Jan 31

Using Your IRA Funds to Purchase a Business

Leaving your job or thinking of leaving your job and have an IRA or 401(k) qualified retirement plan? Why not use your IRA or 401(k) Plan to invest in yourself instead of a volatile stock market? Why put your hard earned retirement funds in the hands of Wall Street when you can use your IRA funds on a business you can run, manage, and even earn a salary from?

How to Use My IRA Funds to Buy a BusinessWith IRA Financial Group’s Business Acquisition structure, a new C Corporation is formed which will adopt a 401(k) Qualified Plan. Your existing retirement funds can then be rolled into the newly adopted 401(k) Plan tax-free. The 401(k) Plan will then purchase the stock of the new corporation. The new corporation will then use those funds to purchase a new business or franchise tax-free!

With the IRS compliant Business Acquisition Structure, you can earn a reasonable salary from your new business or franchise. You can also use your new 401(k) Plan to make high tax-deductible contributions – $52,000 ($57,500 if you are over the age of 50) or even borrow up to $50,000 for any purpose.

What does the IRS Say about this?

The Internal revenue Code explicitly permits the purchase of corporate stock by a 401(k) Qualified Plan. The IRS has repeatedly confirmed that the structure is legal but has expressed some concern about the potential for abuse by individuals not being properly advised by tax professionals. For example, the IRS has documented the following instances of abuse when it comes to using retirement funds to invest in a business: (i) employees of the business are not properly informed that a 401(k) qualified plan has been adopted by the business and that they are eligible to participate, (ii) the structure is established with no intention to use for business purpose and the sole purpose for establishment was to get access to the retirement funds without penalty, or (iii) the structure is being used to purchase assets for personal use with the retirement funds.

Therefore, the IRS has stressed that it is imperative that when using IRA or 401(k) funds to establish a new business or finance an existing one, it is important to work with qualified tax professionals who have experience in this area and could make sure the structure is established in full compliance with IRS and ERISA rules and procedures. Work with IRA Financial Group’s in-house tax professionals to help establish your IRS compliant Business Acquisition Solution.

IRA Financial Group’s Business Acquisition structure is IRS compliant and is the only legal structure that one can use to invest retirement funds into a business they will operate and be employed by. With a self-directed IRA LLC, an individual can invest retirement funds in a private business, but not a business that he or she would be involved in – that would be considered a prohibited transaction pursuant to Internal Revenue Code 4975. While, with a Solo 401K, an individual could only borrow up to $50,000 or 50% of his or her account value whichever is less and use that loan for any purpose, including starting or financing a business. However, if an individual requires more than $50,000 for a business, then the Business Acquisition structure is the only solution that will allow one to use their retirement funds to start or finance a business tax-free and without penalty!

To learn more about the advantages of using a Business Acquisition Structure to start or finance a business using retirement funds, please contact a retirement expert at 800-472-0646.

Jan 30

President Obama’s MyRA Proposal Would Negatively Impact American Retirees

MyRA retirement account to have a government guarantee but offer low returns and limited investment options

On January 28, 2014, in his State of the Union address, President Barack Obama indicated that he is directing the Treasury Department to create a new type of retirement savings account for millions of Americans that would include a government guarantee. These investments, which Mr. Obama called “myRAs,” would serve as a type of starter retirement savings account for millions of Americans. The accounts, called “myRAs,” would be structured like savings bonds and the investments would be backed by the federal government. Because the investments would be structured like savings bonds, there would be principal protection, meaning the account balance couldn’t go down. According to Adam Bergman, a tax partner with the IRA Financial Group, “The White House didn’t offer detailed information of how the retirement account would be structured, but indicated it would be relatively low risk, meaning the returns would also be fairly low.”

President Obama MyRA Proposal Would Negatively Impact American Retirees, According to IRA Financial Group “The problem with the MyRA proposal is that the returns generated by the account will be so low that in most cases it won’t provide Americans with a reasonable nest egg for retirement,” stated Adam Bergman. According to Mr. Bergman, “It is believed that the investments under the myRA proposal would offer the same variable interest-rate return as the benefit federal employees get when they enroll in the Thrift Savings Plan Government Securities Investment Fund, which produced an annual return of 1.47% in 2012.”

“The myRA accounts would be geared toward to people who are just starting to save for retirement, however, those same people would be better off investing in a Traditional or Roth IRA where they have a wide variety of investment options, such as stocks, mutual funds, gold, and even real estate,” stated Mr. Bergman. “With the S&P up nearly 30% in 2013, being forced to invest in U.S. Government Bonds, which lost 2% in 2013 does not seem like a smart way to help people better save for their retirement,” stated, Mr. Bergman.

According to Mr. Bergman, “The MyRA retirement account, which the White House plans to create the accounts through an executive action, meaning it wouldn’t need congressional approval, is akin to forcing Americans to purchase Government Bonds and limit their investment options. The lack of retirement savings now is not the result of inadequate retirement account options, but a by-product of stagnate wages and a lack of education on the benefits of tax-deferral or tax-free retirement growth.”

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 self-directed Solo 401(k) Plan provider. 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.

Jan 28

IRA Mistakes You Need to Avoid

If you contribute to an individual retirement account or IRA, you know there are a lot of rules to follow.  Failure to follow these rules and you can face serious penalties.  Some are quite simple to avoid, while others take a little know how.  Avoid these mistakes and your retirement planning will be a lot easier.

Avoid common IRA mistakesObviously, the biggest mistake you can make is not contributing to the plan in the first place. Each year you don’t contribute to an IRA when you are eligible is costing you serious money over the long haul.  For example, the limit for 2013 and 2014 is $5,500 ($1,000 more if you are age 50+).  While you may not be able to contribute that much, you should contribute as much as you can each year.

The next mistake is missing out on tax-free growth.  Traditional plans are funded with pre-tax money.  You don’t pay taxes on that money until you take distributions during retirement.  On the other hand, Roth IRAs are funded with after-tax money.  You don’t get the immediate tax break, but all qualified withdrawals are tax-free!  The longer the money is in your IRA, the longer it will grow tax-free.

Not everyone can directly contribute to a Roth IRA.  If you earn too much money, you can still get your money into a tax-free Roth IRA.  You can simply contribute to a nondeductible IRA and then convert it to a Roth IRA.  Don’t lose out on tax-free withdrawals just because you can’t do it directly.

When you reach age 70 1/2, you must start taking mandatory withdrawals if you own a traditional IRA.  These are known as required minimum distributions.  Failure to take your RMD each year will result in a 50% penalty on the amount you should have withdrawn.  This penalty will occur each year you don’t rectify the mistake.  Note that Roth IRAs don’t require RMDs.

Another mistake that is easily avoidable is contributing too much to an IRA during a given year.  If you do contribute more than the amount allowed by the IRS, you will be hit with a 6% penalty on the excess each year.  This may occur if you contribute more than the annual limit, you contribute more than you earned during the year, or contribute to a spousal IRA after your spouse has passed.  As long as you catch the mistake before you file taxes, you should be okay.

Lastly, failure to properly fill out beneficiary forms can impact your loved ones.  You’ll need the information on the beneficiaries you choose and may need to update them from time to time.  If you fail to keep them updated and you pass away, you’re loved ones may lose out on the benefits of the IRA.  They have enough to deal with after you die, don’t let your IRA be one of them.

If you have any questions about IRAs or are looking to set one up, please contact one of the tax experts at the IRA Financial Group @ 800.472.0646 for more info.

Jan 27

Using an IRA to Flip Homes Tax-Free!

Since the creation of IRAs back in the early 1970s, the IRS has always permitted an IRA to purchase, hold, or flip real estate.   In fact, it states it right on the IRS website. By using a Self-Directed IRA to buy real estate, you will be able to purchase raw land, domestic or foreign real estate, residential or commercial property, flip homes, and much more tax-free and without requiring custodian consent!

Flipping a Home is as Simple as Writing a Check

the IRS has always permitted an IRA to purchase, hold, or flip real estateWith a Self-Directed IRA with checkbook control, flipping homes or engaging in a real estate transaction is as simple as writing a check. As manager of your Self-Directed IRA LLC, you will have the authority to make real estate investment decisions on behalf of your IRA on your own without needing the consent of an IRA custodian. One of the true advantages of a checkbook control IRA is that when you want to purchase a home with your self-directed IRA, you can make the purchase, pay for the improvements, and even sell or flip the property on your own without involving the IRA custodian.  In other words, with a checkbook control IRA LLC, you will have the power to flip homes or do multiple real estate transactions on your own without requiring the consent of a custodian. One additional important advantage of purchasing real estate with a Self-Directed IRA is that all income and gains are tax-deferred until a distribution is taken (Traditional IRA distributions are not required until the IRA owner turns 70 1/2). In the case of a Self-Directed Roth IRA LLC, all gains are tax-free.

Flip a Home without Requiring the Consent of a Custodian

A Self-Directed IRA with checkbook control is the most efficient and cost effective vehicle for doing house flips with retirement funds.  With a Self-Directed IRA with checkbook control, you will be able to use your IRA or 401(k) funds to purchase real estate and engage in flipping homes tax-free and without custodian consent.  A traditional IRA custodian (financial institution) will not allow you to purchase real estate using your IRA or retirement funds.  Therefore, in order to have the ability to engage in house flipping transactions using retirement funds, a Self-Directed IRA LLC with Checkbook Control is the answer.

Control the Entire House Flipping Transaction

Unlike a conventional Self-Directed IRA which requires custodian consent and requires high custodian fees, a Self-Directed IRA LLC with Checkbook Control will allow you to buy real estate by simply writing a check.  With a traditional custodian controlled self-directed IRA, you will have total control to make a real estate purchase, pay for improvements, and then sell the property without ever talking to the IRA custodian.  Since all your IRA funds will be held at a local bank in the name of the Self-Directed IRA LLC, all you would need to do to engage in a house flipping transaction is write a check straight from the IRA LLC account or simply wire the funds from the IRA LLC bank account.  No longer would you need to ask the IRA custodian for permission or have the IRA custodian sign the real estate transaction documents.  Instead, with a Checkbook Control IRA, as manager of the IRA LLC, you will be able to execute the real estate transaction by simply writing a check.

Use a Self-Directed IRA and Flip a Home Tax-Free

One major advantage of flipping homes with a Self-Directed IRA is that all gains are tax-deferred until a distribution is taken (Traditional IRA distributions are not required until the IRA owner turns 70 1/2). In the case of a Self-Directed Roth IRA LLC, all gains are tax-free. In other words, all gains attributable to the house flipping transaction will flow-back to your IRA LLC tax-free!

IRA Financial Group will take care of setting up your entire Self-Directed IRA LLC “Checkbook Control” structure. The whole process can be handled by phone, email, fax, or mail and typically takes between 7-21 days to complete, the timing largely depending on the state of formation and the custodian holding your retirement funds. Our IRA experts and tax and ERISA professionals are onsite greatly reducing the setup time and cost.

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.

To learn more about the advantages of using a Self-Directed IRA LLC to purchase real estate and flip homes tax-free, please call an IRA Expert at 800-472-0646 or visit www.irafinancialgroup.com.

Jan 24

IRA Financial Group Introduces Newly Designed Self-Directed Roth IRA Tax Calculator Application

Checkbook Control Roth IRA LLC calculator will calculate tax-free benefits of using a Roth IRA to make investments

IRA Financial Group, the leading facilitator of “checkbook control” self-directed Roth IRA LLC solutions, announces the introduction of its newly designed Roth IRA calculator application. The self-directed Roth IRA calculator application will allow individuals to view the very attractive tax benefits to use a self-directed Roth IRA to make investments through. “Because a Roth IRA is an after-tax account, all income and gains generated by the Roth IRA would be tax-free, which would allow the Roth IRA to grow more rapidly than a taxable account, “ stated Adam Bergman, a tax partner with the IRA Financial Group.

IRA Financial Group Introduces Newly Designed Self-Directed Roth IRA Tax Calculator ApplicationThe primary advantage of using a Self-Directed Roth IRA LLC to make investments is that all income and gains associated with the Roth IRA investment grow tax-free and will not be subject to tax upon withdrawal or distribution. This is because unlike traditional IRAs, you are generally not subject to any tax upon taking Roth IRA distributions once you reach the age of 59 1/2. In general, the longer the time period, the more advantageous the Roth IRA is because of the powerful advantages of compounding.

Americans love to spend and hate to save. Americans have one of the lowest savings rates for developed countries. Americans are the ultimate consumers, and that definitely plays a role. Most people don’t understand the basic concepts of retirement planning and how crucial it is, largely because they’re not widely taught in our high schools or even our colleges and universities. “The intent behind offering the Roth IRA calculator application is to help show the amazing retirement benefits for using a Roth IRA as a retirement and investment vehicle, “ stated Mr. Bergman.

According to Mr. Bergman, the Self-Directed Roth IRA calculator will help demonstrate the enormous asset growth potential of using a Roth IRA. For example, assume Joe, who is thirty years old, decided to start a Self-Directed Roth IRA real estate. Joe had a current Roth IRA balance of zero at that time. Assume Joe decided to make annual Roth IRA contributions of just $3500 each year until he reached the retirement age of 70. Further assume that Joe was able to generate an average annualized rate of return of 9% and the prevailing tax rate was 25%. At age $70 with a Roth IRA, Joe would have $1,289.022 tax-free in his Self-Directed Roth IRA. In contrast, if invested outside of a retirement account, assuming a 25% tax rate, the individual would have just $699,475. Hence, the Self-Directed Roth IRA allowed the individual to accumulate an additional $589,547 of wealth.

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 “checkbook control checkbook Roth IRA 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.

To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.

Jan 23

Some Facts About Using Your IRA to Buy a Franchise

If you intend to use your IRA to purchase a franchise (whether a new or existing business), you should know a few facts.

First off, if the IRA funds are invested directly in the business (IRA is the listed shareholder in a C Corporation or as a member in an LLC), it can only do it on a passive basis.  This means that the IRA owner cannot work for the franchise that the IRA is invested in.

Next, when you invest in an active business, gains over $1,000 resulting from that business is subject to UBIT.  This is a type of tax applicable to all IRAs.  Note that if the investment is made through a promissory note instead of an equity investment, UBIT does not apply.  This tax is so that non-IRA investors (who have to pay capital gains taxes) are not at a disadvantage.

An IRA is not allowed to own a 50%+ interest in a business.  Further, the IRA owner may co-invest in an active business so long as the 50% rule is adhered to.

When the IRA owner reaches age 70 1/2, he or she must start taking required minimum distributions (RMDs).  To satisfy the RMD, the IRA owner may take a distribution of stock or units from the business investment.  Obviously, you may choose to take your RMD from other IRA(s) if you have them.

Lastly, once the IRA owner dies, the IRA holding the franchise investment must be re-registered as a beneficiary IRA (for a non-spouse beneficiary) by December 31.  In the case of a spouse, he or she can simply take ownership of the IRA.

Using an IRA to fund a franchise can only be done passively.  If you wish to participate in the business and earn a salary from it, you may be interested in the ROBS program.  To learn more about using your retirement funds to buy a franchise, please contact a tax expert from the IRA Financial Group @ 800.472.0646!

Jan 17

Some Misconceptions About IRAs

Not everyone knows everything about IRA plans.  They can be a bit confusing, but if you avoid these mistakes, you can better prepare yourself for retirement.  Here’s a sampling of things you should be aware of.  Check out this article for more info.

You know you are allowed to contribute a certain amount each year to an IRA.  Many people are unaware that you don’t need a separate IRA each year you contribute.  In fact, the opposite is more beneficial.  The lower the amount of retirement plans, the easier they are to manage.  Open up one IRA, and contribute to it annually.

Be aware of IRA misconceptionsAnother common mistake is that 401(k) plans are better than IRAs.  Workplace 401(k) plans do offer good benefits like higher contribution limits and employer matches, however you are limited in what you can invest in.  Also, fees are usually higher with 401(k)’s.  This is especially true if you have a self-directed IRA, which allows you to invest in just about anything.  With IRA Financial Group’s self-directed IRA LLC with checkbook control, you can invest in things like real estate, precious metals and tax liens, among other things that you can’t invest in elsewhere.

Many people don’t realize that you cannot take a loan from your IRA like you can with a 401(k).  The only way you can get money out of an IRA without taking a distribution is when you rollover funds from one custodian to another.  However, you only have 60 days to move that money or it will be treated like a distribution and you’ll owe the taxes on the amount and be subject to an early withdrawal penalty if you are under age 59 1/2.

Lastly, you think you can ignore the beneficiary designation forms when you open IRA.  Heck, you’re still young right?  No matter your age, it’s best to fill out the beneficiary forms right away.  Not only should you have a primary beneficiary (such as your spouse), it’s best to have a secondary one (your child) as well.  That way, if you pass, as does your spouse, you know the money will be left where you want it.  No designation and your heirs could face a legal battle to receive your hard-earned money.

Opening and funding an IRA is just the first step to retirement happiness.  If you don’t know all the rules to your IRA, you should contact a professional.  The tax experts at the IRA Financial Group can help you decide your best course of action for your retirement planning.  Give them a call @ 800.472.0646 or visit their website today!

Jan 16

In-House CPA Service for All Self Directed IRA Clients

IRA Financial Group is the only full service Self-Directed IRA facilitator that offers its clients the ability to consult with our in-house tax accountants and CPAs, in addition, to our tax professions. Our in-house CPAs are specially trained in the taxation of retirement accounts, which allows us to provide our clients with specialized tax advice and offer tax filing and reporting services relating to the use and taxation of retirement funds to make investments. Because the use of retirement funds to make investments, such as real estate via a Self-Directed IRA LLC are governed by a set of multifaceted and not widely known tax rules, having the ability to consult and work directly with specially trained tax professionals and CPAs is crucial.

The Taxation of a Self-Directed IRA LLC

Self-Directed IRA LLC owned by one IRA – Disregarded Entity

Using a Self-Directed IRA LLC to make investments, such as real estate presents many exciting investment and tax deferral opportunities. In general, when a wholly owned IRA LLC, also known as a single member Self-Directed IRA LLC is used to make a retirement account investment, there is generally no Federal Income tax return filing requirements, as the LLC will be treated as a disregarded entity for tax purposes. An LLC is treated as passthrough entity for tax purposes, which means it is not subject to tax. The owner (IRA member) of the LLC would be the party responsible for the payment of tax on the allocated net profits generated by the LLC.

When it comes to the payment of tax, in the case of a single member LLC treated as a disregarded entity for tax purposes, the member (owner) of the LLC, and not the LLC would be responsible for the payment of tax in connection with any net profits generated by the LLC. However, in the case of a single-member Self-Directed IRA LLC, an IRA, which is exempt from tax pursuant to IRC Section 408, is the sole owner of the LLC, not an individual or taxable entity. Hence, since a tax-exempt retirement account is the sole owner of the LLC, in general, no tax is due when making real estate and other passive investments with a Self-Directed IRA LLC.

In addition, most states do not require single member LLC to file a state tax return. However, certain some states do impose certain filing and tax requirements on single-member Self-Directed IRA LLCs. As a result, it is vital to work with specially trained tax professionals and CPAs who can properly advise on all the federal and state tax matters involving using a single-member Self-Directed IRA LLC.

Self-Directed IRA LLC owned by two or more IRAs – Partnership

In the case of an LLC owned by two or more IRA accounts, the LLC would be treated as a partnership for Federal Income tax purposes and as a result an IRS Form 1065, Partnership Return, must be filed with the IRS even though no tax is due at the partnership level. An LLC owned by two or more IRAs is treated as a partnership for tax purposes. Like a single member LLC, multiple-member LLCs are treated as passthrough entities for tax purposes and, thus, are not subject to tax. The owner(s) (IRA member(s)) of the LLC would be the parties responsible for the payment of tax on the allocated net profits generated by the LLC. However, in the case of a multiple-member Self-Directed IRA LLC, two or more IRAs, which are exempt from tax pursuant to IRC Section 408, would be the owners of the LLC, not an individual or taxable entity. Hence, since a tax-exempt retirement account are the sole owners of the LLC, in general, no tax is due when making real estate and other passive investments with a Self-Directed IRA LLC.

In addition, most states require LLCs treated as a partnership for federal income tax purposes to file a partnership return for state purposes. However, in the case of a single member Self-Directed IRA LLC, an IRA, which is exempt from tax pursuant to IRC Section 408 is the sole owner of the LLC, not an individual or taxable entity. Hence, since a tax-exempt retirement account is the sole owner of the LLC, in general, no tax is due when making real estate and other passive investments with a Self-Directed IRA LLC.

However, some states do impose certain filing and tax requirements on multi-member Self-Directed IRA LLCs. As a result, it is vital to work with specialized tax professionals and CPAs who can properly advise you on all the federal and state tax matters involving using a multiple-member Self-Directed IRA LLC.

In-House CPA Services

The IRA Financial Group has designed a specialized Self-Directed IRA LLC CPA service, which will offer clients the ability to consult with specialized Self-Directed IRA LLC trained CPAs on a wide variety of tax matters concerning the Self-Directed IRA. Below is a list of some of the services offered by our in-house CPAs:

  • Advising clients regarding Federal Income tax matters concerning the use of a Self-Directed IRA LLC
  • Advising clients regarding state Income tax matters concerning the use of a Self-Directed IRA LLC
  • Assisting clients with the completion and filing of any Federal Income tax Partnership returns in connection with a Self-Directed IRA LLC
  • Assisting clients the completion and filing of any state Income tax returns in connection with a Self-Directed IRA LLC
  • Advising clients on the IRS prohibited transaction rules as they pertain to federal and state tax matters involving a Self-Directed IRA transaction
  • Assisting clients regarding any state franchise or income tax matters concerning a Self-Directed IRA LLC investment
  • Advising clients regarding the Unrelated Business Taxable Income (UBTI or UBIT) rules
  • Advising clients regarding the Unrelated Debt Finance Income (UDFI) tax rules
  • Assisting clients the completion and filing of the IRS Form 990-T in connection with a Self-Directed IRA LLC investment that generates UBTI and/or UDFI
  • Assisting clients with the day-to-day accounting and management of the Self-Directed IRA LLC & investments (QuickBooks)
  • Self-Directed IRA valuation services
  • Advising on the federal and state asset & creditor protection rules relating to the use of a Self-Directed IRA LLC

Specialized In-House CPA Service for Real Estate Investors

When it comes to engaging in a real estate transaction with a Self-Directed IRA LLC there are a number of important IRS and tax rules that must be followed. For example, IRC Section 4975 prohibits an IRA owner to engage in a transaction that directly or indirectly benefits him/or her or any other “disqualified person”. A “disqualified person” is defined in IRC Section 4975 as the IRA owner and any of his or her lineal descendants, which include parents, children, spouse, daughter-in-laws, and son-in-laws. In addition, a “disqualified person” is not permitted to provide any services or receive any personal benefit from the Self-Directed IRA LLC investment. Therefore, IRA Financial Group has specially designed a CPA tax service program for Self-Directed IRA investors. The specialized CPA service will offer special federal and state tax advice regarding real estate matters as well will cover federal and state tax reporting and filing obligations. Our specially designed Self-Directed IRA real estate CPA service will also offer clients that ability to work with our in-house CPAs to develop an internal accounting system that could keep track of all IRA LLC related expenses and income in order to be in a position to properly value the Self-Directed IRA LLC’s assets. The Self-Directed IRA real estate CPA service is designed to offer a retirement investor with a more detailed accounting of the activities of the Self-Directed IRA LLC.

The tax professionals and CPAs at the IRA Financial Group are committed to making sure your Self-Directed IRA LLC solution remains in full IRS and state compliance from establishment through investment.

For more information on IRA Financial Group’s in-house CPA services, please contact a Self-Directed IRA expert at 800-472-0646.  Be sure to catch us on Facebook and Twitter!

Jan 15

IRA Financial Group Reviews – Best Checkbook Control IRA Providers

By doing a quick search on Google, one can discover a handful of self-directed IRA providers that offer services involving the establishment of a checkbook control IRA LLC.  IRA Financial Group has reviewed the available self-directed IRA providers and has found that in the majority instances, most of the checkbook control providers are able to establish IRS compliant self-directed IRA LLC solutions.  However, when selecting the best self-directed IRA LLC provider, one should be careful to look at the following factors.

Seek full “Checkbook Control”: With a Self-Directed IRA LLC, you have even more advantages, including what’s called “checkbook control”.  As manager of the Self-Directed IRA LLC you will have the ability to make IRA investments without seeking the consent of a custodian. Instead, all decisions are truly yours.

Gain Complete Access: With a Self-Directed IRA LLC, you will have direct access to your IRA funds allowing you to make an investment quickly and efficiently. There is no need to obtain approvals from your custodian or deal with time delays in awaiting approval from your custodian or pay any review fees.

Speed of Checkbook Control: With a Self-Directed IRA LLC, when you find an investment that you want to make with your IRA funds, simply write a check or wire the funds straight from your Self-Directed IRA LLC bank account to make the investment. The Self-Directed IRA LLC allows you to eliminate the delays associated with an IRA custodian, enabling you to act quickly when the right investment opportunity presents itself.

Seek Lower fees: Another advantage to a Self-Directed IRA LLC account is that you can save a lot of money on custodian fees. With the “checkbook control” Self-Directed IRA LLC structure, you will not be required to seek custodian investments when making IRA investments allowing you to eliminate custodian transaction fees and account valuation fees.

Work with tax professionals:  You should demand to work directly with qualified tax professionals, such as a tax attorney and/or a CPA who can provide specific tax assistance and advice regarding the establishment and maintenance of the Self-Directed IRA LLC solution.  For example, with IRA Financial Group, one will have direct and unlimited access to our in-house tax and ERISA professionals. In addition, each client of the IRA Financial Group is assigned a retirement tax professional to assist in establishing an IRS compliant Self-Directed IRA LLC

To read more IRA Financial Group reviews, please visit www.irafinancialgroup.com.