Printer Friendly

IRA Financial Group Reports More than $450 Million in Retirement Funds Invested in Real Estate.

NEW YORK -- With the real estate market still in slow recovery, an increasing number of individuals have seized opportunities to purchase properties using an Individual Retirement Account (IRA). IRA Financial Group, the market's leading self-directed IRA service provider, reports more than $450 million of IRA investments in real estate in the last 12 months.

The most pervasive roadblock facing current real estate investors proves to be a lack of available credit. As a result, many low-on-cash investors have sought alternative sources of funding. Self-directed IRAs have enabled thousands of investors to use their retirement funds to purchase real estate, tax-free. The IRS permits the use of retirement assets to buy real estate both domestically and internationally.

"It's been an extremely rewarding experience to help so many people make real estate investments and to support the domestic real estate market," said Adam Bergman, president of IRA Financial Group.

Self-directed IRA structures have developed into a valuable source of funding for real estate investors and as a result made a significant contribution towards strengthening the U.S. real estate market. Home purchases typically pump thousands of dollars into local economies as new owners often add new paint, carpet, appliances and roofs to their investments. This translates into job growth for related services.

"With the use of our self-directed IRAs, investors have side-stepped the tight credit markets by using their retirement funds to make investments," said Bergman. "One of the advantages of using a self-directed IRA to purchase real estate is that all income and gains generally flow back to the IRA tax-free."

The IRS also permits the use of IRA funds for other nontraditional investments such as tax liens, precious metals, private businesses, foreign currency, options and stocks.

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. For more information visit www.irafinancialgroup.com or call 1-800-472-0646.
COPYRIGHT 2011 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:IRA Financial Group Reports More than $450 Million in Retirement Funds Invested in Real Estate.
Publication:Business Wire
Geographic Code:1U2NY
Date:Jul 25, 2011
Words:386
Previous Article:The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Lockheed Martin Corporation.
Next Article:IntriCon to Announce 2011 Second-Quarter Results on Wednesday, August 10.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters