Tuesdays With Morey - Tax Tips®

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.   Key Takeaways: [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 par