IRA Financial Group introduces bitcoin self-directed IRA with checkbook control

Investing | February 2, 2017 By:

IRA Financial Group has announced the introduction of its self-directed IRA bitcoin with checkbook control.

“We are excited to offer our clients with a tax efficient and cost effective way to use retirement funds to buy bitcoin,” Adam Bergman, a partner with the IRA Financial Group.

IRA Financial Group’s option for bitcoin investors is an IRS approved structure that allows one to use their retirement funds to make bitcoin and other investments tax-free and without custodian consent. The Self-Directed IRA LLC involves the establishment of a limited liability company that is owned by the IRA and managed by the IRA holder or any third-party. As manager of the IRA LLC, the IRA owner will have control over the IRA assets to make traditional as well as non-traditional investments, such as real estate.

Using IRA Financial Group’s self-directed IRA LLC with ‘checkbook control’ solution to make bitcoin investments offers some different investment opportunities, including the ability to diversify a retirement portfolio with real estate, precious metals, or other alternative investment options.

IRA Financial Group ia a provider of self-directed IRA LLC and Solo 401(k) Plans.