On this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, will discuss how you can use your IRA funds to invest in a business startup. He will discuss the rules you need to be aware of, why you need to self-direct your plan, and tips on how to get started.

Join us LIVE on Wednesday, May 18th at 12PM EDT!
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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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Starting a new business often requires a significant amount of initial capital to get things up and running. While many entrepreneurs turn to traditional funding sources such as loans or investors, another option that is gaining popularity is using a self-directed IRA to fund a startup.

A self-directed individual retirement account (IRA) is a retirement account that gives you more control over your investments compared to a traditional IRA. With a self-directed IRA, you can invest in a wide range of assets beyond the usual stocks, bonds, and mutual funds, including real estate, precious metals, and even private companies.

One of the advantages of using a self-directed IRA to fund a startup is that it allows you to invest in your business without incurring the usual early withdrawal penalties and taxes that come with taking money out of a traditional IRA before retirement age. This can make it a more cost-effective option for funding your startup compared to other sources of capital.

To fund a startup with a self-directed IRA, you will need to set up a self-directed IRA account with a trust company or custodian that specializes in these types of accounts. You will then transfer funds from your existing traditional IRA or another retirement account into the self-directed IRA to invest in your startup.

It is important to note that there are specific rules and regulations that govern investing with a self-directed IRA, so it is crucial to work with a qualified professional who can help you navigate the process and ensure that you are in compliance with IRS guidelines.

Another consideration when using a self-directed IRA to fund a startup is the potential risks involved. Investing in a startup is inherently risky, and there is no guarantee that your business will be successful. If your startup does not perform well, you could potentially lose a significant portion of your retirement savings.

Despite the risks, funding a startup with a self-directed IRA can be a viable option for entrepreneurs who are looking for alternative ways to raise capital. By using your retirement savings to invest in your business, you can avoid taking on debt or giving up equity in your company to outside investors.

In conclusion, funding a startup with a self-directed IRA can be a creative and potentially cost-effective way to raise capital for your business. However, it is essential to carefully consider the risks and consult with a professional advisor before making any investment decisions. With the right guidance and a solid business plan, using a self-directed IRA to fund a startup could be a smart move for entrepreneurs looking to take their business to the next level.