Can You Make Multiple Investments within One Self-Directed IRA?

September 20th, 2017

Yes. You are permitted to make multiple investments with your Self Directed IRA LLC as long as they are not prohibited transactions. The following investments have been the most popular investments for our Self-Directed IRA clients for September 2017: Cryptocurrency Even though Bitcoin is labeled as a “cryptocurrency”, from a Federal income tax standpoint, Bitcoins […]

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IRA Financial Group Announces It Will Spend $25,000 to Help Florida Office Employees Recover From Hurricane Irma

September 20th, 2017

IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans, announces that it will be spending $25,000 over the coming months to help employees in their Miami office cope and recover from the personal devastation caused by Hurricane Irma. Hurricane Irma caused billions of dollars in damages across the United States, […]

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Using a Solo 401k for House Flipping Purposes

September 15th, 2017

Since the creation of the Solo 401(K) Plan back in the early 1980s, the IRS has always permitted a Solo 401(K) Plan to purchase, hold, or flip real estate.  By using a Solo 401(K) Plan, also known as a self-directed 401(K) Plan or Individual 401(K) Plan, to buy real estate, you will be able to […]

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IRA Financial Group Introduces New Solo 401(k) Plan Bitcoin Solution For Retirement Account Investors

September 13th, 2017

Solo 401(k) Plan option offers retirement account holders the ability to trade or hold Bitcoins and other cryptocurrency without tax IRA Financial Group, the leading provider of Self-Directed IRA LLC and Solo 401(k) Plan solutions, is proud to announce the introduction of the Bitcoin Solo 401(k) Plan option to all retirement account holders. IRA Financial […]

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Your Self-Directed IRA Fees May Be Tax Deductible

September 11th, 2017

Unbeknownst to many retirement account holders, payment of individual retirement account (“IRA”) custodian/trustee fees may be generally tax-deductible. Under Internal Revenue Service (“IRS”) rules, in place of the standard deduction, one can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040 or Form 1040NR). One can only claim the amount of expenses […]

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Loans From 401(k) Plans Are Viable Last Resort For Hurricane Victims

September 7th, 2017

Here’s another article from Adam Bergman that appeared on Forbes.com – Hurricane Harvey has set a record for rainfall in the continental United States. It is estimated that some 100,000 homes have been affected by Harvey all with differing degrees of insurance coverage.  In addition, at least 37 people have died from the storm. Over […]

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When Are you Allowed to Make a Contribution to a Traditional IRA?

September 5th, 2017

Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your tax return for that year, not including extensions. For most people, this means that contributions for 2017 must be made by April 17, 2018, and contributions for 2018 must be […]

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Individual 401(k) Contribution Limits for 2017

September 4th, 2017

Under the 2017 Solo 401(k) contribution rules, a plan participant under the age of 50 can make a maximum employee deferral contribution in the amount of $18,000. That amount can be made in pre-tax or after-tax (Roth). On the profit sharing side, the business can make a 25% (20% in the case of a sole […]

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