IRA LLC

Take my Solo 401k RMD From My IRA QUESTION:

QUESTION: I have IRA accounts which are also subject to RMDs.  I am looking to sum all retirement accounts (Solo401K, Traditional and SEP IRA’s) to get the total RMD amount, taking that total RMD amount from one IRA account.  I believe this to be kosher, particularly as it seems the filing dates are the same for each […]

Contribute to Solo 401k While Taking RMDs QUESTION

QUESTION: Even though I am required to take required minimum distributions from my solo 401k plan since I am over age 73, can I still make annual contributions to to the solo 401k plan? ANNWER: Good question, and yes you can still contribute to the solo 401k plan and the contributions would be tax-deductible if […]

SECURE 2.0 / Consolidated Appropriations Act Has Little Impact On Self-Directed IRAs Including IRA LLCs

President Biden signed the Consolidated Appropriations Act of 2023 on December 23, 2022. Tucked away in this bills is SECUR 2.0 which mainly impacts qualified plans including 401k plans such as solo 401k plans for the self-employed, and most of the bills provisions don’t go into effect until 2024. For the main items found in […]

60 Day In-Kind Rollover of Self-Directed IRA LLC (aka Checkbook IRA) from Kingdom Trust to a Self-Directed Solo 401k

An IRA including a self-directed IRA LLC (aka checkbook IRA) held at a self-directed IRA custodian such as Kingdom Trust may be rolled over to a self-directed solo 401k. While the preferred method of moving any IRA to a solo 401k is via a direct rollover instead of a 60- day rollover, some IRA custodians […]

How do I take required minimum distributions from my IRA LLC?

Self-directed IRA Question Answered – How do I take required minimum distributions from my IRA LLC?

Self-directed Checkbook IRA LLC FAQ Can I invest my Self directed IRA in my existing LLC?

I am considering setting up an IRA LLC to invest my Roth IRA funds in real estate. I already have an LLC for my business (which sponsors a Solo 401k).  Can I use the same LLC for this IRA and then open a separate checking account?

Self-directed Checkbook IRA LLC FAQ – Can I open the bank account for my IRA LLC at any bank?

I am looking to set up a Roth IRA LLC to invest in real estate.  Can I open the IRA LLC bank account at any bank?

Self-directed Checkbook IRA LLC Question Answered – How should I name my IRA LLC?

I am thinking of setting up a Roth IRA LLC to invest in cryptocurrency. Should one name his/her Roth IRA LLC containing parts of his/her name? or use a non-personal name?

Self-directed Checkbook IRA LLC Question Answered – How to purchase real estate with my IRA LLC?

Self-directed Checkbook IRA LLC Question Answered – How to purchase real estate with my IRA LLC?

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