New Retirement Plan App is First to Offer Digital Platform for Solo 401(k) Clients

NEW YORK, Oct. 18, 2019 /PRNewswire-PRWeb/ -- Self-directed retirement provider, IRA Financial, is the first company to provide its clients the ability to establish and customize their Solo 401(k) plan directly on a mobile device or desktop.

Through the company's partnership with Capital One Bank, the latest version of IRA Financial's app will enable app users to establish their own Solo 401(k) plan bank account, and fund the account to make alternative asset investments, such as real estate, in a quick and efficient manner. Users will now be able to make investments as easily as writing a check or sending a wire transfer.

Version 2.2 of the app includes a complete overhaul of the Self-directed Solo 401(k) application. The enhanced module allows users to customize their plan based on retirement and investment goals. Other features include the ability to make contributions and rollovers to fund the plan 100 percent digitally and in a single session.

"The new app features are designed to simplify how Solo 401(k) clients save for retirement," said Adam Bergman, founder of IRA Financial.

IRA Financial was established in 2010 by Bergman, a former tax attorney. It is now the fastest growing provider of self-directed retirement plans in the country. IRA Finacial has helped over 6,500 small busines owners take control of their retirement future by offering a customized retirement plan to make almost any type of investment tax-free and without the consent of a custodian.

The Solo 401(k), also known as the one-participant plan or self-directed 401(k), is an IRS approved qualified retirement plan that was specifically designed for self-employed individuals and business owners with no full-time employees. Ideal for sole proprietors and independent contracotrs, such as consultants, the Solo 401(k) plan offers the same advantages as a Self-Directed IRA, while eliminating the need to hire a special custodian or create an LLC.

The Solo 401(k) retirement plan can be adopted by any business type, including sole proprietorships, Corporations, LLC's and partnerships. The IRS approved Solo 401(k) provided by IRA Financial Group grants eligible participants the role of trustee, enabling them to make investment decisions without the need for custodian consent.

For more information on the Solo 401(k) qualified retirement plan and IRA Financial, visit their website, irafinancialgroup.com.

SOURCE IRA Financial