IRA Financial Group, the leading provider of Self-Directed IRA LLC solutions, reports an increased interest in investors looking to purchase farmland with their retirement funds. “Investors are increasingly looking to purchase farmland with their retirement funds to take advantage of the tax benefits of a Self-Directed IRA LLC,” stated Adam Bergman, a tax attorney with the IRA Financial Group.
To meet the needs of the growing base of investors looking to purchase farmland with their retirement funds, the IRA Financial Group announces the introduction of the Special Self-Directed IRA LLC Farmland Real Estate Solution. With IRA Financial Group’s Special Self-Directed IRA LLC Farmland Real Estate Solution, the IRA holder will have “checkbook control” over his or her retirement funds, allowing the individual to make real estate investments by simply writing a check. IRA Financial Group’s Special Self-Directed IRA LLC Farmland Real Estate Solution will allow the retirement investor to serve as manager of the special purpose IRA LLC and make real estate investments, including farmland, by simply writing a check. “Our Special Self-Directed IRA LLC Real Estate Solution is geared towards any real estate investor looking for a flexible investment and retirement vehicle to make real estate investments tax-free,” stated Mr. Bergman.
Instead of buying real estate with personal funds and being subject to higher income and capital gains tax rates, a Self-Directed IRA Real Estate LLC with Checkbook Control allows one to buy real estate, including farmland, without paying tax. With a Self-Directed Real Estate IRA, all income and gains generated by the IRA investment will flow back to the individual’s IRA tax-free. By using a Self-Directed IRA to make investments, the IRA owner is able to defer taxes on any investment returns, thus allowing the IRA owner to benefit from tax-free growth. Instead of paying tax on the Self-Directed IRA returns of an investment, tax is paid only at a later date when a distribution is taken, leaving the investment to grow tax-free without interruption.
The IRS has always permitted an IRA to purchase real estate, raw land, or flip homes. Farmland can be purchased and rented out to farmers or shares in an operating farm can be purchased, with the profits returning to the IRA. “With IRA Financial Group’s Special Self-Directed IRA LLC Farmland Real Estate Solution, investors can make real estate purchases and generate income and gains while deferring taxes,” stated Mr. Bergman. One major advantage of buying farmland with a Self-Directed IRA and renting it out to farmers is that all rental income generated by the property is tax-deferred until a distribution is taken (Traditional IRA distributions are not required until the IRA owner turns 70 1/2). In the case of a Self-Directed Roth IRA LLC, all gains are tax-free.
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 facilitator of Self-Directed IRA 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.