When people are young, they take very little time to consider their financial future. With the help of a certified financial planner, people can make sure they live the life they want today, while preparing for their future needs. Morey and Macarena share best tips and practices for making the most of a retirement savings account including how to purchase international real estate, investment income properties and how to find a lifestyle plan that fits your life.
[2:46] Lifestyle planning is thinking about your financial future, so you can live.
[5:33] Can you use your IRA to buy real estate?
[6:54] The IRS looks unfavorably at people running their businesses from IRA’s.
[7:46] What is the proper amount of depreciation a person can take on my SUV?
[9:14] Borrowing money from a retirement plan for additional savings on a vehicle.
[9:54] Macarena is an expert at offshore real estate.
[10:58] Buying real estate from a retirement plan can be a great investment.
[14:08] Take care not to become partners with your IRA. It’s unlawful.
[16:28] If you partner with your spouse you are able to borrow double the amount from your retirement account.
[18:35] Am I able to live in or visit my investment property?
[20:57] Morey offers a free initial consultation.
Mentioned in This Episode:
Glazer Financial Network
Email Macarena: email@example.com
Tuesdays with Morey on Facebook
Expat Tax Expert
Email Glazer Financial: firstname.lastname@example.org