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Prohibited Transaction Rules, Part II: Who is a prohibited person?
Prohibited Transaction Rules, Part II: Who is a prohibited person? By Jordan Sheppherd Part I of this series was all about defining what constitutes a prohibited transaction. You know that any deal or transaction of any kind between a plan and a prohibited person is...
Prohibited Transaction Rules, Part I: An IRA LLC Primer
Clients will often ask me what I think is the most important thing for them to learn before they have us set them up with a CheckBook IRA LLC. I always answer that the subject of prohibited transactions is by far the most important. It can sometimes seem a bit...
Can I retire in a house bought by my IRA LLC?
Most people are under the impression that a distribution from their IRA must be in cash.
How do I make a distribution from an IRA LLC?
One of the things that can hang people up when they are introduced to the CheckBook IRA LLC structure is how a distribution of funds would occur once they retire. Below is an excerpt from an email I received from one of our prospective clients: …how would I take...
Can I trade stocks in my CheckBook IRA LLC?
Can I Trade Stocks in my CheckBook IRA LLC?By Jordan Sheppherd I received the following question from a current client in Ohio: Hi Jordan, I was wondering if it’s ok for me to trade stocks in my Check Book IRA? As you know, I’ve been investing primarily in real...
How Can I Pay for an IRA LLC?
This is one of those questions that most prospective clients ask when they call us for the first time. They want to set up a Check Book IRA LLC, but they don’t necessarily want to pay the setup fee out of pocket. The answer is yes; your IRA may pay the setup fees...
The Benefits of a Self-Directed IRA
In this video, I explain the many benefits of having a self-directed IRA. I take the viewer through the basics of what an IRA is, what separates a regular Custodian from a self-directed Custodian, and give an example of how a transaction would occur with a...
