Checkbook IRA Reviews: Vince
Our Checkbook IRA reviews highlight the growing popularity of this investment vehicle. The Checkbook IRA from Sense Financial Services gives “checkbook control” over an IRA, in a way that is both cost-effective and time-efficient.
The process to establish a Checkbook IRA includes:
- Establishing a special-purpose Limited Liability Company (LLC) with you as the manager
- Opening a custodial IRA and an LLC checking account
- Funding the custodial IRA
- Directing the custodian to fund the LLC with the custodial IRA
This results in a legal structure that allows you to invest through the LLC. You as manager of the LLC can then direct transactions at the LLC level without involving the custodian. Benefits include eliminating wasted time and transaction-based fees from the custodian.
Checkbook IRA reviews
Vince R. of San Diego recently contacted us. His retirement account was losing money in the stock market, and he wanted to direct his funds toward non-traditional investments. We established a Checkbook IRA which gave him the ability to invest his retirement account in real estate. After purchasing single-family rental home in Atlanta, Vince is now enjoying a cash flow of about $550 per month into his IRA. He can see his retirement growing every month.
Sense Financial is the leading provider of retirement accounts with “Checkbook Control”, including the Solo 401k and Checkbook IRA. Over the years, we have assisted hundreds of clients achieve checkbook control over their retirement accounts. Clients can then invest in virtually any investment class, including real estate, private lending, mortgage notes and much more, without the need for custodian approval!