New York, NY (PRWEB) April 02, 2014
IRA Financial Group, a provider of self-directed IRA LLC & Solo 401(k) plan solutions, announces the finding of a 2013 client survey which detailed how in 2013 its self-directed and solo 401(k) plan clients invested over $420 million in the U.S. and foreign real estate markets, making IRA Financial Group the leading facilitator of “checkbook control” self-directed IRA LLC and Solo 401(k) Plans. The 2013 survey was sent to over 3000 clients and almost 10% of those surveyed responded. The survey covered a number of matters involving the use of self-directed IRA LLC and solo 401(k) Plan funds for investment.
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 the IRA holder or any third-party. As manager of the IRA LLC, the IRA holder will have control over the IRA assets to make the investments he or she wants and understands.
A solo 401K Plan, also known as a self-employed solo 401(k) plan or self-directed 401(k) plan offers one the ability to make annual contributions of up to $52,000 ($57,500 for those over the age of 50) for 2014, borrow up to $50,000, as well as use his or her retirement funds to make almost any type of investment on their own tax-free and penalty free without requiring the consent of any custodian or person.
With IRA Financial Group’s self directed IRA LLC & Solo 401k Plan solutions, traditional IRA or Roth IRA funds can be used to buy real estate throughout the United States and globally in a tax-deferred account by simply writing a check. “Even with real estate prices increasing, in 2013 our clients invested over $420 million in cash in real estate and have been able to find attractive real estate opportunities for their retirement account, “ stated Adam Bergman, a tax partner with the IRA Financial Group. “Using a Self Directed IRA LLC or Solo 401(k) Plan to buy real estate presents a number of exciting tax planning opportunities, “ stated Adam Bergman, a tax attorney with the IRA Financial Group.
To date, the IRA Financial Group has helped thousands of Americans take back control of their retirement funds, and that number keeps growing. Since the 2008 financial crisis, the IRA Financial Group has helped over 6500 clients take control over their retirement funds via a self-directed IRA LLC or Solo 401(k) Plan.
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.