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Self-Directed Checkbook IRA-LLC

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Self-Directed Checkbook IRA-LLC
Self-Directed Checkbook IRA LLC

A self-directed checkbook IRA LLC is an IRS and tax court approved structure. Furthermore, it provides you with complete signing authority over your retirement funds for the purpose of investing them without the intervention of the self-directed checkbook IRA control custodian. The self-directed checkbook IRA LLC is popular among real estate investors. It offers increased investment freedom, and allows you to manage assets providing greater freedom in meeting your retirement savings goals.

How it Works

In order to attain checkbook control, you are required to first establish an LLC that is owned by your IRA. Once established a business checking account is established in its name, and also a tax ID number, and a copy of the Articles of Incorporation. The business checking account is linked to the self-directed IRA funds, and you will receive a checkbook that is directly linked to …show more content…
All IRA investment decisions are yours. When investing, you simply write a check or wire the funds straight from your IRA bank account, allowing you to act quickly when investment opportunities are under a time constraint.

Possessing control over a checkbook IRA enables you to avoid administrative and transaction fees typically associated with a self-directed IRA, and avoids the requirement for custodian consent. When the LLC owns multiple investments, the administrator only charges for one asset, the LLC.

Advantages
The self-directed checkbook IRA LLC enables you to access safer IRA investment alternatives. For example, you can invest retirement funds in real estate, tax liens, franchises, precious metals, foreclosures and other alternative investments. In addition, you can rollover a 401K plan from a previous employer or when you retire. The self-directed checkbook IRA LLC places the control of investing in your
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