The Checkbook IRA: What are its advantages?
The Checkbook IRA (also known as a self-directed IRA LLC) from Sense Financial Services offers powerful advantages to its participants. It’s the perfect solution for investors who wish to diversify their retirement savings. The Checkbook IRAs advantages include:
The self-directed Checkbook IRA gives control of the account to you, the manager of the account. As the manager, you can direct funds as you see fit, without needing custodial consent. This completely eliminates custodial fees and delays. Investments can be made by simply writing a check or wiring funds from the account.
Unlimited Investment Capability
Self-directed Checkbook IRA funds can be invested in almost every investment class, including real estate, precious metals, tax liens and tax deeds, and private businesses. This virtually unlimited investment capability allows the account to be truly diversified, ensuring greater opportunity for growth and protection of retirement savings.
The structure of the Checkbook IRA allows you to access and direct account funds quickly. Because custodian consent is not required for transactions involving the account, investment decisions can be acted upon quickly. This allows fast response time to opportunities which may be time-sensitive.
Because the Checkbook IRA does not require custodian consent, the cost to administrate the account is significantly lower. Various custodian fees such as transaction and account valuation fees are eliminated.
The Checkbook IRA has all the tax advantages of a traditional IRA plus more.
The structure of the Checkbook IRA allows for tax-deferral benefits. Because the LLC is a pass-through entity, taxes are calculated at the owner level instead of the entity level. However, the owner of the LLC is the IRA account, which is an entity qualified for tax deferrals. This structure allows all gains, profits, and income generated by investments go back to the IRA on a tax-deferred basis. With a Checkbook IRA, taxes are paid only when distributions are taken, allowing investments to grow tax-free and without interruption.
Alternate investment options you get with a Self Directed Solo 401k:
Stock & Funds
Financial Concepts that Make Sense!
Greater Flexibility. Investment Freedom. Hassle-Free Management.
Our expert team is always ready to answer you! Give us a call at (949) 228-9394. You can email us at firstname.lastname@example.org