Using a Solo 401(k) presents a number of exciting tax planning and investment opportunities that allow investors to maximize their gains and take advantage of tax-free profits.
Miami, FL (PRWEB) April 19, 2013
IRA Financial Group’s Solo 401(k) solution allows investors to take advantage of the high contribution limits of a Solo 401(k) Plan. Investors can contribute up to $56,500 and take advantage of the asset protection and estate planning features of a Solo 401(k) Plan. Additionally, IRA Financial Group’s Solo 401(k) Solution allows investors to borrow up to $50,000 from their retirement funds and use it to fund a new business or partake in other investments. Now that tax season has ended, investors can take advantage of the benefits of a Solo 401(k) plan and maximize their deductions for next year’s filing deadline.
“Many retirement investors are looking to maximize the returns on and tax advantages of their retirement funds,” stated Adam Bergman, a tax attorney with the IRA Financial Group. “Using a Solo 401(k) presents a number of exciting tax planning and investment opportunities that allow investors to maximize their gains and take advantage of tax-free profits,” Mr. Bergman added.
In addition to the tremendous 401(k) benefits (tax-free profits, high tax contribution deductions - up to $56,500, asset protection and estate planning), the Solo 401(k) allows entrepreneurs to invest tax-free in investments that they know and understand and even allows them to borrow up to $50,000 or 50% of the account value for any purpose. Aside from certain "prohibited transaction" investments outlined in Internal Revenue Code Section 4975, a Solo 401(k) Plan can invest in most commonly made investments, including real estate, private business entities, public stocks, private stocks, and commercial paper.
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 Solo 401(k) 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.