Archive for the ‘ira owned llc’ Category

IRA Owned LLC

Saturday, April 5th, 2008

Although you can self direct your IRA funds with a self directed IRA custodian, they maintain a strong foot hold in your investment decisions and play a huge role in your ability to pull the trigger on great investment opportunities. However, using a Self-Directed IRA LLC with checkbook control in you are able you to determine when and where your retirement plan and pension plan funds are invested. With a checkbook IRA, custodial involvement and hassles are virtually eliminated, regardless of whether the investments are in securities, real estate or other assets.

In addition, your self directed IRA fees are substantially lowered because with a self directed IRA LLC it is not the IRA custodian who cuts the checks for the property tax and contractors. By utilizing a self directed IRA, your IRA remains free to invest in real estate and other investments without the red tape and administrative fees normally associated when using your IRA to directly make an investment.

The most important step and the key ingredient to having a properly prepared Self Directed IRA LLC is an IRA LLC operating agreement that meets the specific requirements for a Self Directed IRA. You can join this trend by setting up an IRA owned LLC, but before you jump into this popular idea visit with a self directed IRA LLC advisor who can answer your questions.