An Accelerating Trend Towards Self Directed IRA's with Checkbook Control

In these uncertain economic times many investors are taking direct control of their retirement funds to invest in non-traditional IRA investments using Self Directed IRA's with Checkbook Control.

Henderson, NV (PRWEB) October 23, 2008 -- There is an emerging and growing trend among smart and savvy individual retirement account (IRA) owners, including traditional IRA, Roth IRA, SEP-IRA and 401k plan owners, of investing their retirement funds in their own Truly Self Directed IRA LLC with Checkbook Control and then using that LLC to purchase real estate and other non-traditional IRA investments such as mortgages and trust deeds, tax liens, private partnerships, limited liability companies (LLC's), business opportunities, Forex and more.

Self Directed IRA LLC (http://www.selfdirectedira.org) based in Henderson, Nevada has established a service to provide investors with a low cost and efficient way to take advantage of this trend by performing all the essential requirements to set up a Self Directed IRA with Checkbook Control

In order to set up a Self Directed IRA LLC it is necessary to complete the following steps:

* Set up a Limited Liability Company (LLC).

* Prepare a specialized Operating Agreement that meets the specific requirements for a Self Directed IRA LLC.

* Open a Self Directed IRA account with an independent IRA Custodian that permits truly self directed investments.

* Fund the new Self Directed IRA account or transfer funds from existing retirement account to the new custodial account.

* Direct the new Self Directed IRA custodian to make an investment in your LLC.

* Find a suitable investment vehicle in which to make your investment.

* Purchase the new investment in the name of the LLC.

By using the LLC to make the investment ... the manager of the LLC will have checkbook control of the investments...the LLC managerwill make the decisions of when and where the IRA funds will be invested.

When there is an investment to purchase...the manager of the LLC only needs to write a check from the LLC bank account to purchase the investment product in the LLC's name. There are no approvals necessary from a custodian. Also, there is no time delays in awaiting approval from a custodian.

The most important step and the key ingredient is to have a properly prepared Self Directed IRA LLC Operating Agreement that meets the specific requirements for a Self Directed IRA LLC.

If the option of using tax-deferred funds to purchase investments, property or mortgages as an asset of a retirement planning sounds appealing, it is necessary to locate an independent IRA Custodian that permits truly self-directed ira investments.

Banks and brokerage companies - the most common IRA account custodians - limit the investment choices to certificates of deposit, stocks, mutual funds, annuities, and similar financial instruments as it is in their own self interest to do so - they make their money from the sale of these types of investments and they generally only offer their own captive products to their self directed IRA account holders.

Self Directed IRA LLC through its website SelfDirectedIRA.org (http://www.selfdirectedira.org) provides extensive information and complete assistance to set up a Self Directed IRA LLC.

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