SELF-DIRECTED IRA "CHECKBOOK CONTROL"

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.

By having "checkbook control" over your IRA funds you will gain the following advantages:

"Control": You will no longer have to get each investment approved by the custodian of your account. Instead, as manager of the IRA LLC, all decisions are truly yours. To make an investment, simply right a check and use the funds straight from your Self Directed IRA LLC bank account.

For example, Beth has established a Self Directed IRA LLC. Beth's Traditional IRA care of the custodian is the sole member of the LLC and Beth will be appointed as manager of the LLC. Beth has opened her Self Directed IRA LLC bank account at a local bank. The name of Beth's Self-Directed IRA LLC is ABC LLC. Beth wishes to use her IRA funds to purchase a home from Jack, an unrelated third-party (non-disqualified person). Jack is anxious to close the transaction as soon as possible. With a "checkbook control" Self Directed IRA LLC, Beth, as manager of the LLC, can simply write a check using the funds from the ABC LLC bank account or can wire the funds directly from the account to Jack. Beth, as manager of the LLC, no longer needs to seek the consent of the custodian before making the real estate purchase. With a regular Self Directed IRA without "checkbook control", Beth would likely not be able to make the real estate purchase since seeking custodian approval would have likely taken too much time.

Investment Opportunities: With a Self-Directed IRA LLC, 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. 

Low Custodian Fees: A Self-Directed IRA LLC "Checkbook Control" structure will help you save a significant amount of money on custodian fees. With a Self Directed IRA LLC 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 LLC, an FDIC backed IRS approved passive custodian is used.

The custodian in the "checkbook control" Self Directed IRA LLC structure is referred to as a "passive" custodian largely because the custodian is not required to approve any IRA related investment and simply serves the role of satisfying IRS regulations. 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.

All the Passive Custodians we work with are FDIC backed and IRS approved. Once your custodian has transferred your retirement funds to the Passive Custodian, the Passive Custodian will immediately transfer your funds to your new IRA LLC where you as manager of the LLC will have "Checkbook Control" over those funds.

Investments Made Quickly: With a Self-Directed IRA LLC "Checkbook Control" structure, you will have the power to act quickly on a potential investment opportunity. When you find an investment that you want to make with your IRA funds, as manager of the LLC, 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 allows you to eliminate the delays associated with an IRA custodian, enabling you to act quickly when the right investment opportunity presents itself.

Tax-Free Gains: With the Self Directed IRA LLC "Checkbook Control" structure, all income and gains from IRA investments will generally flow back to your IRA LLC tax-free. Because an LLC is treated as a pass-through entity for federal income tax purposes and the IRA, as the member of the LLC, is a tax-exempt party pursuant to Internal Revenue Code Section 408, all income and gains of the LLC will flow-through to the IRA tax-free!

Direct Access: With a Self-Directed IRA LLC "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. There is no need to obtain approvals from your custodian, or deal with time delays in awaiting approval from your custodian or paying any review fees.

Limited Liability: By using a Self-Directed IRA LLC with "Checkbook Control", your IRA will benefit from the limited liability protection afforded by using an LLC. By using an LLC, all your IRA assets held outside the LLC will be shielded from attack. This is especially important in the case of IRA real estate investments where many state statutes impose an extended statute of limitation for claims arising from defects in the design or construction of improvements to real estate.

Asset & Creditor Protection: By using a Self-Directed IRA LLC with "Checkbook Control", the IRA holder's IRA will be protected for up to $1 million in the case of personal bankruptcy. In addition, most states will shield a Self Directed IRA from creditors attack against the IRA holder outside of bankruptcy. Therefore, by using a Self-Directed IRA LLC, the IRA will be generally protected against creditor attack against the IRA holder.

To learn more about the Self Directed IRA LLC structure, contact one of our IRA Professionals at 800-IRA-0646 today!