{"id":2179,"date":"2012-10-28T14:28:06","date_gmt":"2012-10-28T14:28:06","guid":{"rendered":"https:\/\/www.ricardocrooks.com\/?p=2179"},"modified":"2019-11-29T18:46:12","modified_gmt":"2019-11-29T18:46:12","slug":"total-control-ira","status":"publish","type":"post","link":"https:\/\/www.ricardocrooks.com\/total-control-ira\/","title":{"rendered":"Total Control IRA"},"content":{"rendered":"[vc_row top_margin=”0″ bottom_margin=”0″ css=”.vc_custom_1574150573347{margin-bottom: 0px !important;padding-right: 25px !important;padding-left: 25px !important;}”][vc_column offset=”vc_hidden-sm vc_hidden-xs”][vc_separator color=”custom” border_width=”10″ accent_color=”#c06f6b” el_class=”brdr-lne” el_id=”main-sep”][\/vc_column][\/vc_row][vc_row top_margin=”0″ bottom_margin=”0″ css=”.vc_custom_1574344648630{margin-bottom: 0px !important;padding-right: 10px !important;padding-left: 10px !important;}”][vc_column offset=”vc_hidden-lg vc_hidden-md”][vc_separator color=”custom” border_width=”10″ accent_color=”#c06f6b” el_class=”mbl-sprtr” css=”.vc_custom_1574344657103{margin-bottom: 0px !important;}”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1569495230824{padding-right: 25px !important;padding-left: 25px !important;}”][vc_column offset=”vc_hidden-sm vc_hidden-xs”][vc_custom_heading text=”The Checkbook IRA \u2014 Why You Want It, Why You Need It!” font_container=”tag:h2|font_size:44px|text_align:left” google_fonts=”font_family:Titillium%20Web%3A200%2C200italic%2C300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C900|font_style:600%20bold%20regular%3A600%3Anormal” css=”.vc_custom_1572896833400{padding-top: 35px !important;}”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1574344667005{margin-bottom: 0px !important;padding-right: 10px !important;padding-left: 10px !important;}”][vc_column offset=”vc_hidden-lg vc_hidden-md”][vc_custom_heading text=”The Checkbook IRA \u2014 Why You Want It, Why You Need It!” font_container=”tag:h2|font_size:44px|text_align:left” google_fonts=”font_family:Titillium%20Web%3A200%2C200italic%2C300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C900|font_style:600%20bold%20regular%3A600%3Anormal” css=”.vc_custom_1574137021944{padding-top: 17.5px !important;}”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1569495262897{padding-right: 25px !important;padding-left: 25px !important;}”][vc_column offset=”vc_hidden-sm vc_hidden-xs”][vc_single_image image=”2260″ img_size=”full” style=”vc_box_border”][vc_column_text el_class=”tp-txt”]\n

Unleash the full potential of your retirement account with a checkbook IRA giving you almost limitless freedom and complete control over what, where, and how you invest your retirement assets!<\/p>\n

A Checkbook\u00a0IRA, also called an\u00a0IRA\u00a0LLC or Total Control IRA is a self-directed retirement account that shifts control of the IRA from the providers to the account holder.<\/p>\n

It gives the account holder complete and absolute checkbook control over his or her retirement funds and investment decisions.<\/p>\n[\/vc_column_text][vc_custom_heading text=”How Does It Work?” font_container=”tag:h2|font_size:36px|text_align:left” google_fonts=”font_family:Titillium%20Web%3A200%2C200italic%2C300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C900|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text el_class=”tp-txt”]\n

Total control\u00a0is\u00a0achieved by utilizing an LLC within the IRA\u2019s structure. The\u00a0IRA\u00a0buys 100% interest in the LLC. The LLC is a business entity that can establish a checking account that is funded by the IRA.<\/p>\n

This\u00a0checkbook control gives the account holder significantly greater flexibility in the types of assets that can be held by the IRA.<\/p>\n

You can use your traditional or Roth IRA. Your 401k, 403b, and 457 may be eligible as well.<\/p>\n[\/vc_column_text][vc_custom_heading text=”Purchase Real Estate with an IRA” font_container=”tag:h2|font_size:36px|text_align:left” google_fonts=”font_family:Titillium%20Web%3A200%2C200italic%2C300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C900|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text el_class=”tp-txt”]\n

You can purchase real estate outright with your checkbook IRA or use the cash as a down payment on a real estate purchase and finance the rest with a non-recourse loan.<\/p>\n

A checkbook IRA can be used to:<\/p>\n