Asset protection has become an increasingly important area for a retirement investors in light of a heightened litigious environment
New York, NY (PRWEB) July 01, 2014
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA and Solo 401(k) Plans has seen a growing number of clients using the self-directed IRA LLC structure not merely as a retirement and investment program, but also for asset and creditor protection purposes. Using retirement funds to make investments not only allow for tax-deferred growth but they also will better shielded potential confiscation or seizure. “Asset protection has become an increasingly important area for a retirement investors in light of a heightened litigious environment," stated Adam Bergman, a tax partner with the IRA Financial Group.
Retirement accounts have become many Americans' most valuable assets. That means it is vital that Americans have the ability to protect them from creditors, such as people who have won lawsuits against you.
According to Mr. Bergman, in general, the asset/creditor protection strategies available to you depend on the type of retirement account you have (i.e. Traditional IRA, Roth IRA, or 401(k) qualified retirement plan), state of residency, and whether the retirement assets have been inherited or not.
Using a Self-Directed IRA LLC will offer one the ability to make a wide range of traditional as well as non-traditional investments, such as real estate, in addition to offering strong asset and creditor protection. In addition, by using an LLC wholly owned by your IRA, one will also gain another layer of limited liability protection. In this regard, using a Self-Directed IRA LLC to make investments offers you far greater asset and creditor protection versus making the investment personally. “For this reason, growing and investing your retirement funds through a Self-Directed IRA LLC is a great tool to protect your retirement assets from creditors, inside or outside of bankruptcy," 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 provider of IRS approved self-directed IRA LLC and solo 401(k) Plans. 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.