A Self-Directed IRA LLC with “Checkbook Control” plan is an IRS and tax court approved structure that will allow you to use your IRA funds to make almost any type of investment, including real estate, tax liens, precious metals, foreign currency and much more tax free!
With a “checkbook control” Self Directed IRA LLC you will never have to seek the consent of a custodian to make an investment or be subject to excessive custodian account fees based on account value and per transaction.
To establish the Self-Directed IRA LLC “Checkbook Control” structure, a limited liability company (“LLC”) is established that is owned by the IRA and managed by the IRA account owner (you). The IRA owner’s funds are then transferred by the passive custodian to the new IRA LLC bank account. As the manager of the IRA LLC, the IRA owner will have the authority to make investment decisions on behalf of the IRA providing the IRA owner with “checkbook control” over his or her IRA funds.
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 with “checkbook control” allows you to eliminate the delays associated with an IRA custodian, enabling you to act quickly when the right investment opportunity presents itself.
A Self-Directed IRA LLC with “Checkbook Control” Offers Investment Alternatives
With a Self-Directed IRA LLC with “checkbook control,” you will have the ability to invest in almost any type of investment, including real estate, private business entities, tax liens, foreign currency, and commercial paper tax-free! Unlike a traditional IRA custodian, such as Vanguard or Fidelity, which only allows IRA investments into stock or mutual funds, a Self-Directed IRA LLC with “checkbook control” will allow you to make non-traditional types of investments with your IRA funds, such as real estate and precious metals. The almost unlimited investment opportunities presented by a Self-Directed IRA LLC will allow you to diversify and better protect your retirement portfolio.
Below is a partial list of allowable investments:
- Residential or commercial real estate
- Raw land
- Foreclosure property
- Mortgage pools
- Private loans
- Tax liens
- Private businesses
- Limited Liability Companies
- Limited Liability Partnerships
- Private placements
- stocks, bonds, mutual funds
- Most currencies
A Self-Directed IRA LLC Eliminates or Reduces Custodian Costs
With a Self-Directed IRA LLC with “Checkbook Control”, you, as manager of the IRA LLC, can act quickly on a great investment opportunity. 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.
Gaining “Checkbook Control” is Quick & Easy
The IRA Financial Group will take care of setting up your entire 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. Our in-house tax and ERISA professionals are on site greatly reducing the set-up time and cost. Most importantly, each client of the IRA Financial Group is assigned a retirement tax professional to help with the establishment of the Self-Directed IRA LLC “Checkbook Control structure. You will find that our fee for this service is significantly less than other companies that perform the same or similar services.
The Self-Directed IRA LLC “Checkbook Control” Process
STEP 1: A Self-Directed IRA account is established with an IRS approved and FDIC backed passive custodian.
STEP 2: Retirement funds are transferred to the new Self-Directed IRA account tax-free!
STEP 3: A Limited Liability Company (LLC) is formed with the IRA account owner designated as Manager and the IRA as owner (member) of the LLC.
STEP 4: At the direction of the IRA owner, the passive custodian invests the IRA funds into the newly formed IRA LLC. One or more IRAs can be used to fund the IRA, including Traditional, Roth, and SEP IRAs.
STEP 5: The Manager of the new IRA LLC (the IRA owner) directs all, or a portion, of the IRA funds held in the new LLC bank account for investment.
STEP 6: The LLC makes an investment using IRA funds and all income and gains generally flow back to the LLC tax-free!
Get Started with your “Checkbook Control” Self-Directed IRA LLC today!