� Learn special tax and investing tips for the self-employed
4
DAVID CAMPBELL – professional investor / developer www.HasslefreeCashflowInvesting.com
KAAREN HALL – president of uDirect IRA Services www.uDirectIRA.com
AMANDA HAN, CPA – tax strategist www.KeystoneCPA.com
5
www.HasslefreeCashflowInvesting.comDavid@HassleFreeCashflowInvesting.com
Former high school band director Self-made multi-millionaire
Real estate investor / developer / broker / managerFinancial educator / author / speaker
Faculty Member: Investor Summit at Sea with Robert and Kim Kiyosaki
David Campbell - FounderHassle-Free Cashflow Investing
6
Road Map
�Assessment of goals
�Assessment of resources
�Strategy
�Tactics
� Implementation
7
Generalist vs Specialist
TaxLegal
Financing
Brokerage
Property Management Accounting
Due Diligence
IRA
8
Quantity of capital versus velocity of capital
Passive Income = Capital x ROI
$50,000 = $2,500,000 x 2%
$50,000 = $1,000,000 x 5%
$50,000 = $500,000 x 10%
$50,000 = $250,000 x 20%
9
$ 29,959.92 $ 11,242.90 30
$ 19,040.07 $ 8,142.57 25
$ 10,803.85 $ 5,440.20 20
$ 6,130.39 $ 3,634.70 15
$ 3,478.55 $ 2,428.41 10
$ 1,973.82 $ 1,622.47 5
$ 1,000.00 $ 1,000.00 0
12% but tax deferred inside
IRA
12% with tax outside iRA
Year
Why tax deferral is so important
10
The average American spends more money in taxes than they do in food, clothing, and shelter combined.
How Much Do We Lose to Taxes?
11
Company Logo(877) 975-0975
KEYSTONE CPA, INC. Maximizing Profits & Increasing Wealth
www.KeystoneCPA.com
AS SEE
N ON:
(877) 975-0975
www.KeystoneCPA.com
12(877) 975-0975 www.KeystoneCPA.com
Tax Rates
Taxes 2012 2013
Federal Income
Tax
35% 39.6%
State Income Tax 10% 10%
Payroll Tax 15% 15%
Capital Gains Tax 15% 20%
Estate Taxes 35% 55%
New Taxes ??
13(877) 975-0975 www.KeystoneCPA.com
Unearned Income Medicare Contributions Tax
….Wow, that’s a mouthful!
-Imposed on Net Investment Incomea. Interestb. Dividendsc. Royaltiesd. Rentse. Income from Passive Activitiesf. Gain on Sale of Certain Assets
-Brand New Tax = Another 3.8%
-Effects Taxpayers with Income over $200,000 / $250,000
New Taxes
14(877) 975-0975 www.KeystoneCPA.com
Hospital Insurance Tax….Another Innovative Brand New Concept
-Brand New Tax = Yet Another 0.9%
-Effects Taxpayers with Earned Income over $200,000 / $250,000
-Imposed on Earned Income in Excess of Above Thresholds
a. W-2b. Income from Sole Proprietorship (Sch. C)c. Self-Employment Incomed. ALL Actively Earned Income
More New Taxes
15
Real Estate Investments
(877) 975-0975 www.KeystoneCPA.com
16(877) 975-0975 www.KeystoneCPA.com
Retirement Plan Strategies
17(877) 975-0975 www.KeystoneCPA.com
Tax Free Income for Life
18(877) 975-0975 www.KeystoneCPA.com
PERSONAL
INVESTINGBUSINESS
What Now?
19
KaarenKaaren Hall, PresidentHall, President
uDirectuDirect IRA Services, LLCIRA Services, LLC
(866) 538(866) 538--35393539
[email protected]@uDirectIRA.com
uDirect IRA Services, LLC
2522 Chambers Road, Ste 100
Tustin, CA 92780
20
How to SelfHow to Self--Direct Your Retirement SavingsDirect Your Retirement Savings
uDirect IRA Services, LLC is not a fiduciary and does not render tax, legal, accounting, investment, or other professional advice. If tax, legal, accounting, investment, or other similar expert assistance is required, the services of a competent professional should be sought.
21
Types Of SelfTypes Of Self--Directed PlansDirected Plans
IRAsIRAs Qualified PlansQualified Plans Other PlansOther Plans
TraditionalTraditional 401K/ 457/ 403b401K/ 457/ 403b CoverdellCoverdell
RothRoth Defined BenefitDefined BenefitHealth Savings Health Savings
AccountAccount
SEPSEP Profit SharingProfit Sharing
SimpleSimple Individual KIndividual K
SpousalSpousal
22
How Do I SelfHow Do I Self--Direct?Direct?
1.1. Complete an applicationComplete an application1.1. Provide copy of driverProvide copy of driver’’s licenses license
2.2. Copy of statementCopy of statement
2.2. Fund your accountFund your account1.1. Annual ContributionAnnual Contribution
2.2. TransferTransfer
3.3. RolloverRollover
3.3. Tell us what you want to invest inTell us what you want to invest in
23
For More InformationFor More Information
KaarenKaaren Hall, PresidentHall, President
uDirectuDirect IRA Services, LLCIRA Services, LLC
(866) 538(866) 538--35393539
[email protected]@uDirectIRA.com
uDirect IRA Services, LLC
2522 Chambers Road, Ste 100
Tustin, CA 92780
24
Taxmeggedon Event
�Thursday – August 23 �12-1pm California
25
DAVID CAMPBELL – professional investor / developer [email protected]
KAAREN HALL – president of uDirect IRA Services [email protected]
AMANDA HAN, CPA – tax strategist [email protected]
