IRA Financial Group Sees Increased Demand for Solo 401(k) Plan from Real Estate Investors

Share Article

Real Estate investors turning to Solo 401K Plan to make real estate investments tax-free with retirement funds

IRA Financial Group Logo

“Over the last year, we have seen a significant number of self-employed investors looking to adopt a solo 401K Plan as both a retirement plan and investment vehicle”, stated Scott Krokoff, tax attorney at the IRA Financial Group.

Over the last three (3) months, the IRA Financial Group has seen a 27% increase in the number of investors looking to use a Solo 401(k) Plan as a self directed retirement vehicle to make real estate purchases. More and more retirement investors are seeking a source of diversification for their retirement funds and are turning to the domestic and foreign real estate market as a source of asset allocation and diversification.

The solo 401(k) Plan, also known as the individual 401(k) Plan or self-directed 401(k), is an IRS approved qualified retirement plan that was created specifically for the self-employed. The IRS created the solo 401k Plan to be a cost effective retirement solution for the self-employed or a business owner with no employees. A solo 401K is perfect for sole proprietors, small businesses and independent contractors such as consultants. A solo 401k plan offers the same advantages as a self-directed IRA, but without having to hire a special custodian or create an LLC. A solo 401K plan can be adopted by any business type, including a sole proprietorship, Corporation, LLC, or partnership. With IRA Financial Group’s IRS approved solo 401(k) plan, as trustee of the solo 401(k) plan, the plan participant has the ability to make investment decisions on behalf of the plan without seeking the consent of the custodian. Accordingly, the trustee of the solo 401(k) plan has “checkbook control” over his or her retirement funds to make real estate and other investments tax-free. “Over the last year, we have seen a significant number of self-employed investors looking to adopt a solo 401K Plan as both a retirement plan and investment vehicle,” stated Scott Krokoff, tax attorney at the IRA Financial Group. “The beauty of the solo 401(k) plan is that it allows one to defer up to $49,000 annually for retirement while gaining the ability to make real estate and other investments tax-free,” stated Scott Krokoff.

The recent turmoil surrounding Wall Street has caused a number of self-employed individuals to search for alternative retirement and investment options. Many of these self-employed individuals have turned to the solo 401k plan, contributing to its enormous popularity. “The advantage of using a solo 401(k) plan established with IRA Financial Group for real estate is that it is a trustee directed plan meaning you will not be required to seek the consent of a custodian before making the real estate investment,” stated Adam Bergman, tax attorney at the IRA Financial Group.

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.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jaclyn Baily
IRA Financial Group, LLC
800-472-0646 9
Email >
Visit website