A true self-directed IRA – the way retirement savings should be.
The IRA LLC structure is what we call a truly self-directed IRA. The terms self-directed IRA, real estate IRA, checkbook IRA, etc… aren’t even technical terms. These terms are merely used to gauge the level of control you have over your IRA and how the funds can be invested. With an IRA LLC you will have the benefits of:
- Checkbook Control
- Asset Protection
What is a Self-Directed IRA
It can be confusing when various financial institutions and IRA custodians claim to offer self-directed IRAs, yet restrict you from investing your IRA in alternative investments. Even when you find a self-directed IRA custodian who will hold your chosen investment, they may impose in-house rules, red tape and fees.
With an IRA LLC you will have all the freedoms allowed under IRA law.
The type of investments that may be held in an IRA is limited only with respect to insurance contracts, under 408(a)(3), and with respect to certain collectibles, under section 408(m)(1)
~ IRS Field Service Advice, April 2001
Aside from life insurance, collectibles and 6 prohibited (self-dealing) transactions under section 4975, a truly self-directed IRA has no restrictions, allowing you and your retirement investments to evolve and grow in the ever changing world we live in.