The IRA Financial Group Self-Directed IRA LLC Solution presents a number of exciting tax planning and investment opportunities that allow investors to purchase real estate and they have been taking advantage of that at an increasing rate
Miami, FL (PRWEB) March 01, 2013
The IRA Financial Group reports an increase in new home sales fueled by Self-Directed IRA investors using their retirement funds to purchase real estate. New home sales jumped 28.9% in January from the previous year to the highest annual sales pace in four years, according to data released Tuesday by the Commerce Department. Investors are increasingly using Self-Directed retirement funds to purchase real estate because this allows them to do so without having to obtain a mortgage for the property. Self-Directed retirement accounts allow investors to control exactly what their retirement funds are used to invest in.
Adam Bergman, a tax attorney with the IRA Financial Group, has seen an increase in investors using funds from their Self-Directed retirement plans to purchase real estate. “Many retirement investors are looking to purchase a home with their retirement funds,” Mr. Bergman stated. “The IRA Financial Group Self-Directed IRA LLC Solution presents a number of exciting tax planning and investment opportunities that allow investors to purchase real estate and they have been taking advantage of that at an increasing rate,” Mr. Bergman added.
The IRS has always permitted an IRA to purchase real estate, raw land, or flip homes. Investors can even purchase homes for use as rental properties. One major advantage of buying rental properties with retirement funds is that all rental income generated by the property 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. Unlike a Traditional IRA, an individual is not permitted to take an income tax deduction for their Roth IRA contributions. All Roth IRA contributions are made with after-tax dollars, meaning that the amount of the contribution is treated as basis in the IRA. Earnings and gains from a Roth IRA are tax-deferred and may be tax-exempt if certain conditions are met. What this means is that all income and gains generated by a Roth IRA investment are not subject to income tax.
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.