Directed IRA Podcast
Ep.102 How to Best Use an IRA LLC
Jun 12, 2023
Mat Sorensen, leading authority on Self-Directed IRA, shares insights on using an IRA LLC structure to build a mega IRA account. Topics include setting up the perfect structure to partner your IRA, benefits and frustrations with traditional custodians, the process of setting up an IRA LLC, fees and benefits of using a Directed IRA, and advantages of using an IRA LLC for investing in real estate, cryptocurrency, and unique assets like cattle and race horses.
25:35
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Quick takeaways
- Investing in an IRA LLC allows individuals to have more control over their retirement account investments, particularly for hands-on and active management strategies such as real estate.
- Setting up and operating an IRA LLC requires compliance with prohibited transaction rules, proper structure, and potentially working with a qualified law firm to ensure legality and adherence to custodian requirements.
Deep dives
The Benefits and Uses of an IRA LLC
An IRA LLC, or Individual Retirement Account Limited Liability Company, allows individuals to have more control over how their retirement account investments are made. The LLC structure is particularly beneficial for investments that require active management, deal-making, and transactional processes. This includes investing in real estate, flipping properties, private money lending, investing in specific funds, or assets that demand hands-on involvement. The LLC provides flexibility, ease of managing rentals, paying expenses, and making transactions, making it a preferred choice for individuals with a more entrepreneurial and proactive investment approach.
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