The Self Directed IRA with Checkbook Control is an IRS and tax court approved structure that allows an investor to use his or her retirement funds to make real estate and other investments tax-free and without custodian consent.
With a Self Directed IRA Checkbook Control solution, the IRA holder will no longer be required to have each IRA investment approved by the custodian. Instead, as manager of the Self Directed IRA LLC, you will have the ability to make all IRA related investments on your own. In other words, making an investment is as simple as writing a check or wiring funds. In essence, to make an IRA investment, simply right a check and use the funds straight from your Self Directed IRA LLC bank account.
With a Self-Directed IRA with Checkbook Control, 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. With a Self Directed IRA with Checkbook Control, making an investment is as easy as writing a check. No longer will you have to get each investment approved by an IRA custodian. In addition, a Self-Directed IRA Checkbook Control structure will help you save a significant amount of money on custodian fees. With a Self Directed IRA with “checkbook control” you no longer have to pay excessive custodian fees based on account value and transaction fees. Instead, with a “checkbook control” Self-Directed IRA, an FDIC backed IRS approved passive custodian is used. In addition, with a Self-Directed IRA Checkbook Control structure, you, as manager of the LLC, will have direct access to your IRA funds allowing you to make an investment quickly and efficiently. Also, by using a Self-Directed IRA with Checkbook Control, your IRA will benefit from the limited liability protection afforded by using an LLC as well as asset and creditor protection.
IRA Financial Group will take care of setting up your entire Self-Directed IRA 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. Our IRA experts and tax and ERISA attorneys are on site greatly reducing the set-up time and cost. Most importantly, each client of the IRA Financial Group is assigned a tax attorney to help with the establishment of the Self-Directed IRA Checkbook Control structure.