Wednesday 25 January 2012

self directed ira

Individual Retirement Account better known as IRA is a self directed ownership of LLC which is now referred to as ICO (IRA Company) It is a Company which is fully or partially owned by an IRA holder. Since the self directed ira owns the company, the funds can be legally transferred to the company in exchange of shares owned by the members to the ICO which can be purchased by the ICO rather than the IRA for both traditional and non traditional investments. The benefits of self directed IRA is that an ICO permits an IRA checkbook control over real estate and other non traditional investments.

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