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New Direction IRA Announces Seven-Course Continuing Education Curriculum for CPAs

LOUISVILLE, Colo.—New Direction IRA is providing seven continuing education webinars to the North Carolina Association of Certified Public Accountants (NCACPA). The series began in August and live presentations conclude Sept. 9.

The online courses each provide one or two hours of Continuing Education (CE) credits for those who tune in to the live webinars or access the recorded versions on demand later. The CE credits are available to CPAs nationwide, not just those in North Carolina.

New Direction IRA CEO Bill Humphrey said he was approached by NCACPA to provide materials for the many CPAs the organization services.

“We are thrilled to be working with the NCACPA,” Humphrey said. “Our ongoing national expansion program provides CPAs and professionals the tools to help them allow their clients re-invent their retirement investment strategy.”

The courses allow accountants to help their clients imagine and implement a new approach to achieving retirement goals. Those who participate in the lessons will learn what retirement plans can invest in, relevant IRS rules, step-by-step processes for a variety of asset purchases, trends, misconceptions and more. 

The information, Humphrey added, is culled from more than 10 years of experience working directly with financial professionals and self-directed IRA investors. Classes began on August 28 with “Introduction to Alternative Investments in IRAs,” and “Opportunities and Limitations of Self-Directed IRAs for CPAs and Financial Advisors.”

Humphrey said the curriculum will also include a course on August 30 about Health Savings Accounts (HSAs), which are rapidly growing in popularity according to several recent financial surveys and registration numbers with New Direction IRA.

“Our HSA class introduces strategies for building your HSA balance with an eye toward medical costs in retirement,” Humphrey said. “We help HSA clients put the ‘savings’ back into what is often used as a ‘spending’ account.”

The courses conclude on Sept. 9 with three sessions about Unrelated Business Income Tax (UBIT), investing IRAs with debt financing and “Self-Directed IRA Real Estate Investing.”

To access the webinars, visit www.ncacpa.org. CPAs, financial professionals and investors can also visit www.NewDirectionIRA.org to research, open and invest with a self-directed IRA.

 

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New Direction IRA Launches Precious Metals Asset Team

New Team Streamlines Metals Acquisition Processes and Procedures

New Direction IRA has strengthened its support of and commitment to precious metals investors with the formation of its new Precious Metals Asset Team (PMAT), part of New Direction IRAs larger Asset Acquisition department. The new team includes specialists in precious metals assets, IRA accounting and business-to-business relationships, and benefits clients by streamlining the metals acquisition process.

When an IRA holder chooses to acquire physical precious metals in their retirement account, there are two vendors they must select. The first is a dealer or broker from whom the IRA will purchase the gold, silver, platinum or palladium. The second is a depository where the metals will be securely held in the name of their IRA. There are dealers and depositories all over the U.S. and the world, and each has their own business practices, pricing structures and paperwork. Furthermore, due to the volatility of precious metals prices, purchases generally must be completed in a timely manner. Assembling a team comprised of expert staff dedicated to facilitating metals acquisition affords New Direction IRA the agility to serve their clients promptly no matter who they choose to work with. Similarly, dealers and depositories have a central point of contact at New Direction IRA. PMAT works with these businesses to accommodate their operational needs, while still satisfying the IRS requirements for documenting assets in an IRA.

“Over the last few years, more and more investors have been taking advantage of an IRA’s ability to hold physical precious metals as an asset. Unlike many IRA providers, New Direction will work with any dealer and depository our client chooses and that meets IRS requirements,” said Catherine Wynne, co-founder and president of New Direction IRA. “Clearly this entails working with a number of different business models and processes. PMAT was formed so that New Direction can continue to accommodate the variety of vendors that our clients choose.”

About New Direction IRA

New Direction IRA is a trusted provider of investor education and recordkeeping services for self directed IRA holders and, since its inception in 2003, 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 www.newdirectionira.com.

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New Direction IRA provides Key Piece to HSA Strategy

The advent of the Health Savings Account (HSA) has given Americans a new way to think about how to save for health care expenses in the present and in the future. Surprisingly, this same account can also provide a boost to one’s retirement income. HSAs can be a powerful part of a long-term investing strategy because of its tax benefits and rules for distributions. It is common, however, for these capabilities to be underutilized due to a lack of knowledge about the basic properties of the account and the full range of investment possibilities.

HSAs are often characterized as having 3 tax advantages: 1) contributions are not taxed, 2) assets in the account can grow tax deferred, and 3) distributions made for medical expenses are not taxed. Furthermore, as long as the distributions are for qualified medical expenses, you can withdraw as much as you want, whenever you want. Your HSA funds are not tied to a particular health insurance plan any single year. Unused funds automatically roll over for future expenses. Before the creation of the HSA, this freedom of distributions in a tax advantaged account has not existed.

It is a common strategy to have cash in an HSA available to pay for the insurance deductible for a given year should that be necessary, but there is an additional feature of the account that can be capitalized on. HSAs can be self directed. Once the account holder feels comfortable with the amount of immediately accessible funds, the rest of the account can be devoted to long-term investment goals. New Direction offers HSAs that can be invested in real estate, precious metals, notes, private stock, and more. In this way contributions to the HSA can be invested in assets that provide returns that are in concert with the account holder’s strategy.

An account holder may make their maximum HSA contribution each year. Within a couple of years, assuming relatively nominal medical expenses, the account holder has enough cash in the account to cover their deductible or whatever amount makes them comfortable that they will be able to respond to a medical emergency. At that point all future contributions can be invested in assets intended to provide longer-term growth/returns. Over the years, if the account holder is able to personally pay, from outside the HSA, medical expenses including such things as dentistry, eyeglasses, chiropractic, psychotherapy, corrective eye surgery, homeopathy, and many other alternative medicine options, they will then be able to retain investments within the HSA indefinitely. For the account holder, this may mean that, at some point, they no longer need to worry about putting money away for medical expenses or it may mean that the account holder has a ready cash reserve that can be tapped into tax-free at any time for any purpose providing there are previously paid medical expenses to offset the distribution.

This method of saving for the later years of life also comes with an added benefit. Even if you end up not having medical expenses that take up your account balance, after age 65you can use the funds to pay for non-medical expenses. The money you withdraw will be taxable just like a Traditional IRA distribution, but you will not pay a penalty. So, the worst outcome is that you have another IRA from which to draw. It should be noted that if you do not use up your HSA during your or your spouse’s lifetime, your beneficiaries will be taxed on HSA assets as ordinary income.

It has been reported that the percentage of people who have employee sponsored health care that have High Deductible Health Plans (a prerequisite for HSAs) has increased from 4% to 17% from 2006 to 2011. As a result, the number of HSAs being opened is also increasing. Demand for information about these accounts is high. HSA experts Bill Humphrey and Catherine Wynne, principals of New Direction IRA, have been teaching about tax-advantaged accounts at the University of Denver for years, and, in the second half of 2012, they have not one, but two classes specifically about the HSA.

New Direction IRA offers HSAs that can accommodate almost any investor’s strategy. Alternative assets for long-term investing and FDIC insured cash for short-term expenses are available in one place. To take full advantage of the versatile HSA, take advantage of a provider that can facilitate your strategy.

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New Direction IRA Implements Client Representative Model, Extends Commitment to Customer Service

New Approach to Customer Service Results in Higher Level of Personal Touch, Client Education

LOUISVILLE, Colo., June 27, 2012 — New Direction IRA, a leading provider of self directed retirement plans, has extended its commitment to superior customer service by implementing a client representative model. The client representative model required New Direction IRA to more than double its staff to ensure all its clients had a personalized, primary point of contact.

The new client representative model allows for a continuous point of contact familiar with each client’s account history and specific needs. The client representatives are extensively trained and interface with the client on all subjects ranging from specific transactions, account strategy or general education on self directed IRAs.

“Our clients appreciate the personal relationship they have with their client representative,” said Bill Humphrey, CEO at New Direction IRA. “Often that personal connection is missing with companies that provide retirement accounts. We wanted to change that to ensure that our clients understand the sometimes complicated process of a self directed IRA and that they receive the highest level of service and support.”

New Direction IRA client representatives are knowledgeable education providers for prospective clients considering self directed IRAs. They are also tasked with providing the highest level of support and attention to existing clients to ensure New Direction IRA is delivering on its overall commitment to quality, personal service for clients.

About New Direction IRA

New Direction IRA, Inc., a self directed IRA plan administrator providing services for half a billion dollars in assets, also offers self directed Health Savings Accounts and can be reached at 303-546-7930 or toll free at 877-742-1270. New Direction IRA teaches hundreds of free webinars and classes to educate new and experienced investors and professionals, so every person with an IRA can have access to the performance of the assets they want.

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New Direction IRA takes Self Direction from coast to coast and beyond

Principals of New Direction IRA, Inc. (NDIRA), Bill Humphrey and Catherine Wynne, will go to any length to provide investors information about self directed retirement accounts and to make the client experience as efficient as possible. Next week they embark for the Hawaiian Islands to join forces with Dan Falardeau, President of NDIRA’s Hawaii Division to participate in a number of engagements. The trip that will include delivering a public, informative session for anyone interested in learning about their IRA investing options, teaching a continuing professional education course for Certified Public Accountants and Certified Financial Planners, visiting a tree farm which has recently attracted IRA investors, meeting with non-recourse lenders, and appearing on a local television show devoted to investor education.

Since expanding their business to include the entire nation at the beginning of this year, New Direction has been logging significant miles in response to demand for their services. And it has been paying off. Since January, accounts have increased by almost 10 percent and the company has increased its staff by almost 20 percent. In just the last three months, Owner Bill Humphrey alone has traveled to Orlando for the Money Show, to Boston for a site visit at a precious metals depository, and now, Hawaii. “We are very pleased to have clients in states from coast to coast. And we are committed to making available, on a nationwide basis, all of our experience in handling retirement accounts with ‘alternative’ assets.” says Humphrey.

On June 16, at the Bishop Museum in Honolulu, New Direction will be presenting two free educational events. One is an in-depth look at self directed IRAs for CPAs and CFPs who will receive continuing professional education credit for completion of the class. The second will focus on information for the investor who has retirement savings and would like to find out how a self direction can be put to work in service of their IRA, Roth IRA, HSA, or 401(k). To further advance their mission of investor education, Humphrey and Wynne will also appear on a Honolulu television show, “Retire Your Way”, devoted to the finances of retirement.

By spending time with businesses that operate in conjunction with account holders’ assets, New Direction makes the interface between the IRA and the vendor as smooth as possible. Knowing the logistics of those companies in terms of paperwork and process can improve how efficiently NDIRA serves their clients. During their Hawaiian trip, Humphrey and Wynne will take time to visit a company that offers an asset that has been selected by several clients. Also, they will meet with local lenders to exchange ideas about non-recourse loans that are often used by IRAs to acquire real estate assets. Catherine Wynne points out, “Not all IRA providers have the flexibility and expertise to work with a wide variety of asset types. It takes time and effort, but, if we take the time to understand the investment, we can make the process efficient for our client.”

Flying to islands that are often said to be paradise may seem relaxing and glamorous but,for Bill Humphrey and Catherine Wynne, it is travel to support two cornerstones of their business: investor education and client service. Going national has been a boon for New Direction IRA and has allowed them to improve and expand their operation. Distance is no obstacle for NDIRA when it comes to satisfying the growing demand for quality self directed IRA service.

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