Unknown to most, not all self-directed IRA providers are the same, including the Vanguard self directed IRA. Accordingly, most self-directed IRA providers claim they are really offering self-directed IRA type accounts but in actuality what they are offering is the ability to self-direct only the investment products they offer. Whereas, in the case of IRA Financial Group’s true self-directed IRA LLC solution, you will be able to invest in almost any type of investment opportunity that you discover, including: Real Estate (rentals, foreclosures, raw land, tax liens etc.), Private Businesses, Precious Metals, Hard Money & Peer to Peer Lending as well as stock and mutual funds; you’re only limit is your imagination. The income and gains from these investments will flow back into your IRA tax-free. No longer will you be limited to make stock and mutual fund related investments. The IRS does not describe what a Self Directed IRA can invest in, only what it cannot invest in.
With a “truly” Self Directed IRA LLC with “checkbook control”, you will have total control over your IRA funds and you will no longer have to get each investment approved by the custodian. As a result all decisions are truly yours. 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. A “truly” Self Directed IRA allows you to eliminate the delays associated with an IRA custodian, enabling you to act quickly when the right investment opportunity presents itself.
With a Self-Directed IRA LLC, a limited liability company (“LLC”) is established that is owned by the IRA account and managed by the IRA account holder. The IRA Holder’s IRA funds are then transferred by the Custodian to the LLC’s bank account providing the IRA holder with “checkbook control” over his or her IRA funds.
With a Checkbook Control IRA, when you find an investment that you want to make with your IRA funds, including a self directed IRA real estate, simply write a check or wire the funds straight from your Self Directed IRA LLC bank account to make the investment.
Why establish a Vanguard Self-Directed IRA, when you can create a true self-directed IRA LLC with IRA Financial Group that will offer you checkbook control over your retirement funds. By using a Self Directed IRA LLC with “checkbook control” you can take advantage of all the benefits of self-directing your retirement assets without incurring excessive custodian fees and custodian created delays.