- IRA Financial is a small firm founded by tax law specialists that manages over $4.9 billion in self-directed IRAs and offers both conventional and unconventional investment options, including real estate, private business stock, P2P lending, and cryptocurrency. They provide maximum flexibility via checkbook writing and are suitable for investors looking to work with a smaller firm that offers a range of alternative investments with check writing.
- The company has low fees, no startup or storage fees, and annual custodian fees ranging from $180-$360. Transaction fees range from $35-$45 and fluctuate based on asset class.
- IRA Financial offers investment guides, blogs, and podcasts for investors on their site and provides excellent customer service online or over the phone.
- Customers have reported positive experiences using IRA Financial to open IRA LLCs and Solo 401Ks, with friendly and informative service from employees such as Jennifer. However, some have complained about uncertainties regarding ongoing yearly compliance fees and have found fees to be higher compared to other companies.
Overview of IRA Financial Group
4.3/5 Ratings
With a focus on empowering individuals to take control of their retirement accounts, IRA Financial Group has established itself as a prominent player in the financial services industry.
Pros and Cons
Pros
✅ Varieties of account kinds
✅ Low commissions and fees
✅ Simple online toolkits
Cons
❎ limited alternatives for customer service
❎ A shortage of investing options
This company provides a self-directed IRA product that allows clients to invest in alternative assets such as real estate, private equity, and cryptocurrencies, in addition to traditional stocks and bonds. IRA Financial Group also offers a Solo 401(k) plan for self-employed individuals. These unique offerings set IRA Financial Group apart from other financial institutions.
Company background and offerings
IRA Financial Group is a great company for self-directed IRAs. They offer checkbook control, which gives clients more control over their investments. Traditional and alternative investment options are available, like real estate, precious metals, private equity, and cryptocurrency. This makes IRA Financial Group stand out.
Moreover, they have Solo 401K plans for self-employed individuals. Checkbook writing is a unique feature, enabling clients to make investments through their IRA account. Low fees and account management is attractive to investors.
Customer service is a priority for IRA Financial Group. Resources include educational materials and webinars to inform clients about the investment options. Many have praised the company’s efficient assistance in setting up accounts.
However, clients have mentioned high fees and pressure to transfer custodial services. Despite this, many investors find IRA Financial Group to be a reliable choice. So, the company’s offerings make them a unique and appealing choice for investors who want to go beyond traditional investment options.
Take a look at some of our most popular investments in the table below. We offer traditional options like stocks, bonds, and mutual funds – and unconventional ones like real estate, crypto, and metals.
Investment Options Offered
Looking for diverse investment options? In this review, we’ll explore the investment options offered by the IRA Financial Group. The IRA Financial Group specializes in self-directed retirement accounts, which allow for investment in a wider range of opportunities than traditional retirement accounts. These options include, but are not limited to, real estate, precious metals, private lending, and cryptocurrency.
One advantage of self-directed accounts is checkbook writing, which allows for quicker and easier investment transactions. With checkbook writing, investors can quickly make purchases or investments from their account without having to go through a custodian.
In conclusion, the IRA Financial Group offers a variety of self-directed investment options for those who are looking for diversity in their retirement portfolio. With checkbook writing and the ability to invest in unconventional assets, the IRA Financial Group provides unique investment opportunities for investors.
Conventional and unconventional investment options
At IRA Financial Group, we get it: everyone has different goals, finances and risk levels. That’s why we offer a wide range of conventional and unconventional investment choices. We customize our options to fit your individual needs.
| Investment Type | Description |
| Stocks | Equity in a public corporation |
| Bonds | A loan made to a corporation or government entity |
| Mutual funds | A portfolio of stocks and/or bonds managed by a professional investor |
| Real estate | Investment in a physical property such as a rental property, commercial property, or land |
| Crypto | Digital or virtual currencies that use cryptography for security |
| Metals | Investment in physical precious metals like gold, silver, or platinum |
Plus, with self-directed accounts with checkbook control, you can invest in private equity and real estate without waiting on custodian approval.
No matter what you want to invest in, IRA Financial Group has you covered. We’re here to help you reach your goals.
Advantages of Checkbook Writing
The IRA Financial Group offers a unique feature of checkbook writing to their clients, giving them complete control of their investment funds. This boosts their investment flexibility and makes managing it simpler. Clients can make the most of numerous benefits, like faster transactions, better privacy and discretion for their investments, and the capability to invest in unconventional asset classes such as cryptocurrency, which are not allowed in traditional financial institutions.
A great benefit of checkbook writing is that it does away with the need for custodian consent for each financial investment or payment, thus reducing the transaction time. It also allows for investment in non-traditional asset classes, which would otherwise be prohibited by traditional financial institutions due to regulatory restrictions.
Checkbook writing also gives better privacy and discretion with investments, as there’s no need to inform any third party about an individual’s transactions. This ensures that investors can carry out their investments discreetly and saves them from the risk of information leaks.
The IRA Financial Group provides low fees for their checkbook writing feature and provides top-notch customer support plus comprehensive investment resources. This gives investors more autonomy over their finances and allows them to maximize their profits without worrying about needless red-tape procedures.
In conclusion, checkbook writing is ideally suited for individuals who seek absolute control over their finances while still maximizing gains in accordance with the law. By eliminating extra costs from account management and reducing lead times for administrative procedures, investors can concentrate on diversifying their portfolios with high-yielding assets such as real estate or private equity. So, grab the advantages of checkbook writing and gain complete control of your investment funds!
Fees and Customer Service
With IRA Financial Group, you can expect low custodial and transaction fees. In fact, their fees are among the lowest in the industry. Additionally, their customer service and investment resources are top-notch. Let’s take a closer look at their fees and customer service.
Low Fees and Transaction Fees
The IRA Financial Group is renowned for its low fees and transaction fees. Opening and maintaining a self-directed IRA LLC or Solo 401k account costs minimal charges. Additionally, the transaction fees are much lower than other industry providers. Plus, there are no fees for annual valuations or balance checks. Transactions processed via checkbook take only one day, with no extra fees.
Customers appreciate this convenience and cost-effectiveness. The company also provides high-quality customer service. Clients report positive experiences with setting up their accounts at low prices, along with helpful advice on investment options.
It’s clear why the IRA Financial Group is a top choice. Forbes states that the company offers top-notch services while keeping fees competitive and transactions smooth. Low fees and transaction fees are major factors in its success.
Trust us for self-directed investing and resources for tax-deferred savings account plans after retirement. Get in touch today!
Excellent Customer Service and Investment Resources
At IRA Financial Group, we take great pride in our excellent customer service and investment resources. Our team of professionals provides personalized attention to each client. Moreover, they equip them with the necessary info and tools to make informed investment decisions.
We also offer an educational program. It helps investors explore conventional and unconventional investment options on our platform and other financial institutions. Our program includes webinars, video courses, books, and guides. These aid customers in understanding their investing options better.
Additionally, our website has extensive resources. These include articles, videos, and FAQs. They cover all key aspects of self-directed investing and retirement planning. Plus, our unique checkbook writing option gives customers greater control of their funds. It lets them write checks directly from their IRA accounts. This eliminates traditional custodian fees and minimizes transaction delays.
We’ve received praise from our customers regarding our customer support and educational resources. Many have successfully established Individual Retirement Account Limited Liability Companies (IRA LLC) and Solo 401K plans with our guidance and resources.
Customer Testimonials
Ira Financial Group is a company that provides self-directed IRA and 401K plans. In this section, we will examine customer testimonials to gain insight into their experiences. Positive reviews highlight the ease of setting up IRA LLC and Solo 401K plans, while negative reviews mention high fees and limited options. The testimonials offer a glimpse into the experiences of real customers.
Positive Experience with Setting up Ira Llc and Solo 401k
The IRA Financial Group is the best option for anyone looking for outstanding services for setting up an IRA LLC and Solo 401K account. Loyal customers love the company’s resources that make it easy to set up and manage these accounts. If you want a stress-free experience, with no fuss, the IRA Financial Group is your go-to. They offer traditional and alternative investment options with checkbook writing.
One of the company’s greatest advantages is the low fees. Everyone can afford them – they are reasonable and manageable. Plus, they keep transaction fees low, so customers can get great service without paying extra.
Customers love the IRA Financial Group and its services. The company provides useful investing advice and counselors to help clients through the process of setting up these accounts. If you want a great experience setting up an IRA LLC and Solo 401K account, the IRA Financial Group is your solution.
Complaints About High Fees and Limited Options
Customers have complained about high fees when using IRA Financial Group’s services. This is true, as the annual fee for IRA administration is $300 which is higher than other custodians.
Clients have said that they lost money due to limited investment options. However, IRA Financial Group offers a range of investments such as real estate, precious metals, and cryptocurrency.
There have been reports of inadequate support for investment decisions. Though, the company has experts to assist clients, some may not have had good experiences due to individual cases.
Some customers are content with the services despite the costs. The fees are high compared to other custodians, but there are unique investment opportunities.
Others agree that the wider range of investments is worth the fees. People appreciate the ability to invest in alternative assets such as real estate.
A small number of customers have mentioned transparency issues with administration charges and other stealth charges. However, these fees are stated on the website.
Some have had difficulty transferring custodial services to another provider or are not sure of yearly compliance fees.
One customer was charged a yearly compliance fee for their SDIRA without being informed. This is wrong, as IRA Financial Group does not charge an annual compliance fee. Another reported pressure from the company to transfer custodial services elsewhere. The company may suggest, but they don’t pressure clients to leave.
Investors remain unsure of yearly expense thresholds for retirement accounts.
IRA Financial Group has had mixed feedback due to high fees and unmet expectations of service provisions. Investment decisions are personal and vary based on individual circumstances and preferences.
Review of Customer Complaints
Are you considering using Ira Financial Group for your Self-Directed IRA? Before making a decision, it is important to be aware of the information regarding the company’s ongoing yearly compliance fee for SDIRA, as well as concerns about pressure to transfer custodial services and uncertainty surrounding what the fee covers. In this section, we will review these issues with sources cited from the Reference Data, allowing you to make an informed decision.
Ongoing Yearly Compliance Fee For Sdira
SDIRA annual compliance fees are a yearly cost charged by IRA Financial Group. This fee is essential to remain compliant with the IRS and avoid audit penalties.
The purpose of this fee is to allow alternative investments, such as real estate, notes, and private stocks. Clients need to know what the fee covers, to ensure they are aware of what they are paying for. This fee guarantees compliance with the IRS.
A customer praised IRA Financial Group’s services in setting up his IRA LLC. The fee was high, but the customer felt it was worth it due to all the advantages. Customers should only transfer custodial services to IRA Financial Group if they are okay with giving up control of their investments.
Pressure to Transfer Custodial Services
Rarely, customers of IRA Financial Group have felt the urge to switch custodial providers. But, typically customers have good reviews about the customer service assistance they get from IRA Financial Group.
When looking into IRA Financial Group, it’s important to consider the openness and customer support. Even though some may want to switch, they still recognize the knowledgeable customer service reps. To summarize, the yearly SDIRA fee may have some customers troubled. However, IRA Financial Group is a great option if you’re seeking customer service and transparency.
This pressure to switch could partly be due to the yearly fee for SDIRA accounts; which some customers find too expensive. This fee and the lack of advantages are what makes customers annoyed and possibly leads them to seek a transfer.
Uncertainty About What the Yearly Fee Provides
The IRA Financial Group boasts low transaction costs and a transparent fee structure. Yet, customers may be confused about what services are included in the annual fee, and which ones incur extra costs. This lack of clarity can be worrying for people who want to make sure they get their money’s worth.
To avoid this, potential customers should research thoroughly before signing up with IRA Financial Group or any other self-directed retirement account provider. This way, they can gain the accurate info on fees and services offered. Nevertheless, the company provides great customer service and investment resources.
Final Thought – IRA Financial Group Review
Managing finances needs a perfect group. The IRA Financial Group is the one. It provides self-directed IRA services for real estate, metals, cryptocurrency, and more. Also, it has exclusive plans for solo 401(k) and checkbook control.
Reliability and trustworthiness are in the DNA of this financial group. It has earned A+ rating and recognition from Forbes, BBB, and CNBC.
Some Facts About Pennsylvania Teachers Retirement:
✅ IRA Financial is a small firm founded by tax law specialists that manages over $4.9 billion in self-directed IRAs. (Source: Chamber of Commerce)
✅ They offer both conventional and unconventional investment options, including real estate, private business stock, P2P lending, and cryptocurrency. (Source: Chamber of Commerce)
✅ IRA Financial offers maximum flexibility via checkbook writing and has low fees, with no startup or storage fees, and annual custodian fees ranging from $180-$360, and transaction fees range from $35-$45. (Source: Chamber of Commerce)
✅ They provide excellent customer service online or over the phone, and offer investment guides, blogs, and podcasts for investors on their site. (Source: Chamber of Commerce)
✅ IRA Financial has assisted over 21,000 clients in investing $4.6 billion in alternative assets over the last twelve years, and has a BBB rating of A, with 4 complaints closed in the last 3 years. (Source: IRS Advisory, BBB)
FAQs
What Is Ira Financial Group, And How Was It Founded?
IRA Financial Group is a company specializing in Individual Retirement Accounts (IRAs) founded by tax law specialists, led by Adam Bergman in 2010. They manage over $4.9 billion in self-directed IRAs and offer professional advice on growing IRA assets. They offer both conventional and unconventional investment options, including real estate, precious metals, private business stock, P2P lending, and cryptocurrency. They also provide maximum flexibility via checkbook writing. IRA Financial Group is suitable for investors looking to work with a smaller firm that offers a range of alternative investments.
What Types Of Investment Options Does Ira Financial Group Offer?
IRA Financial Group offers a range of both conventional and unconventional investment options, including real estate, precious metals, private business stock, P2P lending, cryptocurrency, mortgages, and stock options. They provide maximum flexibility via checkbook writing and are suitable for investors looking to work with a smaller firm that offers a range of alternative investments.
What Fees Can I Expect When Working With Ira Financial Group?
IRA Financial Group has low fees, with no startup or storage fees and annual custodian fees ranging from $180-$360. Transaction fees range from $35-$45 and fluctuate based on asset class. However, some have reported ongoing yearly fees called a “compliance fee” of $199, which provides access to lawyers to address tax questions and ensure compliance with IRS rules for SDIRA.
What is a Self-directed Ira, and How Does Ira Financial Group Assist With It?
A Self-Directed IRA (SDIRA) is a type of retirement account that gives you more control over your investments and allows you to invest in alternative assets. IRA Financial Group provides advice, consultation, and assistance in setting up SDIRA accounts, choosing investment options, and maintaining them. They have assisted over 21,000 clients in investing $4.6 billion in alternative assets over the last twelve years.
What Are Some Customer Experiences With Ira Financial Group?
Customers have reported excellent experiences with IRA Financial Group’s services, including courteous and professional customer service, expertly crafted and detailed emails, and quick and easy account setup processes. For example, one caller who had no prior experience with IRA Financial Group’s services used them to open an IRA LLC and a Solo 401K and had an excellent and informative experience. However, some have also reported unexpected ongoing fees and limited investment options, specifically with the IRA Gemini account.
How Does Ira Financial Group Compare To Other Similar Companies In The Market?
IRA Financial Group offers access to a wide range of investment possibilities for their clients and provides maximum flexibility via checkbook writing. However, some have reported ongoing yearly fees and limited investment options compared to other companies in the market that offer free account maintenance and only a 1% trading fee. IRA Financial Group’s BBB rating is A, with 4 complaints closed in the last 3 years, and their Trustpilot rating is 4.1/5 based on 110 reviews.