Real Estate Investors Cashing In Using Self Directed IRA's (Video)

Real Estate Investors Cashing In Using Self Directed IRA's (Video)-Image by Rochelle, just rochelle via Flickr

IRA Financial Group, the leading provider of self-directed solo 401(k) plans, saw a surge in demand in self-employed investors looking to establish solo 401(k) plans for retirement and self-directed investment purposes in September 2011. “Due to the growing frustration with Wall Street, we saw a 38% increase in the number of self-employed individuals looking to establish solo 401(k) plans from a year ago,” stated Scott Krokoff, a tax attorney at the IRA Financial Group. “Retirement investors are interested in using a solo 401(k) plan as a retirement savings tool as well as a means for making non-traditional investments, such as real estate,” stated Mr. Krokoff.

The solo 401K plan is a cost effective 401(k) plan that was designed by the IRS specifically for the self-employed or the small business owner with no employees. The Solo 401K Plan, also called the Individual 401K or Self Directed 401K Plan is a retirement plan designed to maximize contributions and be less complex and less expensive to maintain than a conventional 401(k) Plan.

IRA Financial Group’s Solo 401K plan is unique and so popular because it is designed explicitly for small, owner only business. There are many features of the IRA Financial Group’s Solo 401K plan that make it so appealing for small business owners.

In order to be eligible for a solo 401K plan, the individual must operate a business with no employees other than the owner(s). With a solo 401(k) plan, a self-employed individual or small business owner can make high annual contributions – up to $49,000, borrow up to $50,000 tax-free, as well as control over the retirement funds in order to make real estate, precious metals, tax liens, and other investments tax-free and without custodian consent. “Unlike a conventional solo 401K plan that can be opened at a traditional financial institution, the solo 401K plan offered by the IRA Financial Group is a self directed solo 401K plan which unlocks a world of investment opportunities,” stated Mr. Krokoff. “No longer will individuals be restricted from making real estate and other IRS approved investments with their 401(k) funds,“ stated Adam Bergman, a tax attorney of the IRA Financial Group.

Since the 2002, the solo 401K Plan has become the most popular retirement plan for the self-employed. As a result of the weakening stock market and the increasing dissatisfaction with Wall Street, more and more self-employed individuals have been looking to the solo 401K plan as a retirement vehicle as well as a means for making non-traditional investments, such as real estate 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 and Dewey & LeBoeuf LLP.

IRA Financial Group is the market’s leading “Checkbook Control” Self Directed IRA and Solo 401k Plan Facilitator. We have 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 tax-free and without custodian consent!

To learn more about the IRA Financial Group please visit our website at or call 800-472-0646.

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