Our investors are interested in diversifying beyond stocks, bonds and mutual funds. They want alternatives to traditional investing. A self-directed IRA allows you to add Main Street to your Wall Street portfolio. Adding checkbook control offers greater choice and speed – you invest by writing a check rather than filling out lengthy paperwork.
This investor bought several residential properties with a self-directed IRA.
HOW DO SELF-DIRECTED IRAS AND CHECKBOOK CONTROL LLCS WORK?
Your IRA forms an LLC and is the only (single) member of that LLC
The LLC has the benefit of liability protection, comparable to that of a corporation
The IRA owner (you) becomes acting manager of the LLC
The LLC opens a bank account in its name and funds are deposited into the account from the IRA
As manager, you are able to write checks out of the account to acquire investments
You can roll over your existing IRA, 401k, 403b or 457 into a self-directed IRA which allows you, as the owner, to direct funds into alternative investments such as real estate or deed of trusts. The IRS requires a qualified custodian which we will match you with.
The next step – creating a Checkbook Controlled LLC (limited liability company) – puts you fully in charge. This means you don’t have to get permission from the custodian or go through a time-consuming process to make your investment. As the name says, you’re in control and can simply write a check.
IPX specializes in helping clients invest these assets in two main vehicles. Trust deeds are an income investment where you act as the lender (secured by real estate) and earn a 9% return. Purchasing a rental property from our selection of turnkey, renovated and occupied rental properties is a growth investment. Many of our clients invest in both at the same time.
Is it a difficult process to rollover my IRA?
No – not when you work with the professionals at IPX. We’ll complete the entire process for you as a complimentary service. That’s because we think it’s a great way to get to know each other. IPX is a one-stop shop so we manage every step of rolling over your IRA and creating checkbook control. Then we serve as your financial advisor to find the right investment to fit your goals.
Our IRA roll-over team makes it easy. You simply complete a data gathering form. Then we initiate the transfer from your existing custodian and ensure your retirement account funds arrive safely to your self-directed custodian. Also, we take care of setting up checkbook control which includes filing the Articles of Organization, publishing the LLC, obtaining the EIN and even opening up the new bank account.
Why roll over my IRA with IPX
Clients appreciate our knowledgeable and friendly service along with our no-hassle, streamlined process. We’re experienced in the complex IRS regulations so you avoid any tax problems. We identify the right custodians for you to work with. We’ll even help you open bank accounts for your checkbook controlled IRA. Many other companies involved in roll overs have confusing paperwork, heavy fee schedules and poor customer service. We designed our procedures to avoid those common problems.
At IPX, we have a vested interest in your investments because we consider you our client for life. Call today to meet our IRA roll-over team.