IRA Financial Group Reviews: What You Should Know

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Last Updated: February 24, 2024

Although there are many ways to prepare for retirement, self-directed IRAs are one of the most accessible and most beneficial. You can save for retirement with a self-directed IRA and take advantage of tax-free dividends, depending on your type of IRA.

Can you trust IRA Financial Group with your retirement funds or set up a self-directed IRA LLC?

Before we go any further in this review, you need to know how we research and decide on the companies we analyze.

At Barcode of Life, we understand the importance of your financial decisions and the trust you have in our information. We conduct in-depth research on every company we review, including their reputation, product offerings, and history. Our goal is to provide you with reliable, comprehensive information so you can make confident choices.

We hold a skeptical view of banks, the monetary system, and politicians, recognizing that these entities often cater more to the wealthy than everyday investors. Therefore, we strongly advocate for individuals to have greater control over their own finances, firmly believing that they should have the power to make decisions about their money, reducing dependence on institutions and politicians.

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Check out our best gold IRA companies list for 2024.

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Information on Our Reviews

We fully recognize the significance of your financial decisions and the trust you place in the information we provide. To ensure you receive the most accurate and detailed insights, we've conducted extensive research on each business we review. This includes a thorough examination of their reviews, reputation, product offerings, and history, as well as a careful comparison with similar products in the market. Rest assured, our dedicated efforts are aimed at guiding you with reliable and comprehensive information so you can make informed choices with confidence.

Key Takeaways

What Should You Know About IRA Financial Group?

IRA Financial Group is a renowned self-directed IRA LLC and 401k intermediary specializing in helping retirement account holders invest their funds in alternative investments, including recently built projects and the ROBS solution.

Adam Bergman is the founder and owner of IRA Financial Group and a former ERISA attorney. The business was established in 2009 and helps its customers invest in real estate, new businesses, precious metals, peer-to-peer lending, mutual funds, stocks, foreign currencies, and more.

They work with the leading custodians and work closely with them to help you invest in your retirement account wisely and predominantly tax-free.

This business also seeks to educate retirement account holders on the advantages of investing in self-directed IRAs. They offer a unique option called ROBS solution.

The goal is to help people learn how to invest in almost any type of tax-free investment, including peer-to-peer lending options. This Miami Beach business can help you with your existing retirement account or help you set up a new retirement account so you are prepared for your retirement years.

Plan Highlights

IRA Financial Group offers four main business plan asset class options that allow investors to invest their retirement accounts into various investments, including conventional investment opportunities.

They give you retirement plan options whether you want to invest in a traditional self-directed IRA or ROTH. They help you invest money wisely.

Self-Directed IRA

Self-Directed IRA LLC

Solo 401k

IRAfi Crypto

What Do Customers Say?

Is IRA Financial Group reliable? We advise you to read each IRA Financial Group review to learn more about the business.

It is important to weigh the good and the bad to determine if you can entrust your retirement funds to IRA Financial Group. When you start with conventional investments, you do not want to worry about tax liens and other retirement plan issues.

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better Business Bureau

Is IRA Financial Group reliable? We advise you to read each IRA Financial Group review to learn more about the business.

It is important to weigh the good and the bad to determine if you can entrust your retirement funds to IRA Financial Group. When you start with conventional investments, you do not want to worry about tax liens and other retirement plan issues.

Complaints

One customer stated the business did not take care of their requests promptly. She kept attempting to close her account but could not get a response.

She claims her account ended up going to collections. It seems IRA Financial Group finally responded when she complained to the BBB.

Another customer stated that IRA Financial Group was hacked, and many clients had their accounts wiped out to the tune of $35 million in cryptocurrency.

The client has yet to receive their self-directed funds. Adam Bergman responded by saying there was a breach, and the company is working closely with law enforcement.

Another customer had problems with IRA Financial Group charging them fees for an optional service they never requested. The customer kept receiving phone calls and harassing emails and was asked to take down their negative BBB rating and complaint.

There are many one-star reviews on the Better Business Bureau. Some of the common complaints include:

  1. Incompetence
  2. Harassment
  3. Lack of insurance and security
  4. Non-responsive
  5. Unwanted fees

Trustpilot

We checked the Trustpilot website next to see how Adam Bergman (Former ERISA attorney) and IRA Financial Group fare. The company has 4.6 stars out of 5, with 177 customer reviews. The following are some of the complaints.

  1. Setup nightmares
  2. It is impossible to reach anyone
  3. Incompetent staff
  4. Slow responses
  5. Cannot get answers to questions
  6. Inaccuracies
  7. Constantly new and unexpected fees
  8. Rude customer service members
  9. Ongoing charges after canceling the account

Google My Business

We also checked out GMB to learn what customers say about IRA Financial Group and its investment options. The company has a pretty good rating of 4.6 stars out of 5, with 220 reviews. There are many positive reviews with some of the following common themes.

  1. Helped me to avoid paying taxes
  2. Efficient
  3. Excellent communication
  4. Reasonable fee structure
  5. Extremely helpful app
  6. Professional
  7. Responsive
  8. Knowledgeable
  9. Traditional investments and alternative asset investments
  10. Help in understanding contribution limits
  11. Proven track record
  12. Prompt responses when making investments

pros & Cons

Before investing with any company's help, you must weigh the good and the bad. Reading customer reviews is helpful, and breaking down the pros and cons is important. Doing so helps you compare the good and the bad and see which outweighs the other.

Pros

Cons

As you can see, there are slightly more cons than pros. Although IRA Financial Group tries to help its customers, many seem unhappy.

Retirement account holders must be vigilant in protecting their funds. With the internal hack that occurred, many people no longer trust IRA Financial Group.

In its defense, the company did sue its crypto partner, Gemini. The case is still active. We will update this information when it becomes available.

Is IRA Financial Group a Scam?

IRA Financial Group is not a scam, but some significant concerns exist. The company lost $36 million in cryptocurrency belonging to its customers. There have also been increasing customer complaints revolving around customer service issues.

How to Get Started with IRA Financial Group

Getting started with IRA Financial Group is supposed to be easy and fast. Still, customers have recently complained about slow onboarding and many issues signing up with an account.

Open an Account

You will have access to the educational resources before you ever join. You must download the IRA Financial app and set up an account, whether you want to invest your retirement funds in alternative assets, mutual funds, or precious metals.

The entire process should only take a couple of minutes if everything goes as expected. Once you open an account and send your retirement funds, you can seek investment opportunities, including mutual funds.

Transfer Funds

You can make a direct contribution or rollover from an existing self-directed IRA. The company will work with your custodian to ensure the self-directed IRA funds arrive quickly. If there are delays in funding your retirement account, they are usually not IRA Financial Group's fault.

Start Investing in Precious Metals

After funding your account with an IRA transfer, you can begin investing in precious metals with your self-directed IRA or other retirement accounts. The company is beneficial in guiding customers with its educational materials.

Our Opinion on IRA Financial Group

IRA Financial Group may be a decent company to help you with your self-directed IRA, but there have been too many customer complaints for us to recommend them to our readers. Putting your self-directed IRAs in the hands of the wrong company can spell disaster.

You need to work with a financial institution that will protect your individual retirement accounts, and IRA Financial Group may not be that company. Given their massive security breach, we advise you to research carefully before getting involved with investor trades with IRA Financial Group.

Recognizing that banks often serve the interests of the wealthy rather than everyday investors, we approach banks, the monetary system, and politicians with skepticism. We strongly believe that individuals should have greater power over their finances, empowering them to make decisions about their money independently and reducing reliance on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until March 7, 2024. If you are even thinking about investing in gold, you need to request this kit.   

See How Smart Americans are Protecting Their Savings & Retirement

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