Archive for October, 2014

The Self-Directed IRA is an IRS Approved Retirement Solution

October 30th, 2014

The ability to invest retirement funds in a newly established special purpose entity owned 100% by an IRA and managed by the IRA holder has been deemed legal by the Tax Court and IRS for over 18 years. However, only until recently, did the Tax Court confirm that the use of a newly established limited […]

Read More →

Definitions of Some of the More Important Retirement Terms

October 29th, 2014

Here are a few quick definitions of the more common retirement terms.:  Checkbook Control A Checkbook IRA plan is generally also referred to as a Self Directed IRA LLC. In each case, a limited liability company (“LLC”) or trust is established that is owned by the IRA account and managed by the IRA account holder. […]

Read More →

IRS Announces Higher Annual Solo 401(k) Plan Contribution Limitations for 2015

October 28th, 2014

Self-employed individuals and business owners can defer up to $53,000 and $59,000 if over 50 years old in 2015 According to an Internal Revenue Service (IRS) announcement from October 23, 2014, starting on January 1, the Internal Revenue Services (“IRS”) announced that self-employed individuals and small business owners that have adopted a solo 401K plan […]

Read More →

Check Out Our Solo 401k Loan Calculator

October 27th, 2014

Internal Revenue Code Section 72(p) allows a Solo 401K Plan participant to take a loan from his or her Solo 401K Plan, also called an Individual 401K or Self Directed 401K, so as long as it is permitted pursuant to the business’s 401K Plan documents. A Solo 401k loan is permitted at any time using […]

Read More →

Why Choose Us When Funding a Business with Your Retirement Plan

October 24th, 2014

The IRA Financial Group was founded by a group of top law firm tax and ERISA professionals who have worked at some of the largest law firms in the country, including White & Case LLP and Dewey & LeBoeuf LLP. The legality of using retirement funds to purchase employer corporate stock is firmly established in […]

Read More →

The Rules for a Roth IRA Real Estate Plan

October 23rd, 2014

A Self-Directed Roth IRA LLC offers one 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. The IRS and Department of Labor only describe the types of investments that are prohibited, which are very few. The […]

Read More →

What Exactly is Unrelated Business Taxable Income?

October 22nd, 2014

The tax advantage of an IRA is that income is tax-free until distributed. In general, an exempt organization is not taxed on its income from an activity that is substantially related to the charitable, educational, or other purpose that is the basis for the organization’s exemption. Such income is exempt even if the activity is […]

Read More →

IRA Financial Group Announces Online Banking Self-Directed Solo 401(k) Plan

October 21st, 2014

IRA Financial Group, the leading Solo 401(k) Plan provider, announces the introduction of an online banking self-directed solo 401(k) plan program for the self-employed or small business owner with no employees. IRA Financial Group’s new online banking individual 401k Plan was designed to offer self-employed retirement investors a diverse and wide array of investment opportunities […]

Read More →