If you’ve never heard of Self-Directed Checkbook Control IRAs, it’s easy to dismiss them as something only the wealthy can do. One of those paperwork maneuvers is only available to someone with an army of accountants. But you can invest within a Checkbook Control IRA with more freedom and flexibility than you imagined, getting all sorts of benefits like tax protection because it’s an IRA. So how do you begin this “Smarter” way to invest, and what advantages will you realize when you do?
Advantage #1: Complete Control Over Your Investments
One of the standout advantages of a Checkbook Control IRA: is the level of control it gives you over your investments. Let’s contrast this with a regular IRA. With the standard setup of an IRA, you’d have to go through a custodian for approval before making any investment decisions.
But with Checkbook Control, you bypass that middleman and make transactions directly. Want to invest in real estate? Precious metals? You can do it with a check. No more waiting for custodian approval or dealing with delays that can hurt your investment timing. With a Checkbook IRA, you can move quickly when the right opportunity arises, and the process is as simple as writing a check (or making a wire transfer, depending on your setup).
Advantage #2: Diverse Investment Options
Unlike conventional retirement accounts that limit your investment choices, Checkbook Control IRAs give you all sorts of investment options. With a traditional IRA, you’re typically restricted to stocks, bonds, and mutual funds. But with Checkbook Control, you can invest in anything legal for an IRA. This includes real estate, private equity, peer-to-peer lending, and even tax liens.
Feel free to tailor your portfolio according to your tastes and skills as an investor. Instead of relying on the volatility of the stock market, you can take a more diversified approach that includes alternative investments you control. Whether you’re eyeing real estate or looking for a unique opportunity in a niche market, the possibilities are wholly up to you as long as you invest in valid retirement assets.
Advantage #3: Tax Benefits and Flexibility
Just like other types of IRAs, Self-Directed Checkbook Control IRAs allow you to enjoy tax benefits that come with IRAs. That may mean tax-deferred growth in a traditional IRA or the tax-free withdrawals of a Roth IRA. But the key benefit here? You can invest in non-traditional assets while still reaping those tax advantages. Whether it’s flipping houses, purchasing rental properties, or investing in a private business, you can do it all. And you can do it all while deferring taxes or earning tax-free profits, depending on your IRA type.
Checkbook IRAs also give you the freedom to structure your investments in ways that might be difficult with other retirement accounts. You can fund your deals directly. Because you’re in charge of the investment process, you can manage your tax strategies effectively, increasing your long-term returns.
Advantage #4: Reduced Fees
With traditional IRAs, the costs of working with custodians and other middlemen can add up. These fees (such as account maintenance, transaction, and management fees) can eat away at your returns over time. Self-Directed Checkbook Control IRAs eliminate most of those fees, as you’re acting as your custodian. Since you handle the investments directly, there’s no need for expensive management fees, giving you more of your money to grow. Instead of paying someone else to make investment decisions or approve your transactions, you keep those fees in your pocket, further boosting the value of your investment.
Contact TurnKey IRA at 844-8876-IRA (472) for a free consultation. Download our free guide or visit us online at www.turnkeyira.com.
