Some Prohibited Transactions Using a Solo 401(k)

April 2nd, 2014

Categories of Prohibited Transactions In general, the type of transactions that could fall under the prohibited transaction rules pursuant to Code Section 4975 can be viewed in the context of three unofficial categories: Direct Prohibited Transactions 4975(c)(1)(A): The direct or indirect Sale, exchange, or leasing of property between a Solo 401(k) Plan and a “disqualified […]

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New IRS Notice Confirms Tax Treatment of Bitcoins as Property and not Currency – Expected To Increase Popularity for Self-Directed IRAs

April 2nd, 2014

In Notice 2014-21, the IRS stated that it will tax digital money such as Bitcoin like property, not currency confirming Bitcoins as an approved investment for retirement funds IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans has seen an increase in retirement investors looking to use retirement funds, via […]

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What are the eligibility requirements for a Solo 401(k) Plan?

April 1st, 2014

A Solo 401(k) Plan plan is well suited for businesses that either do not employ any employees or employee certain employees that may be excluded from coverage. A Solo 401(k) plan is perfect for any sole proprietor, consultant, or independent contractor. To be eligible to benefit from the Solo 401(k) plan, investor must meet just […]

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How Long Does it Take to Set Up a Self Directed IRA?

April 1st, 2014

It generally takes anywhere from 7-21 days to set-up the Self Directed IRA LLC structure. Our in-house retirement tax professionals will complete all the necessary IRA rollover or transfer paperwork in order to help transfer your existing retirement funds tax-free to the new passive custodian so that your funds will be available for investment in […]

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Self-Directed IRA LLC Structure Aiding Real Estate Investors Win Bidding Wars for Real Estate

March 31st, 2014

Lack of Inventory and multiple home offers for real estate have caused retirement investors to turn to “checkbook control” Self-Directed IRA LLC to access cash According to Report IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions, announces the finding of its internal report that found that the lack of inventory […]

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Tips for Investing with a Solo 401(k)

March 28th, 2014

A Solo 401(k) Plan 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 foundation […]

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Self-Directed IRA LLC Providing Business Opportunities to Real Estate Brokers

March 26th, 2014

Increased popularity of using IRA and 401(k) funds to buy real estate in cash without a mortgage offering new client base for real estate agents. IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions announces the findings of its internal report which shows that an influx of cash from new retirement […]

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Self Directing Your 401(k) Plan

March 25th, 2014

A Solo 401(k) Plan 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 following […]

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