IRA Financial Group Clients Invested Over $420 Million in 2013 Helping to Spur U.S. Real Estate Market, According to IRA Financial Group Report
IRA Financial Group, the leading facilitator of self-directed IRA LLC & Solo 401(k) plan solutions, announces that in 2013 its self-directed IRA and solo 401(k) plan clients invested over $420 million in the U.S. and foreign real estate markets.
“By using cash in their retirement funds and not requiring a mortgage or other financing, our clients have has great success in finding and closing on real estate transactions across the United States in 2013,” stated Susan Glass, a tax professional with the IRA Financial Group. “Our Self-Directed IRA and Solo 401(k) Plans clients have helped contribute the growth in the U.S. real estate markets,” stated Ms. Glass.
The primary advantage of using a Self Directed IRA LLC or Solo 401(k) Plan to make investments is that investments can be made by simply writing a check. In addition, all income and gains associated with the IRA investment grow tax-deferred.
With IRA Financial Group’s self directed IRA real estate LLC & Solo 401(k) Plan solutions, traditional IRA or Roth IRA funds can be used to buy real estate throughout the United States and globally in a tax-deferred account by simply writing a check. “Even with real estate prices increasing, in 2013 our clients invested over $420 million in cash in real estate and have been able to find attractive real estate opportunities for their retirement account, “ stated Adam Bergman, a tax partner with the IRA Financial Group. “Using a Self Directed IRA LLC or Solo 401(k) Plan to buy real estate presents a number of exciting tax planning opportunities, “ stated Mr. Bergman.
According to Mr. Bergman, “IRA Financial Group’s Self-Directed IRA and Solo 401(k) Plan for real estate investors, also called a real estate IRA with checkbook control or a Self-Directed real estate 401(k) Plan, is an IRS approved structure that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. The Self-Directed IRA LLC involves the establishment of a limited liability company (“LLC”) that is owned by the IRA (care of the Roth IRA custodian) and managed by the IRA holder or any third-party, whereby, the Solo 401(k) plan involves the establishment of a trust and managed by the plan participant, as trustee.” As a result, the Self-Directed IRA and Solo 401(k) Plan provides the retirement account holder with greater control over his or her retirement assets allowing the individual to make traditional as well as non-traditional investments, such as real estate tax-deferred and with much lower annual fees. “By using a ‘checkbook control’ self-directed IRA LLC or Solo 401(k) Plan our clients have been able to make hundreds of millions of dollars in real estate purchases in 2013 without incurring high IRA account fees,” 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 and Solo 401(k) Plan provider. 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.