Duane Duggan, host of the RE/MAX of Boulder Podcast, continues to keep the Boulder community and future home buyers and sellers updated with the latest information regarding the real estate market.
In 2003, Bill Humphrey and Catherine Wynne decided to combine Humphrey’s two decades of experience as a Certified Public Accountant (CPA) and his expertise in retirement investment with Wynne’s extensive personal success as a real estate investor and syndicator to establish New Direction IRA, Inc. RE/MAX of Boulder REALTOR® Duane Duggan, host of the RE/MAX of Boulder video podcast, sat down with Co-Founder and CEO of New Direction IRA, Inc. Bill Humphrey.
According to Humphrey, an Individual Retirement Account (IRA) is the bucket owned by what he terms “Uncle IRA”, which holds investments including stocks, bonds, mutual funds, and “other assets”. The podcast focuses on the “other assets” segment, specifically real estate. Bill uses the term “Uncle IRA” to underscore the idea that an IRA is separate from you personally and the money in the account will stay in the account and grow. The major benefit of an IRA is the substantial tax breaks that are awarded. That said, not everyone can take advantage of the tax breaks due to eligibility restrictions based on income or employment status. See the entire video podcast below:
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