Posts Tagged ‘Financial’

IRA Financial Group Adds Features to its Solo 401(k) Plan 5500-EZ Annual Tax Reporting & Consultation Service

Friday, August 8th, 2014


New York, NY (PRWEB) July 22, 2014

IRA Financial Group, the leading provider of self-directed solo 401(k) plans, announces the expansion of its annual tax and compliance service to include the completion of the annual IRS information form 5500-EZ. IRA Financial Groups solo 401(k), also known as an individual 401(k) plan or self-employed 401(k) plan was designed specifically for sole proprietors, small businesses with no full-time employee and independent contractors such as consultants. A Solo 401(k) Plan can be adopted by any business with no employees other than the owner(s) or a spouse. The business can be established as a sole proprietorship, LLC, corporation, or partnership. IRA Financial Group offers all its Solo 401(k) plan clients the opportunity to receive annual tax consulting and CPA services, which includes the preparation of the IRS Form 5500-EZ. We are committed to providing all of our thousands of solo 401(k) clients with the opportunity to have their IRS Form 5500-EZ completed by specialized CPAs, stated, Susan Glass, a retirement tax specialist with the IRA Financial Group. It was important that our solo 401(k) compliance fee to include to completion of the IRS Form 5500EZ, because we wanted our clients to be able to focus on their business why we focus on their solo 401(k) plan, stated Ms. Glass.

There is generally no annual filing requirement unless the solo 401(k) plan assets exceed $ 250,000 in assets. In such a case, the Solo 401(k) Plan participant will need to file a short information return with the IRS (Form 5500-EZ). The IRS Form 5500-EZ is due on July 31. Now, IRA Financial Group is offering all its Solo 401(k) Plan clients the service of completing the IRS Form 5500-EZ for no additional fee. We wanted to make sure our solo 401(k) Plan clients that are required to file an IRS Form 5500-EZ are getting the necessary support they need to make sure the form is completed properly, stated Ms. Glass.

The solo 401(k) Plan, offers one the ability to make annual contributions of up to $ 52,000 for 2014 ($ 57,500 for those over the age of 50), borrow up to $ 50,000, as well as use his or her retirement funds to make almost any type of investment, including real estate, on their own without tax without requiring the consent of any custodian or person and from the comfort of a local bank account. Our 5500-EZ recordkeeping service is projected to give our solo 401(k) plan clients the piece of mind to know their plan will be maintained in full IRS compliance without any additional fees stated Mr. Bergman, a tax partner with the IRA Financial Group.

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 provider 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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Mack International President to Co-chair the Opal Financial Group Family Office & Private Wealth Management Forum, July 21-23 in Newport

Wednesday, August 6th, 2014


Chicago, IL (PRWEB) July 21, 2014

Linda C. Mack, founder and president of Mack International, the premier retained executive search and family office strategic management/human capital consulting firm, has been selected to co-chair the Opal Financial Group 2014 Family Office & Private Wealth Management Forum: The Race for Returns, to be held July 21- 23 at the Hyatt Regency Newport in Newport, Rhode Island.

The conference is one of Opals premier Private Wealth Series events for high-net-worth individuals and family offices from around the world. Linda C. Mack will co-chair the Forum and present opening remarks with Jason Cavanagh, CEO of the Saint Leonard Family Office (SFO), and Michael Pompian, Partner and Director of Private Wealth Practice, Mercer, LLC.

Some of the most well-established family offices, private investors, money managers and private wealth service providers attend for three days of engaging discussions and peer-to-peer exchanges on not only a spectrum of current investments trends but also a variety of softer issues effecting current and future generations of families, Linda Mack explained.

In addition to co-chairing the conference, Mack will moderate a panel on Wednesday, July 23 titled Operations and technology: Leading edge family office infrastructure and family office reporting. Panelists will include Mark Wickersham, Director, Netage Solutions, Inc., James Koutoulas, CEO, Typhon Access, Carl Sheeler, Director, Berkeley Research Group, LLC and Melissa Mattison, Vice President, Strategic Solutions.

According to Mack, the session will explore key evolving operational reporting and technology trends and the impact of these trends on family offices. We will discuss how ownership structures, asset allocation and client requirements affect reporting needs of single and multi-family-offices, and what considerations these organizations should take into account before embarking on significant technology investment, upgrades or changes, Mack said.

The session will also cover key challenges that single and multi-family-offices face in successfully changing or upgrading reporting technology. Panelists will offer insights into how to best determine the familys core technology and reporting needs; whether resources and expertise exist in-house and when to outsource; security, confidentiality and reliability issues; and how to maintain successful operations during changes, Mack continued.

As with numerous decisions in any family office operation, it is essential that there is agreement and alignment of operational technology decisions with family goals and values, Mack said.

The Forum will also have presentations explore the challenges and opportunities associated with investing in emerging markets, alternative investments, real estate, gold, and numerous other asset classes, and will also include sessions addressing other issues of import to family offices such as office structure, taxation and regulation, risk management, high-impact philanthropy and technology trends.

Opal Financial Group will kick off the event with its Annual Americas Regatta Cup, in which attendees will have the opportunity to work with a professional sailing charter crew while competing against industry peers.

Mack International, LLC, headquartered in Chicago, is a global retained executive search and strategic management/human capital consulting firm serving national and international clients in the family office, family business enterprise and the wealth management industries. Linda C. Mack develops close, consultative partnerships with clients and candidates, and has achieved an exceptional track record of success as evidenced by consistent referrals, repeat engagements and long tenures of candidates placed. For more information, visit http://www.mackinternational.com or call 800.976.0015.







IRA Financial Group Introduces Special Creditor & Asset Protection Plan for Self-Employed Business Owners

Tuesday, July 29th, 2014


New York, NY (PRWEB) July 15, 2014

IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) Plans, introduces a special creditor and asset protection plan for self-employed individuals and business owners with no full-time employees. The special creditor and asset protection plan for self-employed business owners offers protection of retirement assets from creditors or in the case of bankruptcy. By using a solo 401(k) plan as a retirement and investment vehicle, self-employed individuals can generally protect their retirement assets from creditors or bankruptcy, stated Adam Bergman, a tax partner with the IRA Financial Group.

In addition to being the most popular plan for the self-employed, the self-employed 401(k) plan, also known as the solo 401(k) plan, offers string asset and creditor protection for retirement holders inside and outside of bankruptcy.

According to Mr. Bergman, retirement accounts have become many Americans’ most valuable assets. That means it is vital that you have the ability to protect 401(k) assets from creditors, such as people who have won lawsuits against you. In general, the asset/creditor protection strategies available depend on the type of retirement account one has (i.e. Traditional IRA, Roth IRA, or 401(k) qualified plan, etc.), your state residency, and whether the assets are yours or have been inherited. In the case of a personal bankruptcy of a self-employed individual that has solo 401(k) plan assets, the 2005 Federal Bankruptcy Act will protect all retirement assets from creditors. However, in the case of state law insolvency, enforcement, or garnishment proceeding, the determination of whether ones retirement asset are protected from creditors generally depends on state law. Most states offer strong asset and creditor protection of retirement assets held in a 401(k) qualified retirement plan, such an individual 401(k) plan, stated Mr. Bergman.

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 provider of IRS approved self-directed IRA LLC and 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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IRA Financial Group Introduces Tax-Free Solution For Investing in Real Estate The Self-Directed Roth IRA

Tuesday, April 22nd, 2014


New York, NY (PRWEB) April 15, 2014

IRA Financial Group, the leading provider of self-directed Roth IRA LLC solutions introduces an IRS approved solution for investing in real estate tax-free with retirement funds. IRA Financial Groups checkbook control self directed Roth IRA LLC offers one the ability to use his or her retirement funds to make almost any type of real estate investment on their own without requiring the consent of any custodian or person, including real estate without tax or penalty. The IRS only describes the type of investments that are prohibited, which are very few. Our self-directed Roth IRA real estate solution is the ultimate tax shelter for real estate investors, stated Adam Bergman, a tax partner with the IRA Financial Group.

IRA Financial Groups Self-Directed Roth IRA LLC for real estate investors, also called a real estate IRA with checkbook control, is an IRS approved structure that allows one to use their retirement funds to make real estate and other investments tax-free and without custodian consent. The Self-Directed Roth IRA LLC involves the establishment of a limited liability company (LLC) that is owned by the Roth IRA (care of the Roth IRA custodian) and managed by the Roth IRA holder or any third-party. As manager of the Roth IRA LLC, the Roth IRA owner will have control over the Roth IRA assets to make the investments he or she wants and understand not just investments forced upon you by Wall Street.

The IRS has always permitted a Roth IRA to purchase real estate, raw land, or flip homes. With IRA Financial Groups self-directed Roth IRA LLC solution, investors can make real estate purchases and generate income and gains without ever paying tax stated Mr. Bergman. A growing number of clients are realizing that using self directed Roth IRA to make investments will become far more tax efficient than in prior years due to the increasing income tax rates, stated Jacky Ospina, a retirement tax specialist with the IRA Financial Group. One major advantage of buying rental properties with a Self-Directed Roth IRA is that all rental income generated by the property is tax-free until a distribution is taken.

Instead of buying real estate with personal funds and being subject to tax on the income or upon the disposition of the asset, a Self Directed Roth IRA real estate LLC with Checkbook Control will allow one to buy real estate, including rental properties without paying tax immediately. With a self-directed real estate Roth IRA, all income and gains generated by the IRA LLC investment will flow back to the IRA tax-free

Adam Bergman, a tax partner with the IRA Financial Group, expands on the benefits of using a self-directed Roth IRA LLC with checkbook control to make investments, By using retirement funds to make investments, retirement investors will have the ability to generate income or gains without ever paying tax. Using a Self-Directed Roth IRA allows one to take advantage of the best remaining legal tax shelter. Stated Mr. Bergman.

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.







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IRA Financial Group Introduces the Freedom Individual 401(k) Plan for Independent Contractors

Monday, February 17th, 2014


New York, NY (PRWEB) February 03, 2014

IRA Financial Group, the leading Solo 401(k) Plan provider, announces the introduction of the Freedom individual 401(k) Plan designed exclusively for independent contractors, such as consultants and real estate brokers. IRA Financial Groups new Freedom individual 401(k) Plan was designed to offer self-employed independent contractors a diverse and wide array of investment opportunities for their retirement funds, including real estate, precious metals, hard money lending, as well as stocks and mutual funds. In addition, the Freedom individual 401(k) plan will serve as a retirement vehicle allowing an independent contractor the ability to defer up $ 52,000 annually ($ 57,500 if over the age of fifty). Our IRS approved Freedom individual 401(k) Plan is perfect for any independent contractor looking to make traditional as well as non-traditional investments, such as real estate with their retirement funds, stated Adam Bergman, a tax partner with the IRA Financial Group.

According to Mr. Bergman, when using the Freedom individual 401(k) for investments, such as real estate, income and gains are tax-deferred back into the retirement account. More important, with IRA Financial Groups Freedom Solo 401k, real estate investments can be made on the spot as fast as you can write a check.

IRA Financial Group open Freedom individual 401(k) Plan was designed specifically to provide independent contractors with the ability to make high annual tax deferral contributions, as well as make a wide variety investment through a single retirement account from the comforts of a local bank account.

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 individual 401k 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.







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