In light of investment income tax increases, sophisticated investors should seriously reconsider the way they invest. Investors may avoid investment income taxes altogether by using self-directed IRAs and 401(k)s.
Riverton, UT (PRWEB) August 14, 2013
Self-directed IRA and 401(k) industry expert Curtis L. DeYoung, of Riverton, Utah, based American Pension Services, a leading self-directed retirement plan administrator, joined over 200 of the nation’s top financial professionals at Ed Slott & Company’s Elite IRA Advisor Group Workshop in Dallas, Texas. Mr. DeYoung spent several days with Ed Slott and Company studying recent updates like the American Taxpayer Relief Act of 2012, the Health Care Law’s tax consequences, Roth conversions, estate planning, and how to use IRAs and 401(k)s to leverage current tax law.
“Most estimates show that anywhere between 75% and 80% of all taxpayers will pay more tax in 2013 than they did in 2012. There are many reasons for this, and you need an advisor with the specialized knowledge to navigate an increasingly more complicated tax environment,” says Ed Slott, a nationally recognized IRA-distribution expert.
DeYoung notes, “In light of investment income tax increases, sophisticated investors should seriously reconsider the way they invest. Investors may avoid investment income taxes altogether by using self-directed IRAs and 401(k)s.” DeYoung continues, “By simply transferring their IRA or rolling over their 401(k) to a self-directed plan, the investor gains the flexibility to invest in assets like real estate, precious metals, and promissory notes. This simple alteration to the investment strategy may insulate the investor from taxes they would otherwise pay holding the asset personally. Why wouldn't you do that?”
With few tax-shelters as attractive as IRAs and 401(k)s, self-directed IRAs and 401(k)s have become increasingly popular. Largely a boutique type industry, self-directed IRAs and 401(k)s provide investors the flexibility to do more with their retirement plans than the traditional retirement industry will allow.
About Curtis L. DeYoung: A pioneer in the field of genuine self-direction®, Curtis L. DeYoung founded American Pension Services in 1982 for the purpose of allowing investors to self-direct their retirement funds as broadly as the law allows. DeYoung is a member of Ed Slott’s Master Elite IRA Advisor Group, has appeared on CNBC's Power Lunch, in the Wall Street Journal, and in other financial publications.
About American Pension Services: APS® is a neutral third-party self-directed retirement plan administrator with over 30 years of industry leading expertise. American Pension™ administers a variety of self-directed retirement plans including self-directed IRAs, self-directed Roth IRAs, and self-directed 401(k)s. APS is the recipient of ExpertPlan's 2012 Partner of the Year Award, and distinguished as Best of State 2013.
About Ed Slott & Company: Ed Slott & Company, LLC is the nation’s leading provider of IRA training for financial advisors. Mr. Slott is the author of several books on retirement distribution planning. He is a nationally recognized IRA-distribution expert, a professional speaker, and the creator of several public television specials, including Ed Slott’s Retirement Rescue!