The Roth Solo 401(k) Plan is a great and tax-efficient way to pass funds to a beneficiary, especially children or grandchildren tax-free and without any generation skipping taxes
Miami, FL (PRWEB) March 20, 2013
IRA Financial Group, the leading provider of self-directed Roth Solo 401(k) plans announces the establishment of its new Roth Solo 401K estate plan. The new Roth Solo 401(k) Estate plan will allow self-employed individuals and small business owners to pass funds to children or grandchildren tax-free. With the Roth Solo 401K Plan, one can make up to $23,000 of Roth contributions annually for 2013 and have that money grow tax-free. Upon the death of the Roth IRA holder, a self-directed Roth IRA funds can pass tax-free to a spouse and beneficiary and the beneficiary can get tax-free use of the funds. “The Roth Solo 401(k) Plan is a great and tax-efficient way to pass funds to a beneficiary, especially children or grandchildren tax-free and without any generation skipping taxes, “ stated Adam Bergman, a tax attorney with the IRA Financial Group. “Our Roth Solo 401(k) Plan is a perfect way to pass tax-free funds to a spouse or beneficiary, “stated Mr. Bergman.
With IRA Financial Group’s Roth Solo 401K, a self-employed business owner can make almost any investment tax-free, including real estate, tax liens, precious metals, currencies, options, and private business investments tax-free.
With IRA Financial Group’s Roth Solo 401(k), a small business owner who reaches the age of 591/2 can generally live off the Roth 401K investment income tax-free or take a portion of the Roth 401K funds and use it for any purpose without ever paying tax. The Roth 401(k) Plan owner has the ability to use those funds for any reason, personal or business, or can leave the funds to a family member tax-free.
IRA Financial Group’s self-directed Roth Solo 401(k) Plan combines features of the traditional 401(k) with those of the Roth IRA. Like a Solo 401K Plan, the Roth Solo 401K Plan is perfect for any self-employed individual or small business owner with no employees. The Roth Solo 401K Plan contains the same advantages of a Solo 401(k) Plan, but as with a Roth IRA, contributions are made with after-tax dollars. By using after-tax dollars, the individual will not receive an upfront tax deduction, but will ultimately benefit from tax-free appreciation and the ability to transfer funds to a future generation without tax,” stated Mr. Bergman.
IRA Financial Group’s Roth Solo 401(k) is perfect for any self-employed individual who wishes to maximize their ability to generate tax-free retirement savings while receiving the ability to invest in real estate, precious metals, private businesses or funds tax-free and without custodian consent.
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 and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have 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 tax-free and 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.