A Checkbook-Controlled IRA, often referred to as an IRA LLC or Checkbook IRA/LLC, is an IRA strategy that offers enhanced control and flexibility over your retirement investments.
In a checkbook IRA/LLC, your IRA establishes and owns a Limited Liability Company (LLC). Funds from your IRA are invested into the LLC, and your IRA is the 100% owner of the LLC. You, the SDIRA owner may be the manager of the LLC, and you gain “checkbook control,” meaning you can make investments directly from a business checking account set up for the LLC without needing custodian approval for each transaction.
Common uses for a Checkbook IRA LLC include purchasing real estate, such as rental properties or properties to flip for a profit. It is also well-suited for private lending, where you can issue secured or unsecured loans to third parties. Additionally, you can invest in private companies, startups, or alternative assets like cryptocurrency and tax liens. This strategy provides a streamlined way to diversify your IRA portfolio while achieving control of the transactions over the investment’s assets.
Once you’ve determined that setting up an IRA/LLC aligns with your retirement strategy, setting up an account is a straightforward process.
Directed IRA provides the custody and administration necessary for IRA LLC’s.
If you’re ready to begin, you can set up an account online or schedule a call with one of our Self-Directed IRA Specialists to discuss your account options.
Our entire Directed IRA team is friendly, knowledgeable, and genuinely excited to help you. Reach out to any of our specialists today and take the first step toward self-directing your IRA or Solo 401(k)!
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Mat Sorensen, Attorney, CEO, and Founder of Directed IRA, wrote the #1 book on self-directed IRAs – selling over 50,000 copies nationwide. The Self Directed IRA Handbook is a comprehensive guide written for both investors and advisors alike. Download your free copy today!