The Self-Directed IRA LLC
“Self-Directed IRA” is not a term of art, and you will not find it anywhere in the Internal Revenue Code (IRC). It simply refers to an IRA account which is permitted to be invested in traditional assets, such as stocks, but also alternative assets, such as real estate, gold, precious metals, cryptocurrencies, and more. One major advantage of investing in alternative assets with a Self-Directed IRA is that all income and gains are tax-deferred until the time when the IRA holder (you) takes a distribution.
What is a Self-Directed IRA LLC?
The Self-Directed IRA LLC with “checkbook control” has become the most popular vehicle for investors looking to make investments that require a high frequency of transactions (think rental real estate). Under the “Checkbook IRA” format, a limited liability company (LLC) is created which is then funded and owned by the IRA and managed by the IRA holder.
The “checkbook control” Self-Directed IRA allows one to eliminate costs and delays often associated with using a full-service IRA custodian. This option allows the investor to act quickly when the right investment opportunity presents itself cost effectively and without delay.
Setting up a Checkbook IRA with IRA Financial
1. Transfer your funds to a passive custodian tax free
Your retirement funds are transferred from your custodian to a passive custodian like IRA Financial.
How it Works
2. Establish an LLC and transfer your funds into its new bank account
You can serve as a manager of your established LLC. IRA Financial opens your bank account hassle free at Capital One, then transfers your retirement fund into that new account.
3. Get checkbook control and start investing in alternative assets
As a manager, you have checkbook control and can direct the LLC to invest in real estate, tax liens, private business, metals, cryptocurrencies and more.
Benefits of a Self-Directed IRA LLC
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Is the Self-Directed IRA LLC Right for Me?
In general, if you are looking for limited liability protection, ultimate control, and/or privacy, the Self-Directed IRA LLC would be a smart choice!