IRA Financial Group Experiences High Demand for Solo 401(k) Plans from Real Estate Agents

Share Article

Solo 401(k) Plans on the rise for self-employed real estate agents

Solo 401K for Real Estate

“More and more self-employed real estate agents are beginning to understand the strong retirement, tax, and investment advantages of the solo 401(k) plan,” stated Mr. Bergman.

IRA Financial Group, the leading provider of IRS compliant solo 401k plans, experienced a strong surge in demand from self-employed real estate agents seeking to establish solo 401(k) Plans over the last 60 days. “We have seen a large number of self-employed real estate agents establishing solo 401(k) plans as a retirement and investment vehicle, “ stated Adam Bergman, a tax attorney at the IRA Financial Group. “More and more self-employed real estate agents are beginning to understand the strong retirement, tax, and investment advantages of the solo 401(k) plan,” stated Mr. Bergman.

A solo 401K plan, also called an Individual 401k plan, offers a self employed business owner the ability to use his or her retirement funds to make almost any type of investment, including real estate, tax liens, private businesses, precious metals, and foreign currency on their own without requiring custodian consent tax-free! In addition, a Solo 401K Plan will allow you to make high contribution limits (up to $54,500) as well as borrow up to $50,000 for any purpose.

A Solo 401(k) is perfect for sole proprietors, small businesses and independent contractors such as real estate agents or consultants. A Solo 401K plan offers the same advantages as a Self Directed IRA LLC, but without having to hire a custodian or create an LLC.

The solo 401k plan, also known as a self directed 401k plan, has become the most popular retirement plan for the self-employed because of its high contribution limits, flexible investment opportunities, tax-free loan feature, and its cost effective administration. For example, the solo 401k plan is easy to operate. There is generally no annual filing requirement unless the solo 401(k) plan exceeds $250,000 in assets, in which case one will need to file a short information return with the IRS (Form 5500-EZ).

The IRA Financial Group will take care of the entire set-up of your IRS compliant Solo 401k Plan. The whole process can be handled by phone, email, fax, or mail and typically takes between 2-7 days to complete, the timing largely depending on the custodian currently holding the retirement funds. Our Solo 401k experts and tax and ERISA attorneys are on site greatly reducing the set-up time and cost. Most importantly, each client of the IRA Financial Group is assigned a tax attorney to help customize the Solo 401k Plan based on the financial and retirement goals of the participant.

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.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jaclyn Baily
Visit website