My Checkbook IRA
Take full control over your retirement to build a brighter financial future.
Checkbook control is the first step to helping you achieve your unique financial goals and objectives.
Boost the potential of Self-Directed investing.
A Checkbook IRA expands the benefits of a Self-Directed IRA to give you greater control over your retirement.
We make it easy to establish your Checkbook IRA.
Our simple, straightforward approach will have you up and running in minutes.
Open Your Account
Choose the right type of retirement account to fit your unique financial goals and objectives.
Set Up Your IRA LLC/Trust
The entity is created listing your IRA as the Member/Grantor and you yourself as the Manager/Trustee. You’ll setup an LLC/Trust Checking Account at a local bank.
Fund Your IRA LLC/Trust
Fund your IRA via Transfer, Rollover, or new IRA Contributions. Then, instruct your IRA custodian to send the funds from your IRA to the entity Checking Account.
Start Investing
With the IRA funds in the LLC/Trust Checking Account, you will control all cash flow and investment direction on your own.
Build a truly diversified portfolio.
With a Checkbook IRA, you can choose from an endless array of investment options, quickly and easily.
How does a Checkbook IRA compare?
Plan Benefits
Self-Directed IRA
Checkbook IRA
No Additional Cost per Asset
Real Time Access to IRA Funds
Unlimited No Cost Transactions
Additional Liability Protection
Transact on your own without a Custodian
Frequently Asked Questions
We understand that navigating the self-directed terrain can be complex. We’ve listed a few frequently asked questions to help.
Yes! You can typically combine multiple retirement accounts and invest the funds into a single IRA to maximize your buying power.
We recommend that you consult with a qualified CPA or tax advisor before making any significant financial decision.
Limited liability companies, limited partnerships, and other entities that carry on an unrelated business or borrow funds to finance the acquisition of property may generate Unrelated Business Taxable Income (“UBTI”).
UBTI is generally reported on a Schedule K-1 issued by the related entity. If the UBTI attributable to your IRA exceeds $1,000 for any taxable year, IRS Form 990-T must be filed and sent to the IRS with the appropriate amount of tax, payable from your IRA account.
For more information on UBTI, please refer to IRS Publication 598, visit www.irs.gov and/or consult with a qualified CPA or tax advisor.
No, the IRS requires any Contributions (or Distributions to yourself) to go directly through the IRA to ensure reporting accuracy. When making a Contribution to the IRA you will need to send funds directly to the custodian. Once the funds have been placed in the IRA, you can direct the custodian to send the funds to your Checkbook IRA checking account.
Manage your retirement your way.
With a Checkbook IRA, you can purchase rental properties, establish startup businesses, participate in marketplace lending, and so much more!
We are dedicated to creating access to alternative assets through Checkbook IRAs and Checkbook Solo 401(k)s.
