Advantages of IRA LLC LAW
- Investment Options
With the Self-Directed Checkbook IRA LLC, you can invest in almost any type of investment, including real estate, private business entities, tax liens, precious metals and cryptocurrencies tax-free! Visit our Prohibited Transactions and Disallowed Investment pages to learn more.
With the Self-Directed Checkbook IRA LLC, you can invest in almost any type of investment, including real estate, allowing you to diversify and better protect your retirement portfolio.
- Checkbook Control
With a Self-Directed Checkbook IRA LLC, you have even more advantages, including what’s called “checkbook control.” As manager of the Self-Directed Checkbook IRA LLC you will have the ability to make IRA investments without seeking the consent of a custodian. Instead, all decisions are truly yours.
With a Self-Directed Checkbook IRA LLC, you will have direct access to your IRA funds allowing you to make an investment quickly and efficiently. There is no need to obtain approvals from your custodian, or deal with time delays in awaiting approval from your custodian, or pay any review fees.
With a Self-Directed Checkbook IRA LLC, when you find an investment that you want to make with your IRA funds, simply write a check or wire the funds straight from your Self-Directed Checkbook IRA LLC bank account to make the investment. The Self-Directed Checkbook IRA LLC allows you to eliminate the delays associated with an IRA custodian, enabling you to act quickly when the right investment opportunity presents itself.
- Lower fees
Another advantage to a Self-Directed Checkbook IRA LLC account is that you can save a lot of money on custodian fees. With the “checkbook control” Self-Directed Checkbook IRA LLC structure, you will not be required to seek custodian approval when making IRA investments allowing you to eliminate custodian transaction fees and account valuation fees.
- Limited Liability
By using a Self-Directed Checkbook IRA LLC with “Checkbook Control”, your Roth IRA or traditional IRA will benefit from the limited liability protection afforded by using an LLC. By using an LLC, all your IRA assets held outside the LLC will be shielded from attack. This is especially important in the case of IRA real estate investments where many state statutes impose an extended statute of limitation for claims arising from defects in the design or construction of improvements to real estate.
- Asset & Creditor Protection
By using a Self-Directed Checkbook IRA LLC with “Checkbook Control”, the IRA holder’s IRA will be protected for up to $1 million in the case of personal bankruptcy. In addition, most states will shield a Self-Directed Checkbook IRA from creditors attack against the IRA holder outside of bankruptcy. Therefore, by using a Self-Directed Checkbook IRA LLC, the IRA will be generally protected against creditor attack against the IRA holder.
- Tax-Free Investing for Roth Accounts
The primary advantage of using a Self-Directed Checkbook IRA LLC to make investments is that all income and gains associated with the Roth IRA investment grow tax-free and will not be subject to tax upon withdrawal or distribution. This is because unlike traditional IRAs, you are generally not subject to any tax upon taking Roth IRA distributions once you reach the age of 59 1/2.