IRA Financial Group helps you take control of your retirement
We believe that top-tier self-directed retirement solutions can be affordable, and we deliver them with professionalism, quality, and efficiency.
We have helped over 12,000 clients establish IRS compliant Self-Directed IRA and Solo 401k plans and invest over $3 billion in alternative assets.
You will have direct and unlimited access to our in-house tax and ERISA professionals, as well as our in-house CPAs. Unlike our competitors, we don’t limit your access to our tax professionals.
If you elect to not go through with a plan, you won’t need to pay our one-time setup fee–it’s that simple. We understand that plans change and we certainly don’t believe it’s fair to impose a fee for an unneeded structure.
IRS rules require your retirement funds to be transferred from custodian to custodian. We never have access to your retirement funds in any way. You will be the only party with direct access to your retirement funds.
Founded by a former tax and ERISA attorney, IRAFG provides attorney-created retirement structures and partners with professionals whose knowledge of retirement plans and tax law is unmatched.
We’ve been featured in over a 100 major publications, including Forbes, the Wall Street Journal, CNN Money, USA Today, the Chicago Tribune, and many more..
The IRA Financial Difference
IRA Financial will strive to be the best self-directed retirement & pension administrator in the country through a mixture of technology and amazing customer service.
Through personal service and education
As a client of IRA Financial Group, you will have a dedicated specialist to guide you from the initial sign-up, through the creation of your self-directed plan and after you set you plan in motion. Anytime you have a question, just call your specialist and they will be happy to assist you in any way they can.
We are genuinely interested in educating our customers and will not compromise our ethics, mission, and integrity in the name of profit.
IRA Financial Group Provides Value
We strive to offer our clients Self-Directed Plans at a fair and reasonable price. Whereas our competitors must outsource most or all of their tax work and consultation, each client of the IRA Financial Group is assigned to one of our in-house retirement tax professionals. This allows us to offer customized Self-Directed Plans for significantly less than our competitors.
We provide the following all for one low price:
- Free tax consultation with our in-house tax and ERISA professionals
- Adoption Agreement
- Basic Plan Document
- EGTRRA Amendment
- Summary Plan Description
- Trust Agreement
- Appointment of Trustee
- Beneficiary Designation
- Loan Procedure
- Loan Promissory Note
- Free tax updates
- Free tax and ERISA support
- Satisfaction Guaranteed!
IRA Financial Retirement App
Create your account and choose which retirement plan you wish to establish: the self-directed IRA or Solo 401(k) for small business owners and self-employed individuals.
Here are some benefits of our app:
- Faster account establishment
- More secure account information
- Lower costs of establishing your retirement plan
- Reduces time to complete the investment process
“I have just set up a second self-directed plan with IRA FG. One is a 401(k) plan for my business, the other an IRA for my wife. I have nothing but good things to say. The entire process went smoothly in both cases, I received personal attention throughout, and any questions/queries have been promptly answered, both during the plan creation processes, and subsequently. Special shout out to Susan Glass: She’s awesome!”
Paul Luykx, NJ
“This is to commend the excellent support offered by Jean Scharfman on your team. Despite her clear instructions, I made a mistake that could have cost me severely. When I called to discuss/consult with Jean…I never felt the panic as she quickly jumped into action. She made herself available and made me feel like I was the only client she was working with. She helped me extricate myself from the ditch I had dug myself into. I will be eternally thankful to her for the calm but yet forceful way she managed it.”
“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.”
Frequently Asked Questions
An Individual Retirement Account (IRA) is the most common type of retirement account. As of 2018, there are approximately 50 millions IRAs totaling approximately $9.4 trillion dollars. The most common type of IRAs are Traditional IRA, Roth IRA, SEP IRA, and the SIMPLE IRA. In 2019, the maximum Traditional IRA and Roth IRA contribution amounts is $6,000 or $7,000 is over the age of 50. The SEP IRA maximum contribution amount is $56,000 and the SIMPLE IRA maximum contribution amount is $13,000 with a $3,000 catch-up if over the age of 50 for 2019.
In general, if you have income from working for yourself or someone else (earned income), you may establish and contribute to an IRA. For 2019, one may contribute a maximum of $6,000 each year or $7,000 if you will reach the age of 50 by the end of the year. If you are not covered by an employer’s retirement plan, you may take a deduction on your tax return for your contribution. However, if you are covered by an employer’s plan, your IRA may be fully deductible, partly deductible, or not deductible at all depending on how much gross income you have. Contributions to a Traditional IRA are generally tax deductible and subject to the required minimum distribution rules at age 70 1/2.
To permit tax-free transfers of retirement savings from one type of investment to another, as well as to increase the portability of qualified plan rights for employees moving from one job to another, Congress included a complicated web of rollover provisions in ERISA. These provisions cover transfers from one IRA to another, transfers from qualified pension, profit-sharing, stock bonus, and annuity plans to IRAs, and transfers from IRAs to qualified plans. In general, a rollover of retirement funds to an IRA is tax-free. Rollovers can either be direct or indirect. A direct rollover can be done without limit, whereas, an indirect rollover can only be done once every 12 months.
Yes. A rollover form one traditional IRA to another Traditional IRA is actually called a transfer and can be done without limit. A transfer occurs between IRAs and a rollover occurs when one of the retirement accounts involved is not an IRA. For example, moving funds from a 401(k) plan to an IRA is treated as a direct rollover, whereas, moving funds between IRAs is called a transfer.
The privilege of rolling over from IRA to IRA directly can be done as many times as one wishes without any limit. Whereas, in the case of an indirect rollover, the IRA custodian will transfer the funds directly to the IRA holder. The IRA holder would have sixty (60) days to re-contribute the funds to an IRA or other retirement plan. An indirect rollover can only be done once every twelve months for all your IRAs.
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