Greek debt crisis causing real fear amongst retirement investors increasing demand for alternative asset investments
IRA Financial Group, the leading provider of alternative asset investments with a Self-Directed IRA LLC, expects to see a strong surge in demand from individual retirement investors looking to purchase alternative assets with their retirement funds in light of the Greek financial crisis. As widely reported by the world media, with Greek banks and the country’s stock market closed for the week and fear that Greece will default on its debt, investors around the world are worried that should Greece leave the euro and say it can’t pay its debts, which stand at more than 300 billion euros, the global economic recovery could be derailed and questions would grow over the long-term viability of the euro currency itself. “There is a sense of real fear amongst our self-directed IRA clients about what a Greek default could mean to the US equity markets, “stated Adam Bergman, a tax partner with the IRA Financial Group. “Many of our clients are happy that their retirement funds are well diversified and own hard assets, such as real estate in light of the Greek financial crisis, “ stated Mr. Bergman.
IRA Financial Group’s self-directed IRA LLC solution involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA holder will have control over the IRA assets to make real estate and other investments tax-free and without custodian consent. “Having the ability to diversify ones retirement portfolio with alternative assets, such as real estate, in light of the Greek debt crisis is expected to increase demand for the Self-Directed IRA LLC, “stated Mr. Bergman.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market’s leading “checkbook control” Self Directed IRA Facilitator. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.