SOURCE: IRA Financial Group, LLC
The Solo 401(k) Real Estate Solution will allow investors to use their retirement funds to buy real estate and more tax-free.
Miami, FL (PRWEB) January 05, 2013
IRA Financial Group, the leading provider of Solo 401(k) Plans, announces the introduction of the Solo 401(k) real estate solution. With IRA Financial Group’s Solo 401k Plan, the individual plan participant of the Solo 401k Plan, will have "checkbook control" over the retirement funds allowing the participant to make real estate investments by simply writing a check. IRA Financial Group’s Solo 401(k) Plan real estate solution will allow the self-employed plan participant to serve as trustee and make real estate investments by simply writing a check. “Our Solo 401(k) real estate solution is geared towards self-employed or small business owners looking for a flexible investment and retirement vehicle, “ stated Adam Bergman, a tax attorney with the IRA Financial Group.
A Solo 401(k) plan for real estate investors, also called an Individual 401K with checkbook control, is an IRS approved qualified retirement plan that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. “As trustee of the solo 401(k) Plan, the individual has the authority to make investments, such as real estate, without custodian consent,” stated Mr. Bergman. IRA Financial Group’s Solo 401(k) Plan can be opened at any local bank.
With IRA Financial Group’s Solo 401K for real estate plan, a self-employed individual or small business owner with no employees is able to use retirement funds to make domestic or foreign real estate, and many other investments tax-free and without custodian consent! Using a Solo 401K real estate plan, clients of the IRA Financial Group have the ability to take advantage of the rebounding real estate market by using retirement funds to make tax-free real estate investments.
Maria Ritsi, a senior paralegal with the IRA Financial Group, expands on the benefits of using a Solo 401K Plan with checkbook control to make real estate investments, ”With a Solo 401(k) real estate solution, retirement investors will have the power to act quickly on an attractive investment opportunity. When one finds a real estate investment, simply write a check or wire the funds straight from the Solo 401(k) Plan bank account to make the investment.” The Solo 401(k) real estate plan allows one to eliminate the delays associated with an IRA custodian, enabling one the ability to act quickly when the right investment opportunity presents itself. In addition, with the Solo 401K real estate plan structure, all income and gains from IRA investments will generally flow back to your Solo 401(k) Plan 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 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 visit our website at http://www.irafinancialgroup.com or call 800-472-0646.
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