Setting Up a Self-Directed IRA is Easy with IRA Financial
Our tax and ERISA specialists make it easy to set up a Self-Directed IRA account. We offer quality services at a low fee. With your Self-Directed IRA, you receive:
- Self-Directed IRA with Checkbook Control
- Established Account with IRS Approved Custodian
- Special Purpose Operating Agreement
- Assistance in Establishing Your Business Bank Account
Why Choose IRA Financial
We provide the following all for one low price:
- Setup your LLC in the State of your choice
- Prepare and file the Articles of Organization with the State
- Generate a special purpose, IRA Custodian approved Self-Directed Roth IRA LLC Operating Agreement
- Generate a special purpose, IRA Custodian approved Subscription Agreement, as required by the Custodian
- Obtain the EIN from the IRS
- Co-ordinate setup with the Custodian of your Choice
- Free tax and IRA support regarding the Self-Directed Roth IRA LLC Structure
- Expedited Service Guarantee!
- Satisfaction Guaranteed!
Steps for Setting Up Your Self-Directed IRA
Set up a Self-Directed IRA LLC
The IRA Financial Group will take care of the entire setup of your Self-Directed IRA LLC “Checkbook Control” structure. The whole process can be handled by phone, email, fax, or mail and typically takes between 7-21 days to complete, the timing largely depending on the state of formation and the custodian holding your retirement funds.
Transfer of Retirement Funds Tax-Free
Our IRA Experts will assist you in transferring your retirement funds tax-free from your current custodian to a new FDIC backed/IRS approved Passive Custodian that allows for truly Self-Directed IRA investments, such as real estate, tax liens, precious metals, and much, much more.
Open IRA LLC Bank Account
Open a local bank account for the LLC at any bank of your choice. You can open a bank account for your Self-Directed IRA LLC at any bank or credit union.
Tax-Free Transfer of Funds to LLC Bank Account
Direct the passive custodian to transfer the IRA funds to your new Self-Directed IRA LLC bank account. The IRA LLC checking account can be opened at any bank or credit union.
As the Manager of the Self-Directed IRA LLC, you will have the freedom to make all investment decisions for your Self-Directed IRA LLC. In other words, you will have “checkbook control” over your IRA funds allowing you to make an IRA investment by simply writing a check or wiring funds directly from the IRA LLC bank account.
Since your IRA will become the owner(s) (member(s)) of the newly formed IRA LLC, all income and gains generated by an IRA LLC investment will generally flow back to your IRA tax-free. With a Self-Directed IRA LLC, all income and gains associated with the Roth IRA investment grow tax-free and will not be subject to tax upon withdrawal or distribution. This is because unlike traditional IRAs, you are generally not subject to any tax upon taking IRA distributions once you reach the age of 59 1/2.
“What about your IRA, including rollover IRA? You need to look at state law, advises tax attorney Adam Bergman of New York’s IRA Financial Group.”
“Adam Bergman…gets several calls a day from clients like McDermott looking to invest their retirement funds in real estate. ‘Our average client has retirement accounts of about $150,000 and is looking to buy one or two properties.'”
“Jeff Brown…transferred roughly $50,000 from his workplace 401(k) to purchase homes to fix up and sell…He uses a self-directed IRA that he set up through IRA Financial Group in Miami Beach.”