Transferring your retirement funds into a Self Directed IRA can be done in a few easy steps with the help of IRA Financial Group. There are also many benefits to managing your funds independently with IRA Financial Group, from saving money by eliminating a custodian, along with other inherent fees, and taxes. Our IRA experts and tax and ERISA attorneys are on site greatly reducing the set-up time and cost. Most importantly, each client of the IRA Financial Group is assigned a tax attorney to help with the establishment of the Self-Directed IRA LLC “Checkbook Control structure.
To get started with the transfer or rollover of your 401k, 403(b), Roth IRA, Traditional IRA, SEP, SIMPLE IRA, or inherited IRA funds to a Self Directed IRA LLC with “checkbook control” would be to consult with IRA Financial Group’s in house attorneys to figure out what state you want to form you LLC in. Essentially you will be moving your funds from the current custodian, to an IRS approved, FDIC backed IRA passive custodian. Our IRA Experts will assist you in transferring your retirement funds tax-free from your current custodian to a new FDIC backed/IRS approved Passive Custodian. You may expedite these services so that you may have access to your funds in the quickest most efficient possible manner. However, typically the structure can take anywhere from a week to 21 days to complete.
The tax attorneys at the IRA Financial Group will assist you in transferring your retirement funds tax-free to the IRA passive custodian and then on to your new Self-Directed IRA LLC. Transferring your funds into a Self-Directed IRA LLC will grant you the flexibility to invest in anything from a small business, to real estate, gold, stocks and much more! Since your IRA will become the owner(s) (member(s)) of the newly formed IRA LLC, all income and gains generated by an IRA LLC investment will generally flow back to your IRA tax-free. Because an LLC is treated as a pass through entity for federal income tax purposes, all income and gains are taxed at the owner level not at the entity level. However, since an IRA is a tax-exempt party pursuant to Internal Revenue Code Section 408 and, thus, does not pay federal income tax, all IRA investment income and gains will generally flow through to the IRA tax-free!
Transferring your IRA and/or 401k assets to a self-directed IRA LLC or Solo 401K Plan will unlock a world of investment opportunities for your retirement funds allowing you to make real estate and other non-traditional types of investments tax-free and without custodian consent.