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In this week’s episode, IRA Financial’s Adam Bergman Esq. answers questions about building on a personal property with an IRA, using an IRA to invest in a business you co-own, and setting up a Solo 401(k) when you own multiple businesses.
1:19 *Question 1: I own a track of land personally; can I use my IRA to build a home on that land?
3:31 *Question 2: I own 30% in a private business with several other partners that are not related to me, can I use my IRA to invest in the business?
7:31 *Question 3: I have a business that has 12 employees that I own less than 50%, and have another business which I am the sole owner that has nothing to do with that business. Can I set up a Solo 401(k) plan for the business with no employees?
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About IRA Financial:
IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
Learn More: https://www.irafinancialgroup.com/about-us/
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