Synopsis
IMAGINE HAVING AN INCOME TAX-FREE RETIREMENT INCOME!
It s possible with a Roth IRA or Roth 401(k) account!
In this compact explanation, Michael Gray, CPA gives the highlights of what you need to know to build a big, tax-deferred or tax-free retirement account and get the maximum benefits from it.
* How do the advantages and disadvantages of a Roth account compare to those of an IRA account?
* How can you use a rollover from a 401(k) or other employee retirement account to create a big Roth or IRA account?
* Many people have become disenchanted with the stock market. How can you use a self-directed Roth or IRA account to make alternative investments, such as in real estate or private mortgages?
* What are the prohibited transactions that can result in disqualification (treated as instant distribution) of your Roth or IRA account?
* When can a Roth or IRA be required to pay income taxes? Should you go ahead with an investment that generates income taxes for the Roth or IRA anyway?
And much more!
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About the Author
Michael C. Gray founded his CPA firm, Michael Gray, CPA on October 1, 1996. He has continuously worked in public accounting since June 1974. Mike was a co-founder and partner in charge of tax services of Hubler, Gray and Associates from June 1986 through September 1996 and a tax manager at KMG Main Hurdman, subsequently acquired by KPMG Peat Marwick, from February 1978 to June 1986.
The areas of practice that Mike has focused on include tax planning for individuals, estate and trust planning and administration, tax planning for businesses, tax examinations, and tax procedure. He also assists other tax practitioners in dealing with complex tax issues.
He currently writes three free email newsletters: Michael Gray, CPA's Tax and Business Insight, Michael Gray, CPAs Option Alert and Michael Gray, CPA's Real Estate Tax Letter.
Mike is also the host of a weekly television show, called Financial Insider Weekly.
Mike has given many presentations and written many articles on tax subjects, including for the California Society of CPAs, Silicon Valley Bar Association and Santa Clara County Bar Association.
Mike has been a CPA in California since March 1977. He is a past president of the Silicon Valley San Jose CPAs, past chairman of the tax committee for the Silicon Valley San Jose CPAs and past member of the state tax committee for the California CPAs. He is also a member of the Santa Clara County Estate Planning Council, and has been involved with the Executive Planning Committee of the Tax Section for the Santa Clara County Bar Association, and is a lay member of the Silicon Valley Bar Association.
He is the author of the Real Estate Tax Handbook, Secrets of Tax Planning for Employee Stock Options, Employee Stock Options Executive Tax Planning, and co-author of Employee Stock Options A Strategic Planning Guide For The 21st Century Optionaire.
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