“More and more self-employed individuals are beginning to recognize the retirement and investment advantages of the Flex Solo 401(k) Plan,” stated Mr. Bergman.
Miami, FL (PRWEB) November 09, 2011
IRA Financial Group, the leading provider of self-directed solo 401(k) plans, announces the tripling of its solo 401(k) plan department over the last eight (8) months. In order to meet the surging demand for its Flex Solo 401K Plan, IRA Financial Group has tripled the size of its solo 401(k) plan department. “Over the last 8 months we have seen a significant surge in the number of self-employed individuals turning to the solo 401(k) plan as both a retirement and investment vehicle,” stated Adam Bergman, a tax attorney with the IRA Financial Group. “More and more self-employed individuals are beginning to recognize the retirement and investment advantages of the Flex Solo 401(k) Plan,” stated Mr. Bergman.
The Flex Solo 401K Plan is a cost effective 401(k) plan that was designed specifically for the self-employed or the small business owner with no employees. The Flex solo 401K plan, also called the Individual 401K or Self Directed 401K Plan is a retirement plan designed to maximize contributions and be less complex and less expensive to maintain than a conventional 401(k) Plan. With the Flex Solo 401(k) Plan, a plan participant can make high contributions – up to $54,000 – borrow $50,000 or 50% of his or her account value, and make real estate and other investments tax-free and without custodian consent.
With the Flex Solo 401K Plan, as trustee of the plan, the plan participant will have the ability to make traditional (stocks, mutual funds, etc) as well as non-traditional investments (real estate, precious metals, tax liens, private businesses, etc) tax free and without requiring the custodian consent. Furthermore, IRA Financial Group’s Flex Solo 401K Plan account can be opened at any local bank or credit union. “No longer will an individual be told by a bank that he or she cannot make IRS approved investments with their retirement funds such as real estate,” stated Mr. Bergman.
With IRA Financial Group’s Flex Solo 401(k) Plan, each individual will have checkbook control over their retirement funds so they can purchase real estate, precious metals, and much more 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.