New York, NY (PRWEB) January 07, 2014
Starting on January 1, 2014, the Internal Revenue Services (“IRS”) announced that the maximum one can contribute to a traditional self-directed IRA or a Roth self-directed IRA is the smaller of: $5,500 ($6,500 if you’re age 50 or older), or ones taxable compensation for the year, the same as in 2013 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 $5,500 ($6,500 if over 50). “With IRA contributions remaining the same as 2013, we expect strong demand for individuals looking to use a self-directed to make traditional as well as non-traditional investments, “ stated Joel Baum, a CPA with the IRA Financial Group. “Retirement investors are going to need to look for investments that offer high returns in light of the 2014 IRA and Roth IRA contributions limitations, “ stated Mr. Baum.
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. “With a self-directed IRA LLC retirement investors are able to act quickly when the right investment presents itself, greatly accelerating the likelihood of winning a bidding war, something that many of our investors appreciate, “ stated Mr. Baum.
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 and real estate IRA provider. 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.