IRA Financial Group, the leading provider of self-directed Solo 401(k) Plans, announces strong 1st Quarter demand from sole practitioner attorneys for the IRS approved Solo 401k plan. A Solo 401K Plan, also known as an Individual 401K or Self Directed 401K offers a self employed business owner, such as a lawyer or attorney the ability to use his or her retirement funds to make almost any type of investment, including real estate, tax liens, private businesses, precious metals, and foreign currency on their own without requiring custodian consent tax-free. “Our self-directed solo 401(k) Plan is the right retirement and tax-deferred investment verdict for self-employed attorneys,“ stated Adam Bergman, a tax attorney with the IRA Financial Group.
IRA Financial Group’s Solo 401(k) Plan will allow a self-employed attorney to make high 2013 Solo 401K contributions (up to $56,500) as well as borrow up to $50,000 for any purpose.“ IRA Financial Group’s Solo 401K Plan is perfect for a sole practitioner attorney who is looking to save for their retirement while taking control of their retirement funds,” stated Mr. Bergman.
According to Maria Ritsi, a senior paralegal with the IRA Financial Group, the Solo 401K Plan offers a solo practitioner lawyer far more retirement, tax, and investment options than a Traditional IRA, SEP, or SIMPLE IRA. A Solo 401K plan offers the same advantages as a Self Directed IRA LLC, but without having to hire a custodian or create an LLC.”
IRA Financial Group’s Solo 401K plan is unique and so popular for sole practitioner attorneys because it is designed explicitly for small, owner only business. The Solo 401(k) Plan can be opened at any local bank and requires very little administration.
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 Solo 401(k) Plan Facilitator. 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.