Blog
Happy Thanksgiving 2019
We at CheckBook IRA want to wish all of you a very Happy Thanksgiving and hope that you surround yourself with family or loved ones. This is the time of year when we take stock in our investment performance and pat ourselves on the back or give ourselves a kick in the pants.
Combine Your Retirement Accounts into One High Producing Investment Machine
Very few Realtors are aware that Congress passed an act that allows Self-employed Business owners (Most Realtors) to enjoy the same flexibility and tax advantages as large Corporations, at a fraction of the cost and reporting.
Creative Contributions
These two features of a Solo 401(k) can be combined to do something very interesting; something you wouldn’t think is allowed at first glance.
Why Go to the Trouble of Converting Your IRA to a Checkbook Controlled Solo 401(k)?
A Solo 401(k) can certainly open a brokerage account, and can engage in just about any type of trading you can imagine. Everything from the holding of plain old stocks and mutual funds, to options trading, to trading on margin, all of it can be done in a brokerage account.
Why Go to the Trouble of Converting Your IRA to a Checkbook Controlled Solo 401(k)?
A Solo 401(k) can certainly open a brokerage account, and can engage in just about any type of trading you can imagine. Everything from the holding of plain old stocks and mutual funds, to options trading, to trading on margin, all of it can be done in a brokerage account.
Why Go to the Trouble of Converting Your IRA to a Checkbook Controlled Solo 401(k)?
A Solo 401(k) can certainly open a brokerage account, and can engage in just about any type of trading you can imagine. Everything from the holding of plain old stocks and mutual funds, to options trading, to trading on margin, all of it can be done in a brokerage account.
What is the Difference between A Self Directed IRA and A Check Book IRA?
When someone looks to open a self-directed IRA, there are two different kinds of platforms available: the Custodian model and the Checkbook Control model. The Check Book IRA is a Self Directed IRA with a multitude of advantages.
Can My Solo 401(k) Open a Brokerage Account?
A Solo 401(k) can certainly open a brokerage account, and can engage in just about any type of trading you can imagine. Everything from the holding of plain old stocks and mutual funds, to options trading, to trading on margin, all of it can be done in a brokerage account.
What to Know Before Purchasing Cryptocurrencies with Retirement Funds
Once your Check Book IRA is setup, it’s extremely important to keep your LLC in compliance with any State filing requirements. The flip side to the freedom of managing your investments is that you are responsible for any filings that the State may require.
Keep Your LLC in Compliance
Once your Check Book IRA is setup, it’s extremely important to keep your LLC in compliance with any State filing requirements. The flip side to the freedom of managing your investments is that you are responsible for any filings that the State may require.
Managing Your Check Book IRA: What’s Your Responsibility?
As Manager of your LLC or Check Book IRA, you have a fiduciary responsibility to act in the best interest of the LLC. But, what does that mean in practice?
Vetting Your Investment Opportunities
The one major piece of advice we give our clients is to thoroughly vet and understand the risks and rewards of your investments. Here are a few tips that we see all our successful investors do.
Solo 401(k) – How to Make Changes to Your Plan
If you are one of our clients with a Solo 401(k), or if you’re thinking of setting one up, in this brief article, I’m going to walk you through how to change information in your plan.
Taking Distributions from Your Check Book IRA
While, Check Book IRAs are subject to the normal distribution limits as other IRAs, there are a few extra steps to making these transactions when using a Check Book IRA.
Investing in Real Estate that is Attached to an Association?
This can be an exasperating or great experience depending on your knowledge going in. Here are a few tips to help you understand what you are getting yourself into.
Checkbook IRA would like to welcome Anne Amagrande and Grande AMA
Retirement Guardians and Checkbook IRA would like to welcome Anne Amagrande and Grande AMA @Associates as new affiliates
Know Your investment Style!
You have to have a clear picture of what your style is in order to find investments to match your goals and tolerance for risk.
Want to Invest in Real Estate but Don’t Want the Hassle or Don’t Have the Funds? Try Crowdfunding.
With the dawn of the Internet, the idea came about to get a group of investors whose only commonality was a high net worth and that they execute their investment searches by electronic communication. This is how crowd funding came about.
Financing Property? Try a Solo 401(k)
If you are thinking of financing some property within a retirement structure, you might consider doing it through a Solo 401(k), instead of an IRA related structure
Amazon Just Proved the Value of Real Estate in an Investment Portfolio
There is a silver lining for the investors who already closed on properties and the higher pricing. Those properties will still create income.
The Importance of a Successor Manager
Being a beneficiary to your Check Book IRA doesn’t mean that your beneficiary can simply take over your LLC investments or even access the LLC bank account; unless they are named as Successor Manager in the Operating Agreement.
Triggering UDFI in a Partnership
Most of you are probably familiar with the Unrelated Debt Finance Income (UDFI) rules, which apply any time a retirement account has “acquisition indebtedness” on a given asset, or in plain English, anytime the retirement account uses leverage to purchase an asset.
Why use the Solo 401K rather than a SEP IRA or why not Supersize your SEP
While a SEP IRA does offer high annual contribution limitations, there is another retirement plan that offers better retirement options…
Life Settlements in a Retirement Account? Think Again.
Most of you who subscribe to our newsletter understand that life insurance is prohibited to retirement accounts as an investment. Its hard to forget, given that there are only two investment classes prohibited to IRAs and 401(k)s – life insurance and collectibles.
