By doing a quick search on the internet, one can discover a handful of self-directed IRA providers that offer services involving the establishment of a checkbook control IRA LLC. IRA Financial Group has reviewed the available self-directed IRA providers and has found that in the majority instances, most of the checkbook control providers are able to establish IRS compliant self-directed IRA LLC solutions. However, when selecting the best self-directed IRA LLC provider, one should be careful to look at the following factors.
Seek full “Checkbook Control”: With a Self-Directed IRA LLC, you have even more advantages, including what’s called “checkbook control” As manager of the Self-Directed IRA LLC you will have the ability to make IRA investments without seeking the consent of a custodian. Instead, all decisions are truly yours.
Gain Complete Access: With a Self-Directed IRA LLC, you will have direct access to your IRA funds allowing you to make an investment quickly and efficiently. There is no need to obtain approvals from your custodian or deal with time delays in awaiting approval from your custodian or pay any review fees.
Speed of Checkbook Control: With a Self-Directed IRA LLC, when you find an investment that you want to make with your IRA funds, simply write a check or wire the funds straight from your Self-Directed IRA LLC bank account to make the investment. The Self-Directed IRA LLC allows you to eliminate the delays associated with an IRA custodian, enabling you to act quickly when the right investment opportunity presents itself.
Seek Lower fees: Another advantage to a Self-Directed IRA LLC account is that you can save a lot of money on custodian fees. With the “checkbook control” Self-Directed IRA LLC structure, you will not be required to seek custodian investments when making IRA investments allowing you to eliminate custodian transaction fees and account valuation fees.
Work with tax professionals: You should demand to work directly with qualified tax professionals, such as a tax attorney and/or a CPA who can provide specific tax assistance and advice regarding the establishment and maintenance of the Self-Directed IRA LLC solution. For example, with IRA Financial Group, one will have direct and unlimited access to our in-house tax and ERISA professionals. In addition, each client of the IRA Financial Group is assigned a retirement tax professional to assist in establishing an IRS compliant Self-Directed IRA LLC.