I have written two books on the self-directed solo 401(k) plan and believe it is the most robust retirement plan for the self-employed or small business owner with no full-time employees
MIAMI BEACH, Fla. (PRWEB) September 17, 2019
IRA Financial Group & IRA Financial Trust Company ("IRA Financial"), a leading financial technology Self-Directed IRA and Solo 401(k) plan provider & custodian, announces that is has surpassed 6,000 self-directed Solo 401(k) plans, believed to be the most in the country.
“I have written two books on the self-directed solo 401(k) plan and believe it is the most robust retirement plan for the self-employed or small business owner with no full-time employees,” says Adam Bergman, President of IRA Financial Group & IRA Financial Trust Company.
The Solo 401(k) structure, also known as the one-participant plan, allows business owners to invest in traditional as well as alternative asset investments, such as real estate, tax liens and cryptocurrency. The plan also allows participants to make higher contributions (up to $62,000 in pre-tax, after-tax, or Roth) and borrow up to $50,000 tax and penalty free.
"IRA Financial’s Solo 401(k) plan is 100% open architecture and self-directed," explains Mr. Bergman. "IRA Financial handles all plan IRS administration for one low annual fee."
IRA Financial, one of the country's fastest growing providers of Self-Directed retirement plans, has helped over 16,000 clients invest over $4.5 billion in retirement funds in alternative assets through its self-directed IRA and self-directed solo 401(k) plans. IRA Financial has also developed the first mobile app in the self-directed marketplace that allows clients to be onboarded and invest in alternative asset investments 100% digitally.
IRA Financial Group & IRA Financial Trust Company offers the Self-Directed IRA and Solo 401(k) plan platform, which allows investors to invest in IRS approved alternative asset investments digitally and with no account valuation or minimum balance fees. The primary advantage of using a self-directed solo 401(k) plan to make private IRS approved alternative asset investments, is that one can diversify their retirement assets and invest in what one knows and trusts. In addition, with a self-directed solo 401(k) plan generally all income and gains associated with the retirement account investment grow tax-deferred or tax-free in the case of a Roth solo 401(k).
“We continue to see huge demand for the self-directed solo 401(k) plan because of the multitude of exciting retirement and investment options it offers,” stated Mr. Bergman.
IRA Financial Group is the market's fastest growing provider of self-directed retirement plans. IRA Financial Group has helped over 16,000 thousand clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate, cryptocurrency, and private business investments.
The IRA Financial Trust Company, a self-directed IRA custodian, was founded by Adam Bergman, a partner with the IRA Financial Group. Mr. Bergman is a leading expert on the taxation of retirement funds and has authored multiples articles on how to use a self-directed IRA to buy cryptocurrencies.
Adam Bergman, IRA Financial Group partner, has written seven books on the topic of self-directed retirement plans, including, “How to use Retirement Funds to Purchase Cryptocurrencies," "Turning Retirement Funds into Start-Up Dreams," "Solo 401(k) Plan in a Nutshell," and "In God We Trust in Roth We Prosper."
To learn more about the IRA Financial Group please visit their website at http://www.irafinancialgroup.com or call 800-472-0646.