Social security payments expected to rise 1.5% in January, a historically small annual adjustment that will increase need to bolster retirement savings
IRA Financial Group, the leading provider of self-directed IRA LLC “checkbook control” structures expects to see an increase in demand for the self-directed IRA plan for retirees looking to supplement their social security benefits in light of historical low increase. With Social Security payments for 63 million retirees and disabled people expected to rise 1.5% in January, a historically small annual adjustment, retirees are likely to look at the self-directed IRA plan as a solution for accelerating gains in their retirement portfolios. The increase in social security payments, announced on October 30, 2013 by the Social Security Administration, would be among the smallest since automatic cost-of-living adjustments started in 1975. “We are hearing more and more from retirees across the country who are concerned that their social security benefits and current retirement account yields will not be enough to sustain their lifestyle in 2014, “ stated Susan Glass, a tax professional with the IRA Financial Group. “More and more retirees have been turning to the self directed IRA LLC solution as a means of generating greater diversification and better returns for their retirement assets, “ stated Ms. Glass.
IRA Financial Group has seen more retirees expressing interest in moving their retirement funds into a self-directed IRA in order to supplement meager social security payments.. The primary advantage of using a Self Directed IRA LLC to make investments is that all income and gains associated with the traditional or non-traditional IRA investment grow tax-deferred.
Using IRA Financial Group’s self directed IRA LLC with “checkbook control” solution to make real estate and hard asset investments offers a number of very interesting investment opportunities, including the ability to diversify ones retirement portfolio. “By using IRA or 401(k) funds to make real estate IRA investments, retirement investors can better diversify their retirement assets and potentially generate higher annual returns“ stated Adam Bergman, a tax attorney with the IRA Financial Group. With IRA Financial Group’s self-directed IRA LLC solution, retirement investors can now properly diversify their retirement portfolio in an effort to bolster their annual retirement account returns.
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.