The Quirks of Opening a Checkbook IRA The equation is simple. Use a Self-Directed IRA to own a Single Member LLC, which has a checking account. That checking account now belongs to your Self-Directed IRA. Opening a “Checkbook IRA” arrangement is probably the most flexible way to carry out investments within an IRA—after all, all …

Imagine you spot an asset, like a piece of real estate, that looks perfect for your long-term retirement portfolio. There’s just one catch: if you don’t put in an offer soon, you won’t be able to capitalize on the opportunity. For many investors with traditional retirement accounts, this is a non-starter. However, with a self-directed …

If you’re reading up on Checkbook IRAs, you know they offer all sorts of great flexibility and control when you’re investing retirement assets. You can exercise your freedom on your terms, even writing checks from within the retirement account. But that leads to the next question: What do you do with your newfound freedom? Fortunately, …

American IRA sponsored this post. At the heart of a Checkbook IRA LLC is the concept of checkbook control. It might sound counterintuitive at first. How is an arrangement like holding an LLC within an IRA going to make your life simpler? But you’d be surprised. When you set it up the right way and …

Never invest in a business you cannot understand. —Warren Buffett If it’s a good enough adage for Warren Buffet, it may be a good enough adage for your approach to retirement investment. That’s why we here at TurnKey IRA believe that investors shouldn’t have to invest in things they don’t like or understand. With a …

Admit it: you’ve been afraid to set up a Checkbook IRA because you’re afraid of making a mistake. We don’t blame you. A lot of investors avoid the simple arrangement of a Checkbook IRA because they think it’s too complicated to handle. But if you know more about how an IRA administration firm can help, …

Not everyone thinks of an LLC as being for them. But when you use an LLC to establish a Checkbook IRA that makes it easier to invest your retirement assets? You might second-guess that assumption. With the help of an administration firm setting up your LLC, you’ll find it easy to create a Checkbook IRA …

A Checkbook IRA is a type of Self-Directed IRA that gives the account holder direct control over their retirement funds, allowing them to write checks for investments without needing custodian approval. Why use a Checkbook IRA? Because Checkbook IRAs put more freedom in your hands—all with the tax protections that come from a retirement account. …

Ask most people about Checkbook Control with a Self-Directed IRA and you might get blank stares. That’s because most people don’t even know it’s possible, let alone a legitimate financial maneuver they can take on with their retirement accounts. With this maneuver, you simply use an LLC within your IRA—an LLC that has its checking …

Maybe you’ve already decided that you know you want a Checkbook IRA. You already know the benefits: fast and flexible investing, minimal account maintenance and ongoing fees, and plenty of freedom for your IRA choices. But there’s still one thing you have to decide upon before you create a Checkbook IRA: what type of account …

You can do more with a Checkbook IRA than just make quick real estate investments. Yes, real estate is one alternative retirement asset class for which a Checkbook IRA makes a lot of sense. But when you explore the full power and potential of Checkbook IRAs, you’ll realize there’s a big universe of potential retirement …

A Checkbook IRA is more than just another way of retirement investing. It’s a different structure. Within a Checkbook IRA, you hold an LLC—the checkbook of which becomes the checkbook of the IRA itself, giving you the ability to write checks for retirement assets almost at will. And while there are rules about what qualifies …