What Does Checkbook Control Of Your IRA Mean?
A checkbook IRA allows you to have checkbook control of your IRA retirement account. If you’re a real estate investor, you know expenses can add up quickly and easily.
A few trips to Home Depot, a few calls to your handy man and one simple mistake by an inexperienced contractor means money, money, money – right out of your pocket. Now imagine if you had to get custodial approval every time you needed to cover an expense related to your investment. It can be time-consuming, expensive and downright annoying. This is no way to manage what is arguably the most important asset you have – your IRA account.
Checkbook control means being able to buy materials when you need them, not when you can chase down your custodian for a signature. After all, sometimes the best deals are found “on the spot.”
Having checkbook control means you get to manage your self-directed IRA account to maximize your retirement investment.
How Checkbook Control Expands Your Investment Options?
Other things checkbook control allows. You can invest in practically any way you want. Following is an abridged list of some of what you can invest in with checkbook control: raw land, tax certifications, auto loans, hard money loans, annuities, commercial real estate, factoring – and much, much more.
Checkbook control is the ultimate control over your IRA funds.
