“Checkbook control” individual 401(k) Plan will serve as a retirement and investment vehicle for the self-employed and small business owner
IRA Financial Group, the leading individual 401(k) Plan provider, announces the introduction of the 2014 “checkbook control” self-directed individual 401(k) Plan designed exclusively for the self-employed or small business owner with no full-time employees. IRA Financial Group’s new self-directed individual 401(k) Plan was designed to offer self-employed retirement investors a robust retirement vehicle while simultaneously allowing for a diverse and wide array of investment opportunities for their retirement funds, specifically real estate. In addition, the 2014 “checkbook control” individual 401(k) Plan account can be opened at any local bank and financial institution, including Fidelity, Scottrade, TD Ameritrade and more. “Our IRS approved 2014 “checkbook control” individual 401(k) Plan is perfect for any small business owner looking to make traditional as well as non-traditional investments, such as real estate with their IRA or 401(k) funds”, stated Adam Bergman, a tax partner with the IRA Financial Group.
An individual 401(k) Plan, also known as an solo 401(k) Plan offers one the ability to make annual contributions for 2014 of up to $52,000 ($57,500 for those over the age of 50), borrow up to $50,000, as well as use his or her retirement funds to make almost any type of investment on their own tax-free and penalty free without requiring the consent of any custodian or person. In addition, IRA Financial Group’s 2014 “checkbook control” individual 401(k) plan is a trustee directed plan meaning the trustee and not the custodian is in charge of making investment decisions on behalf of the plan. “With our updated 2014 “checkbook control” individual 401(k) plan, in most cases the trustee will be the plan participant providing the plan participant with greater control and investment authority over his or her retirement funds, “ stated Mr. Bergman.
According to Mr. Bergman, “IRA Financial Group 2014 “checkbook control” individual 401(k) Plan was designed specifically to provide self-employed investors with the ability to make high annual contributions, up to $52,000 and $57,500 if over the age of 50 in addition to offering a wide variety of investments options through a single retirement account from the comforts of a local bank account.”
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 individual 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.