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The No Custodian Fee Real Estate Solo 401(k) Plan

Real estate solo 401(k) plan will be designed specifically for real estate investors looking to take advantage of no custodian fees

IRA Financial Group, the leading provider of self-directed solo 401(k) retirement plans, introduces a specially customized real estate solo 401(k) plan with no custodian fee. The real estate solo 401(k) plan is designed specifically for retirement investors looking to make real estate investments from a local bank account without requiring custodian consent or paying custodian fees. IRA Financial Group’s self-directed solo 401(k) plan for real estate, also known as an individual 401(k) plan is a specially customized retirement plan, which offers strong retirement benefits and diversified investment options for real estate investors with no custodian transaction fees. With IRA Financial Group’s self-directed 401(k plan for real estate, a self-employed individual has the ability to make annual contributions 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, including real estate, tax-deferred (tax-free in the case of a Roth solo 401(k)) without requiring the consent of any custodian. “With IRA Financial Group’s real estate solo 401(k) plan, real estate investors can take advantage of a hot real estate market without paying excess custodians fees and earning tax-deferred income, stated Adam Bergman, a tax partner with the IRA Financial Group. “IRA Financial Group’s self-directed real estate solo 401(k) plan is an open architecture plan which can be opened at any local bank allowing one to make real estate investments without paying custodian fees, “ stated Mr. Bergman.

There are many features of the IRA Financial Group’s solo 401(k) real estate plan that make it so appealing for small business owners.

  • High Contributions: IRA Financial Group’s real estate solo 401(k) plan will allow a plan participant to make annual contributions in 2014 up to $52,000 annually with an additional $5,500 catch-up contribution for those over age 50. The high contribution feature is one of the reasons a self-employed 401K plan is the most popular retirement vehicle for the self-employed.
  • Checkbook Control: With IRA Financial Group’s real estate solo 401(k) plan, a plan participant will be granted checkbook control over his or her retirement funds to make real estate investments. With IRA Financial Group’s real estate 401(k) plan, making a real estate investment is as easy as writing a check or executing a wire.
  • Tax and Penalty free loan: IRA Financial Group’s real estate solo 401(k) plan allows plan participants to borrow up to $50,000 or 50% of their account value (whichever is less) for any purpose, including funding a personal real estate transaction. The loan has to be paid back over a five-year period at least quarterly at a minimum prime interest rate (you have the option of selecting a higher interest rate).
  • Roth Contributions & Conversion: IRA Financial Group’s real estate solo 401(k) plan contains a built in Roth sub-account which can be contributed to without any income restrictions. In addition, the self-directed 401(k) plan allows for the conversion of a traditional 401(k) or 403(b) account to a Roth sub-account.
  • Easy Administration: IRA Financial Group’s real estate solo 401(k) plan is easy to operate. There is generally no annual filing requirement unless the self-employed 401(k) Plan assets exceeds $250,000, in which case a short information return with the IRS (Form 5500-EZ) must be completed.

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 IRS approved real estate solo 401(k) 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.

To learn more about the IRA Financial Group please call 800-472-0646.

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Posted in IRA Financial Group, Solo 401(k)