First Off, What is a Checkbook IRA?
A Checkbook IRA is another name for a Self-Directed IRA LLC with Checkbook Control. This is a retirement plan in which a business is created under the jurisdiction of your IRA, which gives you – the investor – total control of you retirement investing, giving you the ability to invest in areas outside of the traditional IRA and 401(k) platforms.
Checkbook Control gives your Self-Directed IRA or Solo 401(k) three major advantages which will help maximize the safety and growth of your retirement funds:
1. Investment Freedom
You don’t have to be stuck on Wall Street. With your Self-Directed IRA or Solo 401k using the tool of Checkbook Control, you will be able to invest in almost any asset. Real estate, private business, and precious metals are just some of the popular alternatives. With Checkbook Control, there are no authorization hassles, no prohibitive guidelines, and no bureaucratic interference. You choose the investments that make sense to you.
2. Real Time Investing
Another great feature of Checkbook Control is Real Time Investing. This means that you can place investments instantaneously just by writing a check or using a debit card. You don’t have to fill out any forms or wait for a custodian to process your order. Your IRA or Solo 401k purchases and sells assets through the power of the checkbook alone. This puts you in firm control of your retirement funds. You get to decide the exact timing for all of your investments.
3. The Economic Advantage
Feeling the pinch of exorbitant asset fees? Are you sick of being nickel-and-dimed to death every time you make a transaction? With Checkbook Control, your Self-Directed IRA or Solo 401k escapes the grind of constant intrusive fees. With one low annual fee, you receive unlimited control for your retirement funds. Direct your money the way you want without having to worry about administrative costs.
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