Unbeknown to many retirement investors, some financial advisors are receiving back-door payments or hidden fees for steering people into high fee retirement investments
New York, NY (PRWEB) February 25, 2015
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC and Solo 401(k) plan solutions, expects to experience a growth in demand from retirement investors looking to reduce retirement plan fees as well as better diversifying their retirement portfolio.
In remarks at the American Association of Retired Persons (AARP) on Monday, February 23, 2015, President Obama discussed the need to impose fiduciary obligations on brokers and financial advisers working with retirement plans, insisting that new rules are a needed consumer protection to prevent billions in costs due to bad advice. The President echoed the concerns of many self-directed IRA investors who felt troubled by high costs charged by investment advisers for their IRA investments. “Unbeknown to many retirement investors, some financial advisers are receiving back-door payments or hidden fees for steering people into high fee retirement investments, stated Adam Bergman, a tax partner with the IRA Financial Group.
According to Mr. Bergman, “ we have seen a surge in retirement account investors looking to the self-directed IRA as a way to make investments they know and understand that do not come along with hidden or backdoor fees. The self-directed IRA is an attractive solution for many retirement investors because they have greater authority over their investment decisions and have a greater level of control over the fees.
The primary advantage of using a Self Directed IRA LLC or Solo 401(k) Plan to make investments, traditional as well as alternative, such as real estate and all the income and gains associated with the investment grow tax-deferred.
Using IRA Financial Group’s self directed IRA LLC with “checkbook control” solution to make IRA real estate investments offers a number of very interesting investment opportunities, including the ability to diversify ones retirement portfolio with real estate, precious metals, and other alternative investment options. “By making year-end self-directed real estate IRA investments, retirement investors can insulate themselves from a turbulent stock market in light of the looming fiscal cliff issues, “ stated Mr. 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, 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.