IRA Financial Group, the leading provider of “checkbook control” Self-Directed IRA LLC and solo 401(k) plans, announces a new online continuing education program for all IRA Financial Group clients. The new on-line continuing education program will be offered for no fee and will provide in-depth information on various hot topics in the self-directed IRA and solo 401(k) world. “We are excited to offer an online continuing education program to all IRA Financial Group clients which will provide ab in-depth training on new developments in the self-directed retirement industry,“ stated Jaclyn Baily, head of IRA Financial Group’s on-line continuing education program. “Our continuing education program will cover various hot retirement topics, such as Roth IRA conversions, IRS prohibited transaction rules, solo 401(k) loan feature, holding precious metals with a self-directed IRA, as well as various asset & creditor protection topics involving retirement funds,“ stated Ms. Baily.
IRA Financial Group’s free on-line continuing education program is aimed at helping our self-directed IRA LLC and solo 401(k) plan clients stay up-to-date on IRS rules concerning the investment and taxation of retirement funds. Our clients will be exposed to relevant IRS rulings and many tricks of the trade. “We hope that our clients will learn things that they didn’t know they needed to know in connection with the investment of their retirement funds, “ stated Ms. Baily.
When it comes to using retirement funds to make investments, The Internal Revenue Code does not describe what a self-directed IRA or solo 401(k) plan can invest in, only what it cannot invest in. Internal Revenue Code Sections 408 & 4975 prohibits certain individuals (disqualified persons) from engaging in certain type of transactions. The purpose of these rules is to encourage the use of retirement funds for accumulation of retirement savings and to prohibit those in control of retirement account from taking advantage of the tax benefits for their personal account. According to Ms. Baily, “The bulk of the on-line continuing education resources are geared towards helping our clients navigate the often complex IRS prohibited transaction rules so that they can make IRA or 401(k) investments with the peace of mind that their transactions will not be in violation of any IRS rules.” Because the penalties for violating the IRS prohibited transaction rules are so steep, it is very important that all clients of the IRA Financial Group are provided the in-depth resources needed to navigate these rules.
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 country’s leading provider of “checkbook control Self Directed IRA LLC and Solo 401(k) Plans. 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.