A traditional IRA does not offer as many benefits as an IRA LLC. This is not something that you will be told by a broker for a traditional IRA. Instead you will be hoodwinked into believing that all the restrictions associated with the traditional IRA affect all other types of retirement accounts. This is far from the truth. For instance, with an IRA LLC, you do not have to ask a custodian to approve of every investment youre thinking of making, nor do you have to pay a fee for every transaction that has to be approved.
Instead of relying on a custodian to tell you what to do with your money–namely, where to invest your funds and how to grow your money–you can enjoy an IRAs limited liability protection of all your assets while exercising the freedom to follow your own years of experience when it comes to making sound investments in markets that you have familiarity with.
In essence, an IRA LLC, gives you checkbook control. What this means is that you can write a check for an investment without any red tape to slow you down. Imagine the advantage of this when it comes to swooping in on a time-sensitive real estate deal on a foreclosure?
An IRA LLC, also called a truly self directed IRA, gives you the freedom to grow your nest egg. You are not confined to the securities and financial instruments approved of by your traditional IRA custodian.
So what can you do with an IRA LLC?
If your expertise is in real estate, here are a few things you can invest in:
foreign real estate
mortgages
REITS
foreclosures
raw land
private property
commercial property
Of course, this is by no means an exhaustive list, but only a sample of the opportunities available to you.
Apart from real estate, there is a whole world of financial markets that you are also free to invest in, as well as all kinds of financial instruments.
