Cool Book Of The Day

Pitch reporters with our up-to-date media databases:

Question: Who is the intended audience?
Answer: Any one that wants their investments grows tax-free. For young people whom want to save for emergency need or college, or older people for retirement.

Q: What is the book about?
A: In plain English what a Roth IRA is and who should have one. Also for those who have IRA’s and trying to decide, should they convert their IRA’s into Roth IRA’s in 2010?

Q: Why are you the best person to write this book?
A: I am a practicing CPA and Financial Adviser, who has prepared and reviewed over 400 tax returns per year for the last 25 years.

Q: How is this book different from other books on this topic?
A: What I practice very day on my business is what I recommend in the book. Many others write book based on IRS rules but never fully understand how it works in real life

Q: Is there anything else we should know about this book?
A: There will be a rush for some people to convert their IRA’s into Roth IRA’s in 2010, because the IRS is allowing those with Income (AGI) of over $100,000 to convert in 2010 since they have not been able do that so far.

The big question: is should you convert or not? In order to get to the right answer, you need to know whether it makes sense for you to continue with a tax deferred IRA or convert in 2010 and pay the income taxes then, therefore allowing the earnings to grow tax-free from then on.

I believe that there will be those who should not convert but will. However, some who should convert will not. Why? In my book Roth IRA: Exploding the Myths, I cover some myths, which keep people from contributing or converting into Roth IRA.

What are some of the myths that people have, which keep them from having a Roth IRA or converting to a Roth IRA?

Some believe it’s too good to be true.

Most think a Roth IRA is an investment.

Many think Roth IRA’s are only good for young people.

Others have told them that if they are over 60 years old, they are too old.

Some believe they cannot trust the government to keep its word.

Many think their taxes will go up.

A few think their taxes will go down.

Some say, “I don’t want government to get any of my money now” (even though some people would pay no income tax at the time of conversion).

Some say, “I don’t want to pay tax on it now. If my kids pay more taxes on it, I don’t care; that’s their problem.”

Others have said, “I did a big spreadsheet; it doesn’t make sense to do a Roth IRA conversion.”

Many do not want to do a Roth IRA because they believe that it was their Roth IRA that lost money in the past (although they lost money because of how it was invested, not because it was set up as a Roth IRA).

Many do not want to tie up their money.

Some believe they have to pay tax on it (again).

Once an IRA is converted, it acts like a regular Roth IRA. If you consider doing a Roth IRA conversion, the conversion must be complete before December 31. The tax is due in the year the conversion is completed. To qualify for the conversion, your adjusted gross income (AGI), without counting the Roth IRA conversion and Required Minimum Distribution (RMD) for those over 70 ½ years old from a regular IRA is less than $100,000.

Your AGI is the total of all income less certain adjustments. It is shown on the last line (37) of page one of your Form 1040 tax return. Alternatively, it is on line 21 of page one of Form 1040A. However, the IRS is allowing everyone to convert his or her IRA into a Roth IRA in the year 2010 without the AGI limit. The best part is that you have 2 years to pay the tax on this conversion.

The IRS allows you to reverse the conversion without any tax consequences once per calendar year before the due date of your tax return, plus the maximum six-month extension period (whether or not the return is actually extended). This is called a Roth IRA recharacterization. For example, the deadline to recharacterize a 2010 Roth conversion is October 15, 2011.

You may ask, “Why should I convert my IRA into a Roth IRA and pay tax on it now? Isn’t the biggest reason for investing in an IRA in the first place so that I can defer the tax for as long as possible?” It is true that for many this is not the right thing to do, but there are conditions that may justify converting. I will explain them in the book.

I know there are many opinions on both sides of the suggestions: whether or not to convert some of your IRA into Roth IRA. After listening to many of my clients and others I realized that there are a lot of misunderstandings about Roth IRA’s. For that reason I have written a book about Roth IRA myths called Roth IRA: Exploding the Myths, and To Convert or Not in 2009/2010. I explain in plain English the advantages and disadvantages of a Roth IRA and who should have a Roth IRA or convert into the Roth IRA.

Visit WWW.WhyRothIRA.Com to get more information. Writing this book has been a family project, as my 19 years old daughter Christina did the illustrations and formatting and my 23-year daughter Jahana helped with the editing the book.

Visit my Blog

Pitch reporters with our up-to-date media databases:

Question: Who is the intended audience?
Answer: The target audiences are primarily those individuals who have an interest in the economy, finance and/or investing and are or may be personally financially impacted by the state of the economy. The secondary market includes those who would like to learn about the finance and investment world and/or are interested in pursuing entrepreneurial ventures within finance and/or real estate.

Q: What is the book about?
A: Standing in the Rain takes the complex subject of the economic crisis which has been experienced in both the United States and throughout the world and helps to explain the situation to the general public in layman’s terms.  It offers a well-rounded perspective from Thomas J. Powell, a seasoned financial authority.  The book takes a detailed, up-to-date (it will be updated again at the end of the Summer or when relevant when it becomes apparent in which direction the economy is moving at that time) snapshot of the current economic state in the country by addressing three specific areas:

1.      How did we get here?

2.      How do we get through this?

3.      What will the other side look like?

In addition, the book addresses each state and provides a snapshot of major economic issues occurring in them. We have already heard back from several business leaders and governors stating they found the information to be both relevant and appropriate.

Q: Why are you the best person to write this book?
A: Thomas J. Powell felt compelled to write this book not only because of the obvious financial crisis being felt by every business sector and individual, but also because it is a perfect marriage of his expertise in Economics, Finance and Real Estate.  He is an instructor in Real Estate Finance at Harvard University, has recently completed his MBA in Real Estate and is considering pursuing his Ph.D at Edinburgh University in Scotland.  More important, Thomas has real-life experience of more than 20 years belly to belly in the topic, not just within the academic world, which can often shelter individuals from the reality of what is occurring in the marketplace.

Because Thomas works everyday in the marketplace through his company, ELP Capital, Inc., and produces a weekly newsletter titled:  The Powell Perspective:  Observations on the Economy, Real Estate, Finance and Investing, he is able to easily update the content of the book as necessary to take it to market through a major publisher and still have it be fresh and relevant to the general public.

How is this book different from other books on this topic:  Examples of key competition and differences are as follows:

¨      Cooper, George, The Origin of Financial Crises (Vintage, 2008)

¨      Shiller, Robert, The Subprime Solution (Princeton Press, 2008)

¨      Soros, George, The New Paradigm for Financial Markets (Public Affairs, 2008)

¨      Zandi, Mark, Financial Shock (FT Press, 2009)

Standing in the Rain is unique from the examples listed above in that it takes the economic crisis and brings it to the individual’s level of understanding, application to one’s life and how to turn one’s personal financial challenges into success.  It is not just about understanding the market, it is about understanding how the market impacts the person and what he or she can do about it to help themselves both get through it and excel in the process.

Q: Is there anything else we should know about this book?
A: Thomas Powell has been a speaker on Economics and Finance for several years.  He speaks 10-15 times per year to groups of sizes ranging from 50-250 on the topic.  Tom’s speaking engagement list is included in this package which illustrates his various audiences and speaking locations, including a recent presentation in Buenos Aires in conjunction with one of his Harvard professors.  Tom has a weekly newsletter and podcast, The Powell Perspective, which can be found at www.thepowellperspective.com.  The current distribution is approximately 10,000 since its inception in March 2009; the goal is to have the distribution up to 100,000 by the end of the year.

Both Thomas and his wife, Tonya, have significant business circles that extend throughout the country and world.  In addition to Tom’s multitude of Harvard contacts throughout the world, he serves as a National Trustee for Boys and Girls Clubs of America (BGCA), which has many Fortune 100 CEOs on its Board of Directors and Board of Governors.  Tonya is also heavily involved with BGCA and has built a very solid sphere of business owners and directors from her time with AT&T and her numerous wealthy and noted clients within the Powell’s financial investment company, ELP Capital, Inc.

Please see www.standingintherain.com or www.thepowellperspective.com for further information!

Pitch reporters with our up-to-date media databases:

Question: Who is the intended audience? Answer: Everyone who wants to improve the security and the yield on their investments and stop losing money.

Q: What is the book about? A: Former stock broker and investment banking guru outlines the results of his investigation on the number one investment in America. It is not offered at any stock brokerage firm, bank, insurance company or any financial advisory firm.  It is a disciplined plan that anyone can learn and participate in to provide a secure financial future. Outlined in the book are ways to let other people fund your retirement, your child’s education and your future medical expense.

Q: Why are you the best person to write this book? A: My 40 years experience investing in real estate, 22 years as a stock broker, 5 years experience as a motivational speaker and former newspaper editor gives me the capability to do the research and draw the right conclusions.

Q: How is this book different from other books on this topic? A: No one else has ever been so specific and detailed on the number one investment in America and all the elements that make it number one. It outlines, in simple detail, how anyone can learn and initiate this powerful investment plan that is a part of the American Dream.

Q: Is there anything else we should know about this book? A: It is so much harder to get your money back after you’ve lost it than to keep it and grow it safely and securely. This is no get rich quick program. This investment is safer than your retirement program and has more tax benefits which you never need to repay. Every investor should add this book to their library to compare with all other investment advice presented by others. You will soon be able to understand why it is number one and why there isn’t even a close second.

For more information, visit: www.tenpercentdown.com

Pitch reporters with our up-to-date media databases:

Question: Who is the intended audience?
Answer: All investors who seek more efficient investment vehicles and wish to learn about them while reading a text with “a plot”, (To keep them turning the pages while learning) Investors are unaware of the myriad hidden fees and “clearing costs” attendant their “retual” mutual funds…expenses that impact their performance on a daily basis.

“Casino” reveals the many court settlements that have resulted from the illegal activity on “Wall Street”, (Illustrating just one year and billions of dollars”).

Q: What is the book about?
A: A protagonist that is frustrated with portfolio losses turns to her past college love for expert advice and is taken on a whirlwind tour of four world economies while learning about “passive” investment strategies. The conclusion finds Jane Cromwell married to her advisor and much wiser after what was literally a nighmare that she survived.

Q: Why are you the best person to write this book?
A: To help educate average investors in an entertaining fashion and provide possible leadership solutions with a “grass roots” political education effort through the AllCan.org “self-screening” website.

With 37 years in the  financial services industry and one technical book published, I realized that people won’t read “technical” books…and for all the right reasons, (They are boring.) So, “Casino” is part Harlequin novel and part classic Gramm and Dodd financial text. I am told it is an “easy read”.

Q: How is this book different from other books on this topic?
A: Please see above.

The book is written in a “generic” fashion so that it can be private branded by “fee-only”, licensed investment advisors. The book can be used as a “business card” to educate prospects or as an educational tool for existing clients. The advisor can include his own picture and forward, if she wishes.

Q: Is there anything else we should know about this book?
A: For more information, visit www.wallstreetcasinobook.com