September 29, 2020

Entrepreneurs Turn to a New Source of Funds: Their Neighbors

Forget “Buy Local.” A Growing Movement Is Urging People To Take Grass-Roots Support Further And Invest Local.

It’s the kind of story people hear all the time.

Two years ago, Rick Stender found out that a local business he liked—a custom-bike maker—was in big trouble. The shop needed money to import extra bike parts for the holiday rush. And banks wouldn’t extend any credit to such a young company.

Many people would have tried to give the store some extra business by buying a new bike, or urging friends to stop in. Many others would have simply shrugged.

Mr. Stender wrote a check for $20,000.

[Read more...]

Self Directed IRA Rules and Tax Benefits: to Expand National Investor Education Outreach

Self Directed IRA facilitator, has traditionally waited for a formal phone conversation to discuss the benefits and self directed IRA rules with an investor look to set up a self directed IRA. Recently, IRAcheckbook has invested in an email platform that delivers information directly to the investor without a preliminary sales call.

Getting the Word Out on What all hard-working taxpayers should know about a “Checkbook IRA.”

Click here for more details.

Calculating IRA Required Minimum Distributions (RMD)

By Karin Price Mueller/The Star-Ledger
on February 17, 2014 at 7:23 AM, updated February 17, 2014 at 7:28 AM


Q. I have four IRAs and I am over 70 1/2. I would like to know how to figure out the required minimum distributions (RMDs) for these accounts.
— Not liking the math

A. Not taking the proper RMDs from IRAs can result in penalties, so we’re glad you’re trying to get a handle on what you with withdraw from these accounts.

You are required to take your first RMD no later than April the first of the year after the year you turn 70½, said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morristown. Or, if you are still working, you can hold off your first RMD until you stop working.

Kiely explains further with this example: Assuming you’re no longer working. If you were born before July 1, you will turn 70 in a calendar year and you will turn 70½ in the same calendar year. In this case, you are required to take your first RMD by April 1 of the next year.

Kiely said he was born in September, so he will turn 70 in a certain calendar year (he wasn’t sharing exactly when). But he won’t turn 70½ until the next calendar year. So according to the rule, he could wait until April 1 of the next calendar year to take his first RMD.

“The problem with waiting is I will be required to take two RMDs in the same year,” he said. “I plan on taking my first RMD in the year I turn 70½. That way I’ll take one RMD in the year I turn 70½ and one RMD the next year.”

For all subsequent years you must take your RMD by Dec. 31 of each year.

Kiely said the formula for your first RMD is based on the total value of all your IRAs on Dec. 31 of the year prior to your distribution. The second part of the formula is the IRS’s Joint and Last Survivor Table, which is available in IRS Publication 590, “Individual Retirement Arrangements (IRAs). Publication 590 also includes handy worksheets to calculate your RMDs, Kiely said.

Table 3 in Publication 590 is for “Unmarried Owners,” “Married Owners Whose Spouses Are Not More Than 10 Years Younger” and “Married Owners Whose Spouses Are Not the Sole Beneficiaries of Their IRAs.”

Table 3 lists the ages from 70 to 115. Kiely said you should use the age that you will turn on your birthday in that calendar year.

“Each age has a factor; for age 70 the factor is 27.4,” he said. “The rules state that you must calculate the RMD for each of your IRAs separately. But, you can take the entire RMD out of any one IRA.”

Kiely said the formula for your RMD is the value of the account on the last day of the prior year divided by the factor (27.4 at age 70). You divide by the factor — it is not a percentage.

“What if you don’t take your RMD at all or you don’t take enough? The penalty is 50 percent of the amount you failed to take! Because the penalty is so big, I generally recommend my clients take the entire RMD in early January so they don’t forget.”

Kiely had one final thought: You are required to take your RMD and pay the tax. You are not required to spend the money.

Our five part Self Directed IRA email series is complete. Get the Things You Need to Know About the Self Directed IRA – Please Share:

2 Prohibited Transactions To Avoid In Investing Retirement Funds

Updated: November 25 2013
Article by Paul Anderson

self directed ira rulesThe availability of self-directed investments in retirement plans and individual retirement accounts (IRAs) may tempt plan participants and IRA owners to get creative in investing their retirement assets. Unfortunately, that can lead to some unexpected and adverse tax consequences.

These consequences aren’t related to choosing from a menu of mutual funds or exchange-traded funds, or even hedge funds or limited partnerships. They stem from using retirement funds to purchase collectibles, second homes or other property for personal use, or to using them as seed money for a new business. These types of investments are generally prohibited, and the penalty for engaging in them can include accelerated taxation of the amounts used to purchase the investments and several types of penalty taxes.

Investment in collectibles

IRAs and participant-directed accounts in qualified defined contribution plans are prohibited from investing in collectibles of any sort, including coins (except for certain bullion coins), stamps, rugs or antiques, artwork, alcoholic beverages or gems. The result of these investments is that the cost of the item is treated as a distribution from the account, which is then subject to taxation, including the 10% early distribution penalty if the account holder is under age 59½. If the plan is a 401(k), this “deemed distribution” can be especially costly for someone under age 59½, because the plan would be prohibited from making an actual distribution, and the individual would have to come up with the amount necessary to pay the taxes from other assets.

Other IRA prohibited transactions

Another type of investment can be even more problematic — the use of IRA or retirement plan assets to buy property used by the account holder or to purchase an interest in a business in which the account holder is involved. Both the Internal Revenue Code and the Employee Retirement Income Security Act (ERISA) prohibit:

any direct or indirect sale or exchange of property between a plan and a disqualified person (ERISA uses the term “interested party”), or

an act by a disqualified person who is a fiduciary, whereby the person deals with the income or assets of a plan in his or her own interest or for his or her own account.

This situation was addressed in a Tax Court case, Ellis v. Commissioner, T.C. Memo. 2013-245. Terry L. Ellis established a corporation to operate a used-car business, and he directed his IRA to purchase 98% of the corporation for $319,500. As the court pointed out, this transaction itself was not a prohibited sale or exchange of property, since the corporation was not initially a “disqualified person” with respect to the IRA. (The court did not rule on whether the purchase was a prohibited use of plan assets for the individual’s own interest.) However, after the IRA became the principal owner of the corporation, Ellis directed the corporation to pay him compensation for his role in the day-to-day operation of the business. The court ruled that this was an act of dealing with the assets of the IRA in his own interest and was therefore prohibited.

Since the prohibited transaction in the Ellis case involved an IRA, the result was that the IRA ceased to be an IRA as of the first day of its taxable year. Therefore, more than $321,000 was taxable to Ellis as of the date the IRA was established. Because Ellis was not older than age 59½, the sum was also subject to the 10% penalty on early distributions. To make things worse, the court assessed an additional 20% penalty for the “substantial understatement of income tax.”

If the plan had been a qualified retirement plan rather than an IRA, the prohibited transaction would have had different, albeit equally severe, tax consequences. As the disqualified person involved in the transaction, Ellis would have been subject to excise tax penalties under the tax code of 15% of the amount involved in the prohibited transaction — applied for each year the transaction remained outstanding, with a 100% penalty if the transaction was not “corrected” in a timely fashion — and he would have been subject to potential civil and criminal penalties under ERISA. He also would have had to undo the prohibited transaction and restore the plan to the financial position it would have been in if the prohibited transaction had not occurred.

Large accumulations in retirement plans and IRAs can tempt some people to put the money to uses other than pure investments. As the court pointed out, that is precisely the kind of self-dealing the law was enacted to prevent, and the penalties for succumbing to such temptation can be severe.

Reinventing Retirement Planning

By John Solari, Published November 24, 2013

The old paradigm of retirement planning went something like this — sock away up to 5% of your paycheck in a retirement account (ideally matched by your employer) and hope the diversified index of stocks and bonds you buy grows enough over time to finance a comfortable and anxiety-free retirement.

But times have changed, and retirement strategies are changing with them. Many investors — especially those that saw much of their retirement savings vanish in the recent financial meltdown — have grown skeptical of the stock market as the reliable retirement option.

To boot, retirees are living longer, requiring more return out of their investment strategies to fund longer retirement periods. So, in response, alternatives to the traditional IRA or 401(k) are popping up. And while these alternatives are not for everyone, entrepreneurs with solid business experience and savvy investors who intimately know the industries they are investing in are being attracted to two new forms of IRAs that offer all of the same tax advantages of traditional retirement planning while providing potential high returns from investments like real estate, venture capital or precious metals.

These changes are making waves in the $5-trillion-dollar IRA industry. Self-directed IRA companies like Provident Trust Group, which recently acquired the rights to Guidant Financial’s $1.45 billion self-direct IRA business, are capturing growth in one of these new breeds of retirement accounts — one where knowledgeable investors take control of their retirement future by moving their retirement savings out of the publicly traded space and putting it into anything from real estate to private equity funds. This investment approach introduces more risk into the equation, but it also increases the potential for high investment return for the qualified, knowledgeable investor who is willing to take a more hands-on approach to retirement planning.

Similar to self-directed IRAs, ROBS (rollover as business start-ups) retirement funds have gained popularity as funding mechanisms for entrepreneurs who need capital to start their own business venture. While this retirement strategy puts even more eggs in one basket — risking the loss of income, retirement and business capital if the business goes under — it provides one more option for entrepreneurs with solid business ideas who have a hard time securing other forms of business capital.

In the self-directed IRA sector, part of the increasing interest can be traced back to disillusionment with the current publicly traded stock market investment environment. The 2008 stock market crash, mixed with news of technical glitches like the infamous “flash crash” of the Dow Industrial or the recent outage at the NASDAQ, as well as supercomputer-aided high-frequency trading, have fueled a distrust in the fairness of large public stock exchange investing.

While self-directed IRAs are complex arrangements that typically require consultation with tax advisors and investment experts, in many ways they also represent a return to a simpler form of investing. In an era of electronic stock exchanges, high-frequency trading and complex multi-national corporate structures, a return to the simplicity of buying a rental property or investing in a commercial building across town can represent a much more tangible and intelligible investment opportunity that also has the upside of making a positive economic impact on the community an investor lives in.

Self-directed IRAs are not for every average retirement investor. But they are understandably attractive to a sizable segment of entrepreneurial-minded individuals unafraid to take a hands-on approach to their retirement planning.

And they represent what may be a looming and disruptive sea change in the retirement finance industry — where the market evolves to respond to consumers by offering options other than mutual fund indexes and stock choices and account for a souring public perception of the fairness of the stock market and a need to increase retirement account revenue to account for lengthening retirement periods.


Published on September 10th, 2013 | by Mat Sorensen

Many self directed IRA investors misunderstand or are unaware of the protections afforded to their IRA (roth or traditional) as it relates to creditors and judgments. This article seeks to address the key areas of the law that every self directed IRA investor should know.

First, your IRA is not always exempt from creditors up to $1Million. Many IRA owners believe that federal law protects their IRA from creditors up to $1M. While Section 522(n) of the federal bankruptcy code protects an IRA owner’s IRA from creditors up to $1M, this protection is only provided to IRAs when an account owner is in bankruptcy. If the IRA owner is not in bankruptcy then the creditor protections are determined by state law and the laws of the state’ varies. For example, if you reside are a resident of Arizona then your IRA is still protected from creditors up to $1M even without filing bankruptcy. The approach Arizona takes is the most common, however, many states protections for IRAs outside of bankruptcy are extremely weak. For example, if you are a resident of California then your IRA is only protected in an amount necessary to provide for the debtor and their dependents. That’s a pretty subjective test in California and one that makes IRAs vulnerable to creditors.

Second, while your IRA can be exempt from your personal creditors, as explained above, it is not exempt from liabilities that occur in the IRAs investments. For example, if your IRA owns a rental property and something happens on that rental property then the IRA is responsible for that liability (and possibly the IRA owner). As a result, many self directed IRA owner’s who won real estate or other liability producing assets utilize IRA/LLC’s which protect the IRA and the IRA owner from the liability of the property.

Third, if the IRA engages in a prohibited transaction under IRC Section 4975 then the IRA is no longer an IRA and is no longer exempt from creditors. Despite the bankruptcy and state law protections outlined in my first point above, of a creditor successfully proves that a prohibited transaction occurred within an IRA then account no longer is considered a valid IRA and therefore the protections from creditors vanish. There seems to have been an increase in creditors who are pursuing IRAs, particularly self directed IRAs, and I have been representing more and more self directed IRA owners in bankruptcy and other creditor collection actions in defending against prohibited transaction inquiries.

In summary, the best way to protect your self directed IRA from creditors is to understand the rules that govern your self directed IRA and to seek counsel and guidance to ensure that your retirement is available for you and not just your creditors.

Self-Directed IRA Investors: A Growth Opportunity For CPAs


With demand for alternative assets accelerating, CPAs have a growth opportunity to engage with a increasing number of investors making investments in illiquid – and high potential – alternative assets held in an Individual Retirement Account (IRA).


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With demand for alternative assets accelerating, CPAs have a growth opportunity to engage with a increasing number of investors making investments in illiquid – and high potential – alternative assets held in an Individual Retirement Account (IRA).

A recent survey by Natixis Global Asset Management found that nearly 72% of investors say they would consider alternative investments if their financial advisor recommended them. That’s up from 35% a year ago, and is a significant increase from 19% in 2011.

For CPAs, there is a business opportunity to help a certain segment of the alternatives market: Individuals who invest in assets not traded on public exchanges. These independent-minded investors typically hold illiquid private equity, real estate, secured notes, unsecured notes and precious metals in their retirement accounts.

An alternative custodian specializing in retirement assets is essential to executing the self-directed IRA investor’s strategy.  Equally as important is the expertise of a CPA to help manage the tax implications.

Investors Need The Expertise Of A CPA

Direct investments in a retirement account typically include real property, private company stock, venture investments, a variety of notes and precious metals.  All of these are permissible in a Traditional IRA, Roth IRA, SEP-IRA, Solo(k) and other types of qualified plans.

When the investments include various types of corporate and legal structures, the complexity often requires the expertise of a CPA.  That’s particularly true when the investments are held in any one of the following:

•    C-corporations

•    Limited Liability Corporations not traded on the exchanges, including single member and family-controlled LLCs

•    Limited Partnerships not traded on the exchanges, including single partner and family-controlled LPs

•    Private  Equity

The Value of a CPA’s Counsel

Self-directed IRA investors typically work with a custodian to manage the record-keeping, as well as asset reviews, regulatory reporting, and asset valuations.  The custodian also provides tax reporting, which involves issuing of forms such as 1099s and 5498s.

However, there are also certain tax benefits or requirements that are best reviewed by a CPA.  For example, certain business entities or leveraged real estate owned by IRAs may be subject to UBIT (Unrelated Business Income Tax).  A CPA is best positioned to make that evaluation and calculate any taxes owed by the IRA.

CPAs can also provide valuable counsel to clients when an IRA investment involves the following:

  • Federal and state tax returns related to the use of a self-directed IRA
  • Partnership filings for Limited Partnerships, C Corporations, and LLCs
  • Schedule C filings
  • Preparation of K-1s for IRA-owned LLCs
  • Prohibited Transaction scenarios
  • 990-T and valuation requirements

A CPA also helps facilitate other key aspects of investments held in a retirement account.

A CPA will often serve as loan servicer for IRAs holdings secured and unsecured notes.  They will also provide clients with oversight of IRA-related transactions, including rollovers, managing contribution limits, Roth conversions, and the tax implications of distributions in-kind.  They also may serve as special advisor to single member and family-controlled companies, reviewing the company’s transactions for IRS compliance.  This oversight is required by many alternative asset IRA custodians in order to meet regulatory requirements

Beware Of Prohibited Transactions

Coordination between the custodian and the CPA can pre-empt a prohibited transaction, often referred to as “self-dealing.”

Federal rules prohibit an IRA account from conducting transactions that benefit the investor, the investor’s family or investor’s business.  Any violation of that rule will end the tax-advantaged status of the retirement account and may result in additional penalties.

The following are some examples of prohibited transactions for certain common asset types:

Real estate: An IRA can’t hold property in an IRA or other tax-advantaged retirement accounts if the investor or other “disqualified persons” (as defined by Internal Revenue Code 4975) have ever owned, currently own or live in, plan to live in, or plan to use that property while it is owned by  a retirement account.  The property must be for investment purposes only.

Private placements: Self-directed IRAs can’t hold private equity shares of an investor’s own business or that of any other disqualified person, or even of a company in which the investor is a highly compensated employee, controlling interest or decision-making authority.

Promissory notes and loans: Self-directed IRA investors can’t loan money to themselves or other disqualified persons from the IRA or other tax-advantaged retirement account.

Stepped transactions: A stepped transaction is one in which an owner of an IRA or retirement account conducts one or more transactions toward making a prohibited transaction.  For example, an investor cannot loan money from an IRA to a relative, who in turns loans that money to his wife, who then loans it to back to the investor/account owner.

Prohibited Asset Types

Individuals can invest in a wide variety of alternative assets in a tax-deferred account, but there are a number of types of assets types that are prohibited.  CPAs and alternative asset custodians should work together with the investor to avoid a costly mistake.

Prohibited assets include the following:

  • Collectibles, such as, art, antiques, stamps, gems, rugs, or anything the U.S. Treasury Department deems to be a collectible
  • Life insurance
  • The stock of a Sub-Chapter S Corp. (Solo(k) plans can invest in an S Corp.)
  • Viatical settlements
  • General partnerships
  • Auction transactions (includes real estate auctions)

After a decade of lost investment performance and widespread mistrust of the financial markets, more investors are looking to take control by investing in high potential alternative investments through their retirement accounts.  A CPA can be valuable partner in helping prudent investors achieve that objective.

Charleston SC – Voted Top City in US 2013

Peer-to-Peer Lending Fills in the Gaps Banks Leave Behind

While small business lending is up — another sign of life in the slowly recovering U.S. economy — the stagnant years preceding this recovery were difficult for small businesses. Banks were tight with loans and many companies found themselves shut out, unable to expand or replace aging equipment. During that time, many companies found success with a different type of loan.

The practice dates back to 2006 with the launch of the first peer-to-peer loan company, Prosper. Today, there are many more players. LendingClub is world’s largest peer-to-peer lending platform, with Prosper in second place.

Peer-to-peer lending is a fairly simple concept. It involves using the Internet to link borrowers and lenders for loans of relatively small amounts of money, usually up to about $35,000, at competitive rates and for short terms. Investors receive good rates of return, and small businesses and individuals get access to the money they require to take advantage of business opportunities.

It works like this: borrowers provide their credit information, the purpose of the loan, and the amount they require in an application process. Investors evaluate the company’s credit worthiness and, if they suspect a good bet, they provide some part of the amount required. For some small loans, the investment could be as little as $25. Once the amount requested is met, the loan is granted and then paid back just like a traditional loan. The interest rates are set by the peer-to-peer lending service.

The model is appealing because the interest rates are competitive with, and often lower than, traditional banks, and returns run between 5 and 15 percent — better than many investment opportunities available today.  (This blogger, something of a peer-to-peer lending skeptic, prepared an interesting table of averages for peer-to-peer lending that is worth a look.)

The practice is still small, but growing. It’s expected that by 2016, peer-to-peer lenders in the U.S. alone will originate $20 billion in loans each year, according to Jason Jones, an organizer of the LendIt Conference and partner at New York-based Disruption Credit, an investment firm that specializes in online lending. Ron Suber, head of global institutional sales at Prosper, told IMT that the peer-to-peer model is popular with individuals looking to consolidate debt from high-interest vehicles.

“Since January, loan originations on Prosper have more than tripled from nine million to more than 30 million per month,” he said. “We are also seeing a sharp increase in borrowers as more people look to re-finance high interest rate credit card debt with a low-interest, fixed-rate, fixed term loan.”

While LendingTree offers loans to both individuals and small businesses, and Prosper offer loans only to individuals, other services such as Dealstruck focus exclusively on the small business market. Dealstruck brokers loans between $100,000 to $1 million for two- to five-year terms and with interest rates between 5 and 15 percent.

The benefits of peer-to-peer lending are obvious. Many of the services that offer this type of lending have no brick-and-mortar bank branches, which keeps operating costs and interest rates low. Borrowers and lenders do a lot of the administrative work online.

“It is a more direct funding process between the investors and the borrowers,” Lending Club’s CEO Renaud Laplanche told NPR. “There’s no branch network. Everything happens online and it is really powered by technology and the Internet. And we use technology to lower cost.”

This isn’t to say it’s risk-free. In its earliest days, the default rate of peer-to-peer lending hovered at about 17 percent —  a figure that could give an investor second thoughts. Today, companies like LeandingClub use algorithms to screen borrowers for risk based on a number of factors such as credit, income, and industry averages. The algorithm weeds out about 90 percent of prospective borrowers. As a result, default rates have fallen to between 2 and 10 percent.

Peer-to-peer loans aren’t government guaranteed, so it’s possible that their penetration will be limited. That said, however, the practice is attracting big names. Earlier this year, Google invested $125 million in Lending Club, which last year facilitated about $800 million in loans and says it’s planning to loan about $2 billion this year. The company is likely to attract bigger investors and greater confidence thanks to Eaglewood Capital, which provides the securitization for Lending Club’s loans.

The New York Times notes that this securitization may be a crucial development for peer-to-peer lending because it might allow a wider array of investors to buy such loans. Many companies’ internal regulations might prohibit them from involvement in peer-to-peer loans without securitization.

Suber told IMT that it’s about maintaining balance.

“Our goal in underwriting is to keep the marketplace in balance – we want to provide value to both borrowers and lenders,” he said. “The flexibility of our credit model allows us to systematically adjust rates over time to keep this balance. We also price risk at an individual level based on individual credit attributes, providing borrowers a custom rate to meet their needs.”

Smart lenders have been able to greatly reduce risk by spreading out loans across a number of investors, attaining the right mix of high-risk, high-reward loans with more conservative loans that balance out the risk. And by lending only to companies and individuals with very good credit, the peer-to-peer model can rival many other types of investing.

IRAcheckbook Enables American Pilots to Stay on Course with their Finances through Self-Directed Plans

According to IRA Checkbook, as the American Airlines/US Airways merger runs into obstacles, pilots who have transferred their B-fund over to self-directed IRAcheckbook plans have one less worry. The success of the program is driving more pilots to consider going the self-directed route.

Despite the recent DOJ action, the American Airlines/US Airways merger continues to move forward according to’s article published on 9/23/13 and the AA pilots have one less worry now that their B-fund retirement has been transferred. Many elected self-directed IRAcheckbook plans and their success is now driving more pilots by referral to consider going the self-directed route.

IRAcheckbook, a Self-Directed Facilitator, is a company located in Charleston, SC which is also the home of Boeing’s new 787 Dreamliner manufacturing facility. “It’s a small world when you think that we have established plans for the Boeing employee tasked with building the 787 Dreamliner and the future American pilots who will fly it”, says Jeff Beall, Managing Director of IRAcheckbook. American Airlines’ pilots were forced to transfer or cash out of their retirement “B-fund” due to the recent bankruptcy filing. A large number chose to go the self-directed route. “We’re pleased with the work we’ve done for these investors”, Jeff announces, “Their success is our success.”

Many professionals are not aware of all the options available for their retirement portfolio. Most retirement investors believe they must hire someone to manage their funds. A self-directed IRA allows the investor to have full control over their own funds, thereby allowing them to make investments at will. A self-directed IRA offers a way to diversify the portfolio and pay dividends even in a down market. Investments may be traditional assets like stocks, bonds, mutual funds; but the real advantage is the potential in alternative assets like real estate, precious metals, private money lending and other permissible self-directed IRA ventures. IRA rules allow greater flexibility for the individual investor than most think. Investors can have multiple IRAs, therefore, a self-directed IRA needs to be considered as part of the overall retirement plan.

IRAcheckbook is pleased to announce the success of the B-fund transfer for American Airlines. Since the termination of the B-fund last November, American Airlines pilots have been forced to find a new way to secure their retirement. Given the option of either rolling their money into a new plan, like a traditional IRA or checkbook IRA, or cashing out completely, many of the pilots chose to become their own wealth advocate. The self-directed platform is well suited for those aiming to have full control over their retirement. A checkbook IRA is easy to navigate and aids investors immensely in positioning funds for emerging opportunities; thus ensuring a more diversified portfolio while enabling them to take advantage of future economic growth. “We have found that professionals with IRAs are eager to learn all the options they are entitled to for investing”, says Jeff, “More than anything else, our company and affiliates provide educational opportunities to demonstrate the simplicity of self-directed retirement plans. It is our hope that everyone with retirement funds will eventually take advantage of all their options and shake free of the status quo”.

Although not for everyone, savvy investors have known since 1974 what a powerful tool a self-directed IRA can be. The checkbook IRA gives knowledgeable investors the opportunity to make investments when and where they see fit. For example, an IRAcheckbook Plan can be invested directly into real estate. All income collected on rent is tax-deferred or tax-free depending on the type of IRA, as is all the appreciation.

“Bottom line, with our IRAcheckbook Plan, the customer has greater flexibility and control for investing. With greater flexibility and control, comes greater opportunity.” Jeff concludes, “We always look forward to the conversation. Each customer is important to us and we get great satisfaction enabling them to become better investors.”

About IRA Checkbook:

IRAcheckbook is a Self-Directed Facilitator of self-directed retirement plans. Our IRAcheckbook Plan gives the customer “checkbook control” over all or a portion of their IRA in order to make investments in assets like real estate, precious metals, private money loans, businesses, tax liens, etc.