Our clients have taken advantage of the tightening credit market by using a self-directed IRA to engage in private lending transaction in order to earn higher returns,
Miami, FL (PRWEB) September 13, 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 enhance their retirement savings by using their IRA or 401(k) funds to engage in microlending transactions. “Over the last 12 months, we have seen a growing number of retirement investors looking to use a self-directed IRA to engage in private lending transactions in order to improve their retirement prospective, “ stated Maria Ritsi, a paralegal with the IRA Financial Group.
Since the stock market crash of 1998 many Americans have been disheartened with the conventional buy-and-hold approach to retirement investing and the dismal returns it has provided. Consequently retirement investors, especially baby boomers are eager to improve their retirement prospects. “Our clients have taken advantage of the tightening credit market by using a self-directed IRA to engage in private lending transaction in order to earn higher returns, “ stated Ms. Ritsi.
“Our typical IRA client has approximately $125,000 in their retirement account, which is level with the average American, “ stated Jacky Ospina 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. “Suitably, U.S. retirement investors are eager to improve their retirement prospective by engaging in micro-lending transactions via a self-directed IRA as an answer, “ stated Ms. Ospina.
The IRS allows retirement investors to use their retirement funds to engage in private lending transactions with non disqualified persons. A disqualified person is defined as a lineal descendant, grand-parent, parent, child, spouse, daughter-in-law, son-in-law or any entity controlled by such persons. “As the manager of your Self Directed IRA LLC, the IRA holder will have control over his or her IRA funds so that he or she will have direct control over their retirement funds in order to make private lending transactions tax-free and without custodian consent,” stated Ms. Ospina. One major advantage of engaging in a mico-lending transactions 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.