In today's episode of The Truly Diversified Show, Ben is joined by Jim Yostrom, a CPA and hybrid professional who not only handles taxes but also advises on investment opportunities for retirement.

During this conversation, Ben and Jim dive into a niche financial strategy that often flies under the radar but offers intriguing opportunities for diversification beyond the typical stock market options. You'll learn how this approach can serve as a valuable tool for those looking to balance risk while potentially securing solid returns over a medium-term horizon. The discussion touches on practical aspects of investing and how it can fit into a broader financial plan, especially for individuals with unique tax considerations.

You'll be taken through the nuances of leveraging certain investment vehicles that align well with self-employed individuals and small business owners. The conversation highlights how strategic planning around retirement accounts can unlock significant tax advantages while simplifying complex financial decisions. Jim shares insights on why this particular strategy might be more accessible and manageable than many realize, emphasizing its potential to complement traditional retirement savings.

Thinking about new ways to diversify your retirement savings? Don’t miss this conversation—discover how life settlements and smart tax planning can unlock hidden growth for business owners and the self-employed.

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Enjoy!

Key takeaways:

• Jim's approach to finding niche investments for clients, emphasizing the importance of diversification.

• The benefits of life settlements, particularly for mid-term investment strategies with payout options ranging from 4 to 10 years.

• The importance of tax strategies for small business owners and self-employed individuals, particularly the benefits of SEP IRAs.

• The tax benefits of investing in life settlements including the ability to write off contributions and the potential for long-term returns.

• The value of working with a tax advisor to determine the best time to convert investments and manage tax liabilities.

• And much more...

James Yostrum, CPA, CMA, CGMA, MBA, is the President of MZ Business Services LLC and brings over 40 years of experience in financial, operational, purchasing, and human resources leadership across diverse industries, including manufacturing, service, and wholesale. He has played key roles in numerous successful operational and financial turnarounds. James holds an MBA and is a Certified Public Accountant, Certified Management Accountant, Chartered Global Management Accountant, and Certified QuickBooks Pro Advisor. In addition to leading MZ Business Services, he operates two thriving businesses—one focused on financial and operational consulting, and the other on real estate development—demonstrating a strong track record of strategic insight and entrepreneurial success.

Resources:

James’ LinkedIn

MZ Business Services

Life Asset, LLC