IRA Financial Group, the leading facilitator of Self-Directed IRA LLC solutions, has seen a strong growth in demand for retirement account holders looking to enhance their retirement savings by using their IRA funds to engage in peer-to-peer and private lending transactions. “Over the last year, we have seen a growing number of retirement investors looking to use a Self-Directed IRA to engage in private and peer-to-peer lending transactions in order to improve their retirement portfolios,” stated Adam Bergman, a tax attorney with the IRA Financial Group. The new Private Lending Self-Directed IRA LLC Solution is geared towards investors looking to take advantage of tax-free peer-to-peer and private lending transactions.
Since the stock market crash of 1998, many Americans have been disheartened with the conventional buy-and-hold approach to retirement investing and the dismal returns it has provided. Consequently retirement investors, especially baby boomers, are eager to improve their retirement prospects. “Our clients have taken advantage of the tightening credit market by using a Self-Directed IRA to engage in private lending transactions in order to earn higher returns,” Mr. Bergman added.
The IRS allows retirement investors to use their retirement funds to engage in private lending transactions with non-disqualified persons. A disqualified person is defined as a lineal descendant, grandparent, parent, child, spouse, daughter-in-law, son-in-law or any entity controlled by such persons. “As the manager of their Self-Directed IRA LLC, the IRA holder will have direct control over their retirement funds in order to make private lending transactions, tax-free and without custodian consent,” stated Mr. Bergman. One major advantage of engaging in a micro-lending transaction with a Self-Directed IRA is that all gains generated by the investment 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.
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” Self-Directed 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.