The IRA Financial Difference
Experience You Need
IRA Financial Group has over a decade of experience helping investors self-direct their retirement accounts.
A Team You Can Trust
Our tax and ERISA professionals have helped over 12,000 clients invest $3 billion in alternative assets.
IFG founder Adam Bergman is a leading voice on self-directed retirement & has authored 7 books on self-directing.
Tell Us What You Need
Our team will work one-on-one with you to establish a Self-Directed IRA, Solo 401(k) or ROBS solution that fits your goals.
Roth Solo 401(k) Benefits
The Roth Solo 401(k) is the best retirement plan for self-employed and small business owners. With the potential increase of federal and state income tax rates, the ability to generate tax-free returns from your IRA investments is the last surviving legal tax shelter.
Power of Tax-Free Investing
One of the main attractions to a Self-Directed Roth Solo 401(k) is the fact that qualified distributions of Roth earnings are tax-free. With the Roth Solo 401(k) Plan (also called the Solo Roth 401(k) Plan) you never have to pay tax on distributions received.
The Roth Solo 401(k) account allows after-tax contributions of up to $19,000. If you’re 50 or older, you can make up to $25,000 in contributions. This allows you to accumulate thousands more in tax-free retirement than a Roth IRA.
Unlimited Investment Opportunities
With a Roth 401(k) Plan or Roth 401(k) plan sub-account, you can invest your after-tax Roth 401(k) Plan funds in real estate, precious metals. tax liens, private business investments, etc.
While an IRA offers no participant loan feature, the Roth Solo 401k allows participants to borrow up to $50,000 or 50% of their account value (whichever is less). You can use this loan for any purpose at a low interest rate (the lowest interest rate is Prime which is 5.50% as of 1/1/19).
Offset the Cost of Your Plan with a Tax Deduction
By paying for your Solo 401(k) with business funds, you become eligible to claim a deduction for the cost of the plan, including annual maintenance fees. The deduction for the cost associated with the Solo 401(k) Plan and ongoing maintenance will help reduce your business’s income tax liability. In turn, this offsets the cost of adopting a self-directed Solo 401(k) Plan.
Cost Effective Administration
The Roth solo 401(k) plan is easy to operate. There is generally no annual filing requirement unless your solo 401(k) plan exceeds $250,000 in assets. In that case, you simply have to file a short information return with the IRS (Form 5500-EZ).
“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. ‘If you have a judgment against you and you don’t file for bankruptcy, most states will still protect your IRA from the judgment,’ says Mr. Bergman.”
“Jeff Brown…transferred roughly $50,000 from his workplace 401(k) account to purchase homes to fix up and sell, partnering with a few other investors. He uses a self-directed IRA that he set up through IRA Financial Group in Miami Beach, Fla.”
“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,” he said. “After 2008, they didn’t trust Wall Street. They wanted hard assets.'”