Checkbook IRA: A Powerful Tool for Building Wealth

Since the early 2000′s, the number of self-directed IRAs has more than doubled! These plans give individuals the ability to invest into assets that they understand and can control such as real estate. Investors who have knowledge and expertise in a particular investment can purchase them in a tax-free or tax-deferred environment.

Self-directed IRAs are qualified retirement plans in which the account holder is the sole investment decision maker. According to IRS regulations, a qualified custodian (bank or trust company) holds the assets of an IRA on behalf of the account holder. The IRA custodian maintains the assets and all transaction records of the account, issues periodic statements, files  required IRS reports, and perform other administrative duties on behalf of the account holder.

Checkbook IRA- Build Wealth Quickly

Checkbook IRA: How does it help you?

A Checkbook IRA (also known as IRA owned LLC or IRA LLC) is a cost effective and time efficient investment vehicle available to self-directed IRA investors. This investment vehicle is a popular choice for gaining “checkbook control” of an IRA. Here’s how the process goes:

Open a self-directed account with an IRS-approved custodian.

Rollover funds from your existing IRA or 401k plan

A special purpose LLC is created, which is owned by the IRA. You will act as the manager of this LLC.

You direct the custodian to purchase 100% of the LLC units, and it is funded now. 

As a result, you get a legal structure allowing you (the account holder) to make transactions using your IRA funds at the LLC level without custodian involvement. The Checkbook IRA method is used to eliminate ‘red tape’ and transaction delays associated with the custodian giving you ‘checkbook control’ over your retirement account and it also eliminated all transaction and asset-based fees charged by the custodian.

Our Establishment Service Includes:

Dedicated Account Manager
Access to Client Portal with detailed flow-charts and instructions for each step
Assisting in the establishment of self-directed IRA with an IRS-approved Custodian
Establishment of (1) one Special Purpose LLC
All state, legal and filing fees are included in the establishment fee
Prepare & file Articles of Organization
Preliminary name search

Prepare EIN filing and obtain EIN number
Obtain Certificate of Organization from Secretary of State
File Notice for Publication (if required) and pay applicable fees
Assist in the establishment of an IRA LLC business bank account
A customized & IRS-compliant Operating Agreement
Assistance in the completion of documents to transfer funds to the LLC
Registered Agent service for the first year

What are the alternate investment options you get with Sense Financial?

Real Estate

Precious Metals

Private Business

Stock & Funds

Private Lending

Tax Deeds/Liens

 Take Control of Your Retirement.
Greater Flexibility. Investment Freedom. Hassle-Free Management. 

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