Over the last several weeks, we have helped numerous American Airline pilots establish self-directed IRA LLC solutions to make real estate and other investments with their retirement funds
Miami, FL (PRWEB) March 21, 2013
IRA Financial Group, the leading provider of self-directed IRA LLC “checkbook control” structures has seen a growing number of American Airline pilots looking to invest their “B-fund” retirement plan assets in a self directed IRA LLC. In light of American Airlines pending bankruptcy plan, which has been previously reported on the American Airlines website, American Airline pilots have been turning to IRA Financial Group’s Self-Directed IRA LLC solution as a means of investing and diversifying their retirement funds. “Over the last several weeks, we have helped numerous American Airline pilots establish self-directed IRA LLC solutions to make real estate and other investments with their retirement funds, “ stated Adam Bergman, a tax attorney with the IRA Financial Group.
According to American Airlines, the Plan Sponsor (AMR) has provided American Airline pilots with three options: (1) rollover existing retirement funds into a qualified IRA; (2) rollover retirement funds into the Plan Sponsor's existing qualified plan (SuperSaver) or (3) receive a taxable lump sum distribution. IRA Financial Group tax attorneys have reviewed the options for hundreds of AA pilots and believe that Option 1 provides the American Airline pilots with the most flexibility.
IRA Financial Group’s self directed IRA LLC offers American Airline pilots 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, including real estate. The IRS only describes the type of investments that are prohibited, which are very few.
IRA Financial Group’s Self-Directed IRA LLC also called a real estate IRA with checkbook control, is an IRS approved structure that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. The Self-Directed IRA 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 owner will have control over the IRA assets to make the investments he or she wants and understand – not just investments forced upon you by Wall Street.
“With IRA Financial Group’s self-directed IRA LLC solution, investors can make real estate and other investments and generate income and gains while deferring taxes,” stated Mr. Bergman. “A growing number of clients are realizing that using self directed IRA to make investments will become far more tax efficient than in prior years due to the increasing capital gains tax rates, stated Jacky Ospina, a senior paralegal with the IRA Financial Group. One major advantage of using a Self-Directed IRA is that all rental income 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.
“The beauty of the IRA Financial Group is that each client is assigned a tax attorney to help establish the self directed IRA LLC structure, in addition, to advising on the self directed IRA prohibited transaction rules, “ stated Ms. Ospina.
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. With our work experience at some of the largest law firms in the country, our attorneys legal and tax knowledge in this area is unmatched.
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.