Real Estate

What Does Checkbook Control Of Your IRA Mean?

Story Published on June 17, 2008 ⋅  Email this Story ⋅  Print this Story ⋅ Post a comment ⋅

A checkbook IRA allows you to have checkbook control of your IRA retirement account.

If you’re a real estate investor, you already know investment expenses can add up quickly and easily. A few trips to Home Depot, a few calls to your handy man and one simple mistake by an inexperienced contractor means money, money, money – right out of your pocket.

Now think about it for a moment, if you were required to get custodial approval every time you needed to cover an expense related to your investment. It can be time-consuming, expensive and downright irritating. This is no way to supervise what is perhaps the most important asset you have – your IRA account. After all, sometimes the best deals are found “on the spot.”

Having a checkbook IRA means practically being able to buy what you need when you need it and not when you can chase down your custodian for a signature. As you probably already know, sometimes the best investments are made before others learn about them. Without checkbook writing privileges, great investment opportunities could be missed.

What Does Checkbook Control Of Your IRA Mean?

Having checkbook control means you get to manage your IRA retirement account to maximize your retirement investment. Checkbook control of your IRA gives you the ability to invest in practically any way you see fit. The following is a short list of what you can invest in with your Checkbook IRA: undeveloped land, tax liens, hard money loans, private notes, commercial real estate, discounted paper – the list is practically endless.

Checkbook control gives you the ultimate control over your retirement funds. Call Truly Self Directed IRA (TSD-IRA) to learn more at 877-339-4559.

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