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Because of the prohibited transaction rules, you cannot personally benefit from an asset owned by your Self-Directed IRA. However, you do have options to use your IRA funds to purchase a primary residence.
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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.
IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.
IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.
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3 Top Work From Home Ideas to Help You Make Money at Home
Today so many people have abandoned the traditional yellow pages directory to find products and services. Instead they are searching the Internet for what they want, and this gives you a great opportunity to explore work from home ideas with little or no startup capital. So here are 3 top tips to make money at home.Rebalancing – Keep Your Portfolio Up With The Times And Circumstances
A portfolio requires rebalancing under many circumstances. A stock market run-up could warrant a change in your investment mix from its present allocation of say, 60% stocks to a much higher risk level of perhaps 80%. On the other hand, rapidly rising interest rates could threaten your bond holdings.How to Become Financially Secure When You Are Under 35
Starting to think about financial security when you are under the age of 35 is not high on list of things to do for many people. After all there are many other expenses to occupy you such as raising a family, buying a house, going on vacations, which make it hard to think about and plan for the future. As many people under the age of 35 are aware financial insecurity can be an extreme source of stress and anxiety. This means working towards financially security should become a higher priority. Here are some tips to help without causing a lot of self-sacrifice.Becoming a Millionaire Is Just Two Steps Away
Yes, you read it right. You indeed are just 2 steps away from your dream of becoming a millionaire.Think Like a Millionaire – How?
Being successful financially is not as difficult as it seems. The only thing that you need to have is the right mindset. Most people nowadays fall prey to different myths that come about in order to achieve financial success. If you really want to be successful, the first thing that you need to do is to think like a millionaire.