Investing is typically less stressful and more enjoyable when you don't have to go through so many hoops and obstacles just to invest in something that you want to invest in. For most of you who want to invest in something different with your IRA or 401k you will have to open an account with a different custodian. Most custodians don't allow investments outside of stocks and bonds or any type of investment along those lines. If you would like to invest in real estate, gold or anything non-traditional you'll need to open up a self-directed IRA with a custodian that allows for self-directed IRAs.
When investing with self-directed IRAs there are times when certain investments are time sensitive and need to be invested in quickly. For example, you may want to invest in a real estate property that has multiple offers and you may want to get an offer and monies to them asap. Regardless, of the investment there are times when you don't want want to fill out a DOI form, send it to your custodian, and wait for it to get funded. The faster and more efficient option is to have checkbook control over your retirement account.
What is checkbook control? Checkout this video that explains what a self-directed IRA with checkbook control is –> Checkbook Control IRA
With checkbook control you don't have to worry about how fast you can fund your investments. This gives you the freedom to worry about more important things like your investments. Whether you're investing in gold, silver or real estate, Investing in the things you want and when you want with your IRA is so much better with a self-directed IRA account with checkbook control.
Contact us If you need help setting up your self-directed IRA with checkbook control or just want more information on how a checkbook control IRA can help you.
Author: Nick Barker