With the IRA contribution deadline for 2014 - April 15, 2015, now is the time to make any last minute self-directed IRA contributions for the 2014 taxable year
New York, NY (PRWEB) April 14, 2015
IRA Financial Group, the leading facilitator of self-directed IRA LLC solutions, announces that there is still time to make pre-tax IRA or after-tax (Roth) IRA contributions to a self-directed IRA. For the 2014 taxable year, the IRS announced that the maximum one can contribute to a traditional self-directed IRA or a Roth IRA is the smaller of: $5,500 ($6,500 if you’re age 50 or older), or ones taxable compensation for the year. The IRA contribution limit does not apply to rollovers and qualified reservist payments.
Under the 2014 self-directed IRA and self-directed Roth IRA contributions rules, an individual with earned income can fund a self-directed IRA with up to $5500 or $6500 if over 50. “With the IRA contribution deadline for 2014 - April 15, 2015, now is the time to make any last minute self-directed IRA contributions for the 2014 taxable year, “ stated Adam Bergman, a partner with the IRA Financial Group.
The primary advantage of using a self-directed IRA LLC to make investments is that investments can be made by simply writing a check. In addition, all income and gains associated with the IRA investment grow tax-deferred. “Taking advantage of the annual IRA contributions is a great way to increase the value of your IRA while at the same time creating additional funds available for your self-directed IRA investments, “ stated Mr. Bergman.
With IRA Financial Group’s self directed IRA LLC solution, traditional IRA or Roth IRA funds can be used to make investments throughout the United States and globally in a tax-deferred or tax-free account by simply writing a check. The Self-Directed IRA LLC involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the Roth IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA owner will have control over the IRA assets to make traditional as well as non-traditional investments, such as real estate.
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, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market's leading “checkbook control Self Directed IRA Facilitator. IRA Financial Group has 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 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.