IRA Financial Group, the leading provider of Self-Directed IRA LLC solutions, announces the introduction of the Open Self-Directed IRA LLC real estate solution. With IRA Financial Group’s Open Self-Directed IRA LLC solution, the IRA holder will have “checkbook control” over his or her retirement funds, allowing the individual to make real estate investments by simply writing a check. IRA Financial Group’s Open Self-Directed IRA LLC real estate solution will allow the retirement investor to serve as manager of the special purpose IRA LLC and make real estate investments by simply writing a check. “Our Open Self-Directed IRA LLC real estate solution is geared towards any real estate investor looking for a flexible investment and retirement vehicle to make real estate investments tax-free,” stated Adam Bergman, a tax attorney with the IRA Financial Group.
Instead of buying real estate with personal funds and being subject to higher income and capital gains tax rates, a Self Directed IRA real estate LLC with Checkbook Control will allow one to buy real estate, including rental properties without paying tax. With a self-directed real estate IRA, all income and gains generated by the IRA investment will flow back to the individual’s IRA tax-free. By using a Self-Directed IRA to make investments, the IRA owner is able to defer taxes on any investment returns, thus allowing the IRA owner to benefit from tax-free growth. Instead of paying tax on the Self-Directed IRA returns of an investment, tax is paid only at a later date when a distribution is taken, leaving the investment to grow tax-free without interruption.
IRA Financial Group’s Self-Directed IRA LLC with “checkbook control” solution is tax court and IRS approved. A special purpose limited liability company (“LLC”) is established that is owned by the IRA account and managed by the IRA account holder. The IRA Custodian then transfers the IRA Holder’s retirement funds to the new IRA LLC’s bank account, which can be opened at any local bank providing the IRA holder with “checkbook control” over his or her IRA funds.
The IRS has always permitted an IRA to purchase real estate, raw land, or flip homes. “With IRA Financial Group’s Open Self-Directed IRA real estate LLC solution, investors can make real estate purchases and generate income and gains while deferring taxes,” stated Mr. Bergman. “A growing number of clients are realizing that using a Self-Directed IRA to make investments will become far more tax efficient than in prior years due to the increasing capital gains tax rates,” stated Maria Ritsi, a senior paralegal with the IRA Financial Group. One major advantage of buying rental properties with a Self-Directed IRA is that all rental income generated by the property is 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.
IRA Financial Group is the market’s leading facilitator of Self-Directed IRA 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.