Miami, FL (PRWEB) September 11, 2012
IRA Financial Group, the leading facilitator of self directed IRA LLC solutions has seen a strong growth in demand for retirement account holders looking to bolster their retirement savings by diversifying their retirement portfolio and focusing on day-trading and foreign currency investments “Over the last 18 months, we have seen a significant a number of new clients looking to use retirement funds to make day-trading, foreign currency, and other investments in order to improve their retirement prospective, “ stated Maria Ritsi, a paralegal with the IRA Financial Group.
Over the last 4 years, many Americans have been disheartened with the conventional buy-and-hold approach to retirement investing and the dismal returns it has provided. Accordingly retirement investors, especially baby boomers are eager to improve their retirement prospects. “What we have noticed is that a large portion of investors are seeking to use a self-directed IRA to trade stocks and foreign currencies on a more frequent basis, “ stated Ms. Ritsi.
“Our average client has approximately $125,000 in their retirement account, which is inline with the average American, “ stated Stacy Sanders of the IRA Financial Group. Americans collectively are $6.6 trillion short of the amount needed to retire comfortably, according to a 2010 analysis by the Center for Retirement Research at Boston College. “Accordingly, American retirement investors are eager to improve their retirement prospective and are looking to a self-directed IRA as an answer, “ stated Ms. Sanders.
The IRS has always permitted an IRA to purchase real estate, precious metals, day-trade, or invest in foreign currencies. “As the manager of your Self Directed IRA LLC, the IRA holder will have control over his or her IRA funds so that you will have direct control over your day-trading account and can make stock investments online at your convenience without requiring custodian consent,” stated Ms. Sanders. One major advantage of buying stocks or foreign currencies with a Self-Directed IRA is that all gains generated by the investment is tax-deferred until a distribution is taken (Traditional IRA distributions are not required until the IRA owner turns 70 1/2). In the case of a Self-Directed Roth IRA LLC, all gains are tax-free.
IRA Financial Group’s true self-directed IRA LLC solution 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 real estate and other investments 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, 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.