Flip Homes Tax-Free with IRA Financial Group’s Solo 401(k) Plan

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The Solo 401(k) Plan allows retirement investors to flip homes and buy real estate tax-free.

Solo 401K for Real Estate

The solo 401(k) plan serves as an investment and retirement vehicle so a self-employed individual can save for their retirement along with buying real estate tax-free

The solo 401(k) Plan offers one the ability to use his or her retirement funds to make almost any type of investment on their own without requiring the consent of any custodian or person. The IRS only describes the type of investments that are prohibited, which are very few.

The IRS has always permitted a retirement account to purchase real estate, raw land, or flip homes. “With IRA Financial Group’s solo 401(k) Plan, flipping a home is as simple as writing a check and is tax-free, “ stated Adam Bergman, a tax attorney with the IRA Financial Group. “As trustee of the solo 401(k) plan, the plan participant will have control over his or her retirement funds so that an purchase or sale can be made by simply writing a check,” stated Mr. Bergman. One major advantage of flipping homes with a solo 401(k) plan, is that all gains are tax-deferred until a distribution is taken (pre-tax 401(k) plan distributions are not required until the IRA owner turns 70 1/2). In the case of a Roth solo 401k Plan, all gains are tax-free.

IRA Financial Group’s solo 401K plan is unique and so popular because it is designed explicitly for small, owner only business. With IRA Financial Group’s solo 401K plan, self-employed individuals or small business owners with no employees can benefit by making high annual contributions – up to $50,000 - with an additional $5,500 catch-up contribution for those over age 50, make traditional as well as non-traditional investments, such as real estate, as well as borrow up to $50,000 or 50% of their account value tax-free and penalty free. IRA Financial Group’s solo 401(k) plan is a trustee directed plan meaning the trustee and not the custodian is in charge of making investment decisions on behalf of the plan. With a individual 401k plan, in most cases the trustee will be the plan participant providing the plan participant with greater control and investment authority over his or her retirement funds. In addition, with IRA Financial Group’s solo 401K Plan, the plan account can be opened at any local bank, including Chase, Wells Fargo, and even Fidelity.

IRA Financial Group’s solo 401K plan is easy to operate. There is generally no annual filing requirement unless the fair market value of the assets in the solo 401K Plan exceed $250,000, in which case a short information return will be required to be filed with the IRS (Form 5500-EZ).

“The solo 401(k) plan serves as an investment and retirement vehicle so a self-employed individual can save for their retirement along with buying real estate tax-free,” stated Mr. Bergman.

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.

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Jaclyn Baily
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