Over the years many of our clients have asked us “what does Lasaii
mean?” They have speculated that it is a Native American word or the
name of a Himalayan mountain tribe. In reality, it is adopted from the mother language of the
Basque people of Northern Spain and Southwestern France. In the Basque
culture “lasai” means to “take it easy”. We added the extra “i” so
that it would read in English, like it is pronounced by the native
Basque people – “lasaii” with a hard “i” sound. It is this feeling of
relaxation, or “taking it easy” that we hope to help bring to our
clients with their IRA/real estate structured purchases.

2008 was a challenging year for many.  Uranga & Associates was fortunate to close out the year with an increase in business from the prior year despite the disheartening state of the economy.  This last year showed a dramatic increase in clients structuring their IRA to apply to an existing mortgage - a sad statement of today's economic environment.  Fortunately for our clients we could structure their IRA to be of benefit them now, when they badly need the assistance, while still allowing for the great majority of it to be there for them tomorrow - in their retirement years. The sector that showed the second largest increase from the year before was in second home purchases.  Many of our clients took advantage of attractive real estate prices to purchase the vacation home they have always wanted. The OUTSIDE method can be structured for people of all ages. Fifty five percent of our clients last year were in their 50's with 20% in their 60's, 18% were in their 40's and the balance of our clients last year were in their 30's.

Cases featured in this section are actual case histories of IRA/real estate plans structured by Uranga & Associates. Names have been changed to protect the privacy of our client(s).

Case Outline:  Mr. & Mrs. Anderson responded to an advertisement in Delta’s Sky Magazine.  The Andersons have been hit hard by the recent down turn in the economy.  Mr. Anderson who is in his late fifties had heard he was to be laid off from his executive level position in the technology industry and his wife’s hours in her retail position had already been cut back.  Faced with a dramatically reduced income and no immediate job prospect in site, the Andersons were concerned with being able to make their mortgage payment. After viewing Uranga & Associates advertisement the Andersons were intrigued with the idea of applying their IRA to save them from potential financial distress with their primary home mortgage so they scheduled a telephone appointment with an Uranga consultant to explore how the OUTSIDE® structure could help them out.

Structure:    A total IRA transfer of $320,000 established a SAFE HARBOR® IRA account as the foundation for the Andersons IRA real estate plan.  Uranga & Associates then structured the IRA to make regular monthly payments in the amount of $1,700 to be applied to the Anderson's home mortgage payment.  After five years, by which time, hopefully, the economy will be back on track and the Anderson's employment situation will have improved, they can choose to discontinue the cash flow stream from the IRA to allow it to revert to building equity for their future retirement. 

Summary: For the Andersons Uranga & Associates structured the SAFE HARBOR® directed IRA real estate plan to provide cash flow assistance as a short term solution to their financial needs.  The Anderson's customized plan allows the flexibility for them to discontinue the cash flow stream from the IRA after five years or continue it for as long as they choose.  If they do decide to discontinue the transfer of IRA money into their primary residence after 5 years, they can expect, with a worst case scenario, a minimum value of $259,000 to still remain in their SAFE HARBOR® IRA account even after $102,000 of its original value has been transferred into their primary residence. This financial plan gives the Andersons the security and peace of mind they need to weather the economic storm and come out of it unscathed.

Other estate planning benefits are derived from the OUTSIDE® structure.  Please visit our website for further information. 

Q: I’m not old enough to qualify to start withdrawing my retirement money yet, so how can it help me now?

A: There are two different ways in which your retirement monies could help you through this transition time. Both options are available to you at any age.

Q: What is the difference between the two strategies?

A: The OUTSIDE® structure is similar to estate planning. Your current financial situation is evaluated, your long term goals are assessed and then with these elements in mind your retirement funds are structured for immediate support of your existing mortgage or for a new real estate purchase while at the same time ensuring security and longevity of principal balance of your retirement fund.

The Mortgage Relief Strategy offers a short term bridge solution intended to assist your cash flow needs until you are able to secure gainful employment.  This strategy can assist individuals with low value retirement funds and would only be suggested for consideration if the OUTSIDE® structure was incompatible with your circumstances.

Q: Will I incur penalties for accessing my retirement monies prior to retirement age?

A: Not when your IRA or 401k rollover is structured by the OUTSIDE® method.  The Mortgage Relief Strategy will incur a penalty.  However this strategy is calculated to take effect on an as needed basis, substantially minimizing the penalty to a level where the benefits outweigh the cost.

Q: How do I find out if either of these programs can help me?

A: Fill out the compatibility form on our website. The information you provide us in this form will help us determine if you could benefit from our services.  We will then invite you to a complementary telephone consultation where our consultant will discuss with you how a plan would be structured to benefit your particular case.

Q: Once I speak with a consultant at your office am I committed to signing up for your services?

A: No. Our business code of ethics ensures you will receive no sales pressure to move forward with our program.

Q: If I decide to move forward with the OUTSIDE® structure, what is my cost for your service?

A: Most of our clients incur no cost at all.  It will depend upon which custodian you decide to move your retirement monies to for the foundation of your OUTSIDE® plan.