Newly designed “Privacy” Self-Directed IRA offers retirement investors privacy and confidentiality from creditors.
IRA Financial Group, the leading provider of “checkbook control” self-directed IRA LLC structures announces the introduction of the ultimate “Privacy” Self-Directed IRA LLC. The “Privacy” Self-Directed IRA LLC solution has been created to offer retirement investors with the ability to protect their retirement assets from creditor attack. “Because retirement accounts have become many Americans most valuable assets, we believe it is extremely important that our retirement clients have the power to protect their hard earned retirement funds from creditors or potential creditors, “ stated Adam Bergman, a tax attorney with the IRA Financial Group.
In general, there are two types of self directed IRA accounts that will allow a retirement investor to make non-traditional investments, such as real estate. The custodian controlled Self-Directed IRA structure will allow the retirement investor to purchase real estate with retirement funds, however, the custodian must be involved in all facets of the transaction and is included in the purchase of the real estate, for example. Until a 1996 court case, the custodian controlled Self-Directed IRA was the only way one was able to use IRA funds to make a non-traditional investment, such as real estate. In the 1996 case of Swanson vs. Commissioner, 106 T.C. 76 (1996), the tax court gave its blessing to a new type of self-directed IRA structure — the Self-Directed IRA LLC also known as the checkbook IRA— that is much simpler than investing through a regular custodial controlled self-directed IRA account. By using a Self-Directed IRA LLC, the retirement investor is able to use a special purpose entity to gain more control and privacy of his or her retirement funds.
IRA Financial Group’s “Private” Self-Directed IRA LLC, a special purpose limited liability company (“LLC”) is established in a state that offers strong owner confidentiality, such as Delaware, Nevada, or Wyoming. The newly established special purpose LLC will be owned by the IRA (care of the IRA custodian) and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA holder will have control over the IRA assets to make real estate and other investments tax-free and without custodian consent. With IRA Financial Group’s “Privacy” Self-Directed IRA LLC, the identify of the IRA owner of the LLC will be shielded from the eyes of any creditors of the IRA holder offering greater privacy and confidentiality then with a custodian controlled Self-Directed IRA 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 provider of “checkbook control” self-directed IRA LLC retirement solutions. 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.