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.

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.