“In lieu of an increasingly unstable U.S. economy, more and more people are seeing the need to have control over their retirement funds”, says Adam Bergman a tax attorney with the IRA Financial Group.
Miami, FL (PRWEB) October 19, 2011
With the declining stock market, and the most recent downgrade of the United States credit rating by S&P in August of 2011, many Americans have lost faith in Wall Street and have recognized the value of diversifying their retirement portfolios with real estate and other nontraditional investment through a self directed IRA. A growing number of retirement investors have begun looking for ways to better protect their and have turned to the self directed IRA as a means for making real estate, precious metals, international stocks, bonds, and foreign currency transactions tax-free.
“In lieu of an increasingly unstable U.S. economy, more and more people are seeing the need to have control over their retirement funds”, says Adam Bergman a tax attorney with the IRA Financial Group. “A self-directed IRA with checkbook control provides an attractive tool for investors looking to diversify and protect their retirement portfolio,” says Adam Bergman.
A Self-Directed IRA, also called a Self-Directed IRA LLC with checkbook control, is an IRS approved structure that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. The Self-Directed IRA involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the IRA custodian) and managed by you or any third-party. As manager of the IRA LLC, you will have control over the IRA assets to make the investments you want and understand – not just investments forced upon you by Wall Street.
With a self-directed IRA with checkbook control established through IRA Financial Group, an investor is able to use retirement funds to make domestic or foreign real estate, precious metals, tax liens, foreign currency, and many other investments tax-free and without custodian consent! Using a self-directed IRA LLC, clients of the IRA Financial Group have be able to re-allocate his or her retirement portfolio into different asset classes, such as real estate or foreign currency, which should prove more resilient against a United States financial or debt crisis.
Scott Krokoff, a tax attorney with IRA Financial Group, elaborates on the benefits of alternative retirement, ”With a Self-Directed IRA structure, you will have the power to act quickly on a potential investment opportunity. When you find an investment that you want to make with your IRA funds, as manager of the checkbook IRA LLC, simply write a check or wire the funds straight from your Self-Directed IRA LLC bank account to make the investment.” The Self-Directed IRA allows you to eliminate the delays associated with an IRA custodian, enabling you to act quickly when the right investment opportunity presents itself. In addition, with the Self-Directed IRA structure, all income and gains from IRA investments will generally flow back to your IRA LLC tax-free.
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 Self Directed IRA real estate 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.