Miami, FL (PRWEB) October 13, 2011
Lately a growing number of investors are turning to a self directed IRA as a means of purchasing Facebook and other pre-IPO tech companies stock. With an increased numbers of sophisticated investors looking to get a piece of America’s fastest growing tech companies, a shadow or secondary market is gaining popularity allowing investors to purchase stock of rapidly growing social network and tech companies, such as Facebook, Twitter, and LinkedIn. Because a large portion of American’s savings are ties up in retirement funds, a growing number of investors are looking to use their retirement funds as a source of funds for these pre-IPO tech companies. Of course, the advantage of using retirement funds to purchase such stock is that all gains would flow back to the IRA or 401(k) account tax-free. “Using a self directed IRA is in some cases is the only way investors can get a piece of some of America’s fastest growing social networking and tech companies,” stated Adam Bergman, tax attorney at the IRA Financial Group.
With a self directed IRA with checkbook control, an investor would be able to use retirement funds to purchase pre-IPO tech stock, such as Facebook tax-free and without custodian consent. With a self-directed IRA, IRA or 401(k) assets are transferred or rolled over tax-free to an IRA custodian who permits these types of investments. A special purpose limited liability is formed, which will be owned by the IRA (care of the custodian) and managed by the IRA holder (you). The investor, as manage of the IRA LLC, then has the ability to make the investment tax-free and without custodian consent. Using a self-directed IRA LLC, the IRA holder would be able to take advantage of the emerging pre-IPO secondary stock market. “With the lack of IPOs over the last several years, investors are eager to get a piece of some of America’s fastest growing companies using a tax-efficient vehicle, such as a self directed IRA”, stated Adam Bergman.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading Checkbook Control Self Directed IRA and Solo 401k Plan Facilitator. We have helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate tax-free and without custodian consent!
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.
# # #w