Self-Directed IRA rollover program will allow investors to rollover existing retirement funds to buy real estate without tax
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC solutions, announces the introduction of its self directed IRA rollover program for real estate investors. The newly designed self-directed IRA rollover program for real estate investors will allow one to rollover existing IRA, Roth IRA, SEP IRA, SIMPLE IRA, 401(k), 403(b), 457(b), etc. funds to establish a self-directed IRA real estate without tax or penalty. “With growing demand for real estate investments with a self-directed IRA, retirement investors have turned to rolling over existing retirement funds to help fund their self-directed real estate IRA”, stated Jacky Ospina, a tax specialist with the IRA Financial Group.
According to Ms. Ospina, “in order to fund the self-directed IRA LLC structure, there are generally two methods, via an IRA rollover or transfer or IRA contribution. Transfers and rollovers are types of transactions that allow movements of assets between like IRAs – Traditional IRA to Traditional IRA. An IRA transfer is the most common method of funding a Self-Directed IRA LLC or Self-Directed Roth IRA. An IRA rollover generally involves the rollover of funds form a 401(k), 403(b), 457(b), or other employer retirement plan to a self-directed IRA, whereas, an IRA contribution is a contribution of earned income directly into the IRA account. As of 2014, the most one can contribute to a Traditional or Roth IRA is $5500 or $6500 if over the age of 50. In the case of a SEP IRA and SIMPLE IRA, the maximum IRA contribution is $52,000 and $12,000 respectively”.
“Due to the growing number of retirement account investors looking to use rollover retirement funds to purchase real estate, we are excited to introduce the new self-directed IRA real estate rollover program”, stated Susan Glass, a retirement tax specialist with the IRA Financial Group.
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 and Dewey & LeBoeuf LLP.
IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have 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 tax-free and without custodian consent!