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IRA Financial Group Review: Get All the Details

As you approach gold investment opportunities, there are many decisions to make. Once you have opened a self-directed IRA, you must find a financial group to guide you in purchasing precious metals to diversify your investment portfolio.

IRA Financial Group offers its clients multiple investment opportunities, allowing them to branch outside the average market-driven stocks and bonds.

What makes IRA Financial Group different from the rest, and can you trust them with your hard-earned money?

In this IRA Financial Group review, we promise to give you all the facts we have uncovered in our research. Is IRA Financial Group reliable? Keep reading until the end to gain information and receive our final recommendation.

At The Gold Information Network, we understand the importance of your financial choices and the trust you place in our insights. We conduct in-depth research on each company we review, evaluating its reviews, reputation, product offerings, fees, and history while meticulously comparing it with similar market products.

In a financial landscape where banks appear geared towards serving the wealthy, we hold reservations about these institutions, the monetary system, and politicians. We passionately advocate empowering individuals like you with greater control over their finances. We firmly believe that you should have the authority to shape your financial future independently, reducing your dependence on institutions and politicians.

The Gold Information Networks' Quick Summary & Opinion

We reviewed IRA Financial Group, a self-directed IRA provider that allows investing in alternative assets like real estate and precious metals

  • They offer an easy account setup process online or by phone, with knowledgeable representatives to assist
  • Fees are transparent and reasonable, with a one-time setup fee and flat annual fee based on account value
  • Their online platform and mobile app provide convenient access to manage investments and track performance
  • We appreciate their emphasis on investor education with informative guides and webinars
  • Customer service is responsive and helpful based on our experience
  • One drawback is limited support for certain alternative investments like cryptocurrency
  • Overall, we recommend IRA Financial Group for those seeking more control and flexibility with retirement investments, especially real estate and precious metals, but suggest comparing providers for specific alternative asset needs
  • In our opinion, they are a reputable and cost-effective option for self-directed IRAs, with good service and educational resources.

What Kind of Company is IRA Financial Group?

IRA Financial Group is an innovative firm that opened in 2010 and is led by Adam Bergman.

IFG offers investment options not available with many other firms, including real estate.

Although the company has a good rating with the BBB and Trustpilot, there have been customer complaints and security scandals.

IFG is a decent company, especially if you want to invest in more than precious metals with your self-directed IRA, but they are not the best, and we cannot recommend them to our readers.

Information on the Leadership Team

Adam Bergman is the founder of IRA Financial Group. We researched carefully and could not find further information about the leadership team for IFG. We will update this review when we learn more about this financial institution and its key operators.

Pros & Cons

Pros

Cons

IRA Financial Group Reviews

Here, we get to the heart of what kind of impression the company leaves on its current and past customers. Does the company have a proven track record, or does its BBB rating indicate a problem?

We checked the Better Business Bureau profile page for IRA Financial Group and discovered they currently have an A rating. Their star rating is only two out of five, and five customer complaints have been resolved in the last three years and two in the previous twelve months.

Reading customer complaints revealed the company put customers' sensitive data in jeopardy. After a cyberattack, customers lost $36 million in assets. To recoup customer losses, IFG has sued its trading partner, Gemini. A settlement was reached, and we will continue researching the matter for further details.

Topics of customer complaints include the following:

  1. Mismanagement of personal information
  2. Refusal to close accounts
  3. Slow refund process
  4. Lack of company response
  5. Unfair billing tactics
  6. Harassment

We also found a business profile on Trustpilot. Here, the company has an excellent rating with 4.3 stars out of five. The profile page currently has 202 customer reviews. Around 73% of customer reviews are five stars, but some negative reviews are posted.

  1. Long delays in setting up accounts
  2. Poor customer service
  3. Slow onboarding experience
  4. Unfairly holding funds
  5. Unexplained fees
  6. Unanswered questions
  7. Inaccurate advice and information

In the company's defense, they respond to most customer complaints and work to resolve customer issues. Some negative reviews remain unanswered. We are concerned about these reviewers and their experiences making investments with IFG.

It appears the company needs to overhaul its customer service approach to benefit its customers considerably and help them make wise investment decisions.

Is IRA Financial Group a Reputable Company?

IRA Financial Group is a reputable company that has been in business for over ten years and has a brick-and-mortar location. The company has a good rating with the Better Business Bureau and is accredited, giving us further confidence this firm is not a scam.

We have concerns about the level of customer service and hidden fees. Choosing a firm that can offer professional advice on your existing retirement account and alternative investments would be best. IFG may not be the best help for your self-directed IRA.

Customer Service

As we have already discovered by reading customer reviews, IRA Financial Group has a problem with its customer service approach. Customers have reported problems getting return phone calls and emails. They also talk about increased fees and issues with their custodian-controlled IRA accounts.

If you own an IRA account, you must feel confident in the entire process. You should never have to feel like you are chasing down a company. Prompt replies to your phone calls and emails are essential!

What Services Does IRA Financial Group Offer?

IRA Financial Group offers several services to its customers and is constantly working on newly developed projects. With so many investment options, you can consider conventional investments and alternative assets. We outline some of the services offered by IFG below.

Self-Directed IRA LLC Services

IRA Financial Group prides itself on offering extensive self-directed IRA services. They help customers with everything from the IRA transfer to opening a gold IRA.

They work with other retirement accounts and can help you with traditional investments and various asset class options so you can invest wisely.

Investing in precious metals offers tax-free dividends. IFG offers a unique approach to investing in your retirement plan. They set up a self-directed IRA LLC for you for “checkbook control.”

Essentially, you become the manager of the IRA account. This type of investment allows you to take advantage of established tax structures and retain the freedom to invest in your retirement plan as you see fit.

This type of checkbook control system means fewer fees and hassles and greater rewards. IFG will take over your checkbook writing and control everything if you prefer.

IRA Rollovers

If you have an existing retirement account, you can roll over to a gold IRA with help from IFG. You do not have to come up with a down payment because these custodial services roll over your funds to give you greater options.

Remember that the rollover process takes a few weeks, but once completed, you can begin investing in alternative assets like precious metals. IFG is especially helpful in assisting self-employed individuals with their investments.

Roll Over as Business Startup

Another unique offering from IFG is the Rollover as Business Startup. ROBS offers an excellent opportunity to help you create a corporation. The corporation becomes your own business. You can set up your IRA to compensate your corporation, helping you take advantage of tax-free dividends with each transaction.

401ks

IRA Financial Group also helps customers with their 401ks. The IRS allows you to invest in many assets with your 401k. You can invest in anything approved by the Internal Revenue Code, including real estate, like mobile homes. They can also help you roll over from an existing 401k into a precious metals IRA.

Real Estate

Many do not realize they can invest in real estate with self-directed individual retirement accounts. You can invest in mobile homes, land parcels, and recently built projects.

IRA Financial Group will help you invest your retirement funds wisely through a self-directed IRA. IRA Financial Group makes investing in real estate and other alternative assets easier. The company also offers IRS audit protection.

Cryptocurrency

You can also invest in cryptocurrency with self-directed IRAs. IFG is one of the few firms that offers cryptocurrency investment options.

You can invest in cryptocurrencies long-term without any trading. Downloading the IRA Financial app lets you control your traditional self-directed IRA so that you can invest on the go with your self-directed IRA.

Consultations

You can also invest in cryptocurrency with self-directed IRAs. IFG is one of the few firms that offers cryptocurrency investment options.

You can invest in cryptocurrencies long-term without any trading. Downloading the IRA Financial app lets you control your traditional self-directed IRA so that you can invest on the go with your self-directed IRA.

Educational Resources

IFG shines in the education department. You can access the company's YouTube channel from the website or app, where you will find countless videos on topics including mutual funds, self-directed IRAs, alternative assets, and retirement funds.

You will also see videos on purchasing private business stock. IFG wants to help you understand every aspect of investor trades and contribution limits to save money on your taxes. The company's investment guides are helpful for beginners.

Does IRA Financial Group Offer a Buyback Guarantee?

Some gold companies offer buyback guarantees, but because IFG is not a gold dealer, they do not offer a buyback guarantee. The goal of the company is to help its clients stay IRS-compliant. Adam Bergman and his team are ERISA professionals and can help you learn to profit from someone else's small business.

Rate & Fee Structure

IFG is one of the few investment firms with a truly transparent fee structure. Their current fees are listed below but are subject to change. Check with IFG before pursuing them for help with your retirement account.

  • Self-directed IRAs are $400 a year, with the company handling every aspect of your self-directed IRA
  • Self-directed IRA LLC with you remaining in complete control requires a $999 setup fee and $400 per year
  • Self-employed Solo 401ks require a $699 setup fee and $399 a year
  • IRAfi Crypto costs $100 a year (These alternative investments are becoming widely popular.)

How to Get Started with IRA Financial Group

There are many alternatives to IFG. We invite you to check out our extensive library of reviews and comparisons to help you choose the right wealth protection firm for your investment needs.

  1. You will need to create an account and verify your information through email. You can select your plan type through the app.
  2. You will need to fund your account. IFG will walk you through opening a new IRA or rolling over from your existing retirement account.
  3. Finally, you can start investing in IRS-approved investment options. IFG will guide your investment decisions, even if you are self-employed or want to invest in alternative assets like promissory notes.

Are There Alternatives to IRA Financial Group?

There are many alternatives to IFG. We invite you to check out our extensive library of reviews and comparisons to help you choose the right wealth protection firm for your investment needs.

FAQ About IRA Financial Group

The IRA Financial Group is a legit company operating since 2010. IRA Financial offers investment opportunities other firms do not.

Adam Bergman owns and maintains leadership of IRA Financial Group and its day-to-day operations. The company operates as a check-writing custodian, meaning they take control of your account. They can also guide you in seeking private loans.

Self-directed IRA accounts allow you to invest in IRA-approved investments. Your ROTH account will enable you to pay taxes before contributing, so the account grows tax-free, a huge benefit.
A traditional self-directed IRA saves you money on your tax bill because you do not pay taxes until you withdraw from the account, even if you are self-employed.

Our Final Verdict: Do We Recommend IRA Financial Group to Our Readers?

IRA Financial Group is a decent company with pretty good reviews. Still, we cannot recommend them because of the significant cyber attack that caused millions of dollars in customer assets to be lost and the multiple customer complaints lodged against the firm.

Although IFG offers unique investment guidance, you cannot find with every firm, their lack of security and problematic customer service concern us. We invite you to compare them to the industry's top-tier firms to determine your needs. Proceed with caution if you work with IFG.

We recognize the significance of your financial decisions and the trust you place in us. We've done extensive research, examining reviews, reputation, products, fees, and history, ensuring you receive accurate insights.