Individual 401(k) Plan
Discover what the Individual 401(k) Plan can do for You! Join IRA Financial, a leader in self-directed retirement plans. Gain direct and unlimited direction to our tax and ERISA professionals to ensure that your tax structure is IRS compliant.
Why Choose IRA Financial Group
IRA Financial Group’s tax and ERISA specialists have helped more than 16,000 clients self-direct their IRA and invest $4.6 billion in alternative assets, such as real-estate.
Founder of IRA Financial Group and former tax and ERISA attorney, Adam Bergman, has published seven books to help investors self-direct their individual retirement account.
Find IRA Financial Group on Forbes! Adam Bergman is a frequent contributor to Forbes.com and an official member of the Forbes Financial Council.
The Ultimate Retirement Plan for
Make higher contributions with the Individual 401(k). The plan has a maximum contribution limit of $63,500 for participants who are 50 and older. Contribute $57,000 if you’re younger than 50!
Take control over your investments with checkbook control. This structure allows you to make traditional and alternative investments without custodian consent.
Borrow up to $50,000 of your account value with this IRA 401(k). You can use the loan tax and penalty-free for any purpose, like funding your business, paying off debt and making more investments.
Best Individual 401(k) Plan
You receive stronger creditor protection and don’t have to establish a potentially costly LLC. There are benefits built into the IRA 401(k) that are specifically designed for self-employed participants.
Individual 401(k) accounts are easy to operate and administer. There are zero annual filing requirements, unless your assets exceed $250,000.
No Custodian Fees
One of the greatest benefits of the Individual 401(k) Plan is that you don’t have to pay high custodian fees or hire a bank or trust company to act as trustee of the plan.
Contact Us Today And Find Out Why An Individual 401(k) Plan Will Work Better For You
Benefits of Individual 401(k)
Compare to SEP IRA
Unlike the SEP IRA, the Individual 401(k) Plan includes a Roth feature that allows you to make tax-free investments on what you know and understand. You can also reach your maximum savings amount easier with the Individual 401(k) Plan.
Individual 401(k) Eligibility
Are you a business owner with zero full-time employees? Then you’re eligible for the Individual 401(k). This is the perfect plan for sole proprietors, consultants or independent contractors. Take advantage of your eligibility.
Get checkbook control over your retirement funds for one flat annual fee. At IRA Financial, you receive complete transparency with your retirement account. There are no surprise fees, such as asset valuation and transaction fees. Invest the way you want while IRA Financial handles all IRS reporting.
“What about your IRA, including rollover IRA? You need to look at state law, advises tax attorney Adam Bergman of New York’s IRA Financial Group.”
“Adam Bergman…gets several calls a day from clients like McDermott looking to invest their retirement funds in real estate. ‘Our average client has retirement accounts of about $150,000 and is looking to buy one or two properties.'”
“Jeff Brown…transferred roughly $50,000 from his workplace 401(k) to purchase homes to fix up and sell…He uses a self-directed IRA that he set up through IRA Financial Group in Miami Beach.”