List of Self-Directed IRA Providers

Following is a list of self-directed IRA providers for opening a self-directed IRA for investing in alternative investments such as real estate, precious metals, promissory notes and private company shares, to name a few. Those looking to use the IRA LLC (also known as a checkbook IRA) to invest in alternative investments such as real estate, promissory notes, […]

Solo 401k vs IRA LLC

While both the IRA LLC and the solo 401k can be self-directed–that is, the account holder can place alternative investments (e.g., real estate, notes, private investments, etc.) by writing a check, the solo 401k is generally preferred over the IRA LLC because it is both less expensive and less paperwork extensive than the IRA LLC. […]

Transfer Self-Directed Solo 401k to IRA LLC

This post addresses the necessary steps to ultimately close down a solo 401(k) plan because you are no longer self-employed bu the the goal is to still continue to maintain “checkbook control” over your retirement funds . The end result will be an IRA LLC, meaning that you will have an LLC that is solely owned by […]

Can you use an IRA LLC to invest in your son’s startup business?

QUESTION: Can you use an IRA LLC to invest in a company that your son is starting up? I would own 30% of the company (investment of $50K from existing IRA accounts) and would be a passive investor? If you cannot use the LLC is there any method of using your retirement funds to do this? ANSWER: […]

Hard-to-Value Assets in Self-Directed IRAs

Effective in 2015, it became mandatory that self-directed IRA custodians reveal to the government the types of hard-to-value assets held in self-directed IRAs. These types of assets include LLCs (commonly referred to as a single member IRA LLC) that are funded with self-directed IRA funds. This same rule also applies to distributions from self-directed IRAs. […]

Using Roth IRA as Rainy Day Fund

In addition to being a savings vehicle for retirement, a Roth IRA can also be used as a rainy day/emergency savings fund because of the unique rules that apply to Roth IRAs vs other types of IRAs (e.g., Traditional IRA, SIMPLE IRA and SEP IRA). Unique Roth IRA Rules You always have access to your Roth […]

The ROTH IRA LLC Five-Year Rules

Can the Roth IRA LLC participant take Roth IRA distributions prior to the 5 year period? Yes.  However, part or all of the distribution may be taxable depending on your age and the source of funds being distributed (basis vs gains).   The IRS refers to the tax treatment of Roth IRA LLC distributions as either […]

IRA LLC / Checkbook IRA Required Beginning Date Top Items

The required beginning date (RBD) applies to IRA participants and IRA beneficiaries, and is significant because it results in having to take distributions from the IRA. Following are some important items to know about the RBD. 1. The RBD for IRA LLC owners is the date that required minimum distributions (RMD) must commence. 2. The […]

Should I Open a Solo 401k or an IRA LLC for Investing in Real Estate?

SCENARIO: My husband has recently transitioned employers and we are considering the idea of rolling over his previous employer’s provided 401(k) into a self-directed IRA.  Our primary interest is using these funds to invest in real estate.  From the details provided online, we are mainly interested in the Solo 401(k) or the IRA LLC. The only […]

Do I setup IRA Before Doing a Checkbook IRA?

QUESTION: I currently have a 401k I would like to roll into a checkbook IRA. I read your steps and see your fee. Do you complete the steps for me or do I need to do that before contacting you? ANSWER: With our company, we let you choose the self-directed IRA custodian, with the most […]

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