Frequently Asked Questions
Do I need a Self Directed IRA LLC?
How much time does it take to implement this strategy?
Must I form my LLC in my state of residence?
What type of retirement accounts can I move into a Self Directed IRA LLC?
Must I have a custodian for my IRA?
Will my custodian assist me in setting up an IRA LLC?
Can I co-invest with the IRA of my spouse or other investors?
In addition to real estate what investments can my IRA purchase?
Closely-held stocks, Private Limited Partnerships, Limited Liability Companies, Real estate including Tenants in Common, Debt financed or leveraged real estate, International Real Estate, Tax Lien Certificates, Promissory notes or Corporate Debt Offerings, Trust Deeds, Mortgages, Managed commodity trading accounts, Mutual funds in any mutual fund family, Stocks and Bonds in a brokerage account, Annuities, Public Limited Partnerships, Direct participation programs , REITs, Treasuries, Bank CDs, U.S. Treasury coins or bullion. See Prohibited IRA Transactions
Can my LLC borrow funds to finance a real estate purchase?
Can I still invest in stocks,bonds and mutual funds?
Can my LLC invest in other countries?
Yes, there are a lot of investment opportunities outside the country that are now available to you including buying international real estate.
Can my LLC make loans with its funds?
Can I buy vacation property?
Can my LLC purchase real estate I already own?
Is this a new law?
How do I know this is legal?
You can also see Section 408 of the Internal Revenue Code. Also see Swanson vs. Commissioner
Can I do this myself?
For the past 28 years I had my entire retirement savings invested in the stock market. As you can imagine, throughout those years, I watched my retirement’s net worth fluctuate through huge swings between gains and losses. Obviously the gains caused joy in my household but the losses brought frustration and worry. In either case, no matter how well, or how badly, my retirement portfolio performed, I constantly felt an uncomfortable sense of insecurity. I always worried that my losses would out-number my gains or that inflation would depreciate my savings to a level that would be insufficient to last throughout my lifetime. For me, the uncertainty of the stock market caused too much stress in my life.
Finally, I spoke to a friend who recommended that I take matters into my own hands and convert my retirement account into a Self-Directed IRA. He explained that, instead of riding the turbulent waters of an unpredictable sea of stock market reactions, I could invest in assets with more stable returns. The assets can be in a variety of forms such as: real estate, private business, gold, loans, etc, etc.
I decided to follow my friend’s advice but I didn’t know how to set up a Self-directed IRA. Fortunately, I logged on to the Internet and found a wonderful company called “Self Directed IRA LLC”. I spoke to Tom Walker who was very knowledgeable, professional and courteous. He explained the process for transferring my retirement funds from a stockbroker account to a Self-Directed IRA account. He also explained all the steps required to guarantee that there would be no negative tax consequences. I was amazed at how simple it was to accomplish. Tom made the whole process extremely easy. He set up a Limited Liability Company in my name; took care of all the paperwork; set up IRS-approved accounts; led me step-by-step through the entire procedure, and even filed the required State agency forms for my LLC.
I now have stable assets in my own-self directed IRA that are out-performing the stock market. I was able to purchase the assets with tax-deferred funds and I am sleeping much better at night. I highly recommend Tom Walker and “Self Directed IRA LLC” to anyone who is considering a Self-Directed IRA. You will enjoy doing business with Tom and his company.