IRA Financial Trust Company – Self-Directed IRA Custodian – To Offer Self-Directed HSA and Coverdale Education Savings Accounts

Share Article

IRA Financial Trust Company, a self-directed IRA custodian, will begin offering self-directed HSA & Coverdale accounts beginning in August 2016

IRA Financial Trust Company, a self-directed IRA custodian, will begin offering self-directed HSAs & Coverdale accounts beginning in August 2016.

With IRA Financial Trust you can now make investment directly from your custodian account or via a checkbook control structure through a self-directed HSA or Coverdale for one low annual fee

IRA Financial Trust – a self-directed IRA custodian – is proud to announce that beginning in August 2016, it will begin offering self-directed Health Savings Accounts and Coverdale Education Savings Accounts to its clients. IRA Financial Trust clients will have the opportunity to hold their retirement funds held at Northern Trust, one of the most respected banks in the world, offering our self-directed HAS and Coverdale clients with a safe and secure way to make alternative asset investments, such as real estate, precious metals, tax liens, and much more though a self-directed IRA or solo 401(k) plan.

IRA Financial Trust Company is a regulated non-banking financial institution that allows its clients to make traditional as well as alternative self-directed IRA investments, such as real estate. “With IRA Financial Trust you can now make investment directly from your custodian account or via a checkbook control structure through a self-directed HSA or Coverdale for one low annual fee,” stated Adam Bergman, President of the IRA Financial Trust Company.

According to Mr. Bergman, if ones modified adjusted gross income (MAGI) is less than $110,000 ($220,000 if filing a joint return), one may be able to establish a Coverdell ESA to finance the qualified education expenses of a designated beneficiary. However, total contributions for the beneficiary in any year can't be more than $2,000. A beneficiary can be anyone who is under age 18 or is a special needs beneficiary. Whereas, a health savings account (HSA) is set-up to pay or reimburse certain medical expenses you incur. To be an eligible individual and qualify for an HSA, one must meet the following requirements (i)) must be covered under a high deductible health plan (HDHP), on the first day of the month, (ii) have no other health coverage except what is permitted, (iii) Are not enrolled in Medicare, and (iv) cannot be claimed as a dependent on someone else's 2015 tax return. The maximum contribution amount for 2016 is $6,750 plus a catch-up of $1000 if over the age of 55. The main advantages of establishing an HAS are: (i) Claim a tax deduction for contributions you, or someone other than an employer, make to the HSA even if one does not take itemize deductions on Form 1040, (ii) Contributions to the HSA made by the employer (including contributions made through a cafeteria plan) may be excluded from gross income, (iii) Contributions remain in the account until used, and (iv) interest or other earnings on the assets in the account are tax free.

IRA Financial Trust Company was founded by Adam Bergman, a partner with the IRA Financial Group. The IRA Financial Group, the leading provider of self-directed IRA retirement solutions. 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 Trust Company, please visit our website at http://www.irafinancialtrust.com or call 800-472-1043.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jaclyn Baily
IRA Financial Group, LLC
+1 (800) 472-0646 Ext: 9
Email >
Visit website