New Direction IRA CEO Celebrates Eight Years of Teaching Continuing Professional Education Courses for University of Denver School of Law Graduate Tax Program

Share Article

Bill Humphrey contributes to ongoing professional training for the tax and CPA community

“Bill is a great resource in this area,” says Mark A. Vogel, director of the Graduate Tax Program. “We are happy to be able to provide this valuable service to CPAs in the Denver area.”

This past week, New Direction IRA co-founder and CEO, Bill Humphrey, marked the milestone of teaching for eight years as part of the Graduate Tax Program’s continuing education program at the University of Denver (DU) School of Law. Since 2004, Humphrey has taught more than 40 courses, reaching 1,300 tax professionals with the latest information on IRAs, Health Savings Accounts (HSAs) and more.

Most recently, Humphrey taught an HSA Update session for the Graduate Tax Program’s Annual Update Conference on Dec. 14. The conference featured a variety of speakers presenting the latest developments and legislation in all areas of taxation. During Humphrey’s session, more than 350 attendees – mostly Certified Public Accountants (CPAs) – learned about the latest topics related to HSAs, including how the Patient Protection and Affordable Care Actwill affect HSAs. Attendees earned CPA or legal continuing education credits for attending the course.

“Bill is a great resource in this area,” says Mark A. Vogel, director of the Graduate Tax Program. “We are happy to be able to provide this valuable service to CPAs in the Denver area.”

The Graduate Tax Program’s focus on tax education made it a natural fit for Humphrey to provide ongoing professional training to the tax and CPA community. Humphrey worked closely with the school to add timely courses as new topics evolved. For example, when HSAs were created in 2005, New Direction immediately saw the potential value and were among the first companies nationwide to develop educational materials about them, as well as offering them to clients. Humphrey began teaching an HSA course focusing on the long-term retirement savings power and current insurance premiums savings they offered both individuals and companies. Since then, HSAs have continued to grow, mainly due to their current cost savings.

Humphrey is a reliable source of knowledge on HSAs, current topics and trends covered during his courses include:

  •     The number of HSAs is on a dramatic upswing as a result of more and more employers offering High Deductible Health Plans (HDHP) due to their more reasonable cost (A HDHP is prerequisite to an HSA)
  •     HSAs present aunique doubletax benefit: contributions to HSAs are tax deductible and distributions, including profits in the account, are often distributed tax-free
  •     More and more HSA owners are managing the investments in their HSAs with an eye toward providing funds for healthcarecosts during retirement.
  •     CPAs and attorneys who work with their clients’ finances serve their clientele by explaining HSA rules, contrasting them with previously popular plans such as Flexible Spending Accounts (FSAs) and Health Reimbursement Accounts (HRAs), while also illuminating the long term benefits of adopting an HDHP/HSA plan
  •     HSAs present an opportunity for long-term tax-free growth via delayed expense reimbursement. HSAs are at the forefront of the new landscape of healthcare, and knowledge about the rules governing these accounts could result in a significant tool to use when dealing with healthcare costs and retirement

About New Direction IRA
New Direction IRA is a trusted provider of investor education and recordkeeping services for self-directed IRA and precious metals IRA holders. Since its inception in 2003, New Direction IRA has been at the forefront of the self-directed retirement investment market. The company enables individual investors to take control of and diversify their tax-advantaged retirement funds using alternative asset opportunities such as real estate, precious metals, LLCs, notes and lending, and more. Headquartered in Louisville, Colo., New Direction IRA administers more than $570M in assets on behalf of over 7,000 account holders. Visit the website at http://www.newdirectionira.com.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Clay Malcolm

Clay Malcolm
Visit website