FAQ Archives - Page 2 of 4 - CheckBook IRA LLC ™

CheckBook IRA LLC: How much control do I get?

With an IRA LLC you get complete and total control of your retirement funds. If you only have a self-directed IRA, your funds would be held by the Custodian, and you would have to go through them for each and every transaction/investment. With a CheckBook IRA, your...

What is a Self-Directed IRA Custodian?

by | | Common Questions, Self Directed IRA

What is a Self-Directed IRA Custodian? By Jordan Sheppherd Substantially, a “self directed IRA Custodian” is no different than any other Custodian. An IRA is technically a trust, and any Custodian is technically the trustee of that trust. As a result, since the trust...

IRA LLC & Rental Property: A Common Mistake

by | | Common Questions, IRA LLC, Prohibited Transactions

IRA LLC & Rental Property: A Common Mistake By Jordan Sheppherd I received a call from a woman in North Carolina who was interested in using the CheckBook IRA LLC structure to buy rental property. I had explained the process and how it works for about fifteen...

Prohibited Transaction Rules, Part IV: IRA LLC Examples

by | | IRA LLC, Prohibited Transactions

In Part I, we talked about prohibited transaction rules in general; in Part II, we talked about prohibited parties specifically; and in Part III, we talked about prohibited entities. Now that we’ve covered some ground, let’s put it all together and look...

Prohibited Transaction Rules, Part III: Disqualified Entities

by | | IRA LLC, Prohibited Transactions

Prohibited Transaction Rules, Part III: Disqualified Entities By Jordan Sheppherd In Part I of this series we defined a prohibited transaction, and in Part II we looked at who the disqualified persons are to your CheckBook IRA LLC. Next, we’ll look at disqualified...

CheckBook IRA LLC: How much control do I get?

What is a Self-Directed IRA Custodian?

IRA LLC & Rental Property: A Common Mistake

Prohibited Transaction Rules, Part IV: IRA LLC Examples

Prohibited Transaction Rules, Part III: Disqualified Entities

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