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Checkbook Control

Using a Self-Directed IRA for Checkbook Control

Be your own record-keeper. Checkbook Control allows for instant access of your retirement funds.

Some IRA investors prefer to establish a stand-alone LLC (checkbook control) with the ownership to be funded by the IRA. Drafted by a tax professional, the operating agreement provides the named manager the ability to open a bank account and make investments that are titled in the name of the LLC. It is the responsibility of the IRA accountholder to determine the legality of the structure and to ensure that investments are not contrary to the IRS and Department of Labor guidelines.

The IRA Purchase Process

  1. Set Up and fund a self-directed account with NuView Trust
  2. Identify an investment
  3. Submit a Purchase Authorization packet to NuView

Prohibited Investments & Transactions

Tax Deeds & Liens

Using a Self-Directed IRA to Invest in Tax Liens

Property taxes continue to grow in thousands of counties across the country. In order to fund the necessary county services, many states collect delinquent property taxes through tax lien and tax deed auctions. Each state holds these auctions a bit differently, but in all cases these tax deeds or tax liens can be purchased within a self-directed IRA.

Tax Liens

Instead of selling the actual property, the governmental entity sells a lien on the property. The lien is generally for the amount of delinquent taxes, accrued interest, and costs associated with the sale. These sales differ from state to state. For example, in Florida the tax liens are auctioned off, starting at a rate of 18% then lowering with each subsequent bid.

Tax Deeds

The property itself is sold, often at the rate of the property taxes owed plus costs and interest. There may be a provision in the state law for a redemption period after the sale should the property owner wish to exercise such an option.

Buying Tax Deeds Within an IRA

  1. Set Up and fund a self-directed account with NuView Trust
  2. Identify the tax deed or lien and whether to invest via live auction or lone
  3. Inform NuView and our specialist will assist your through the purchase process

Precious Metals

Using a Self-Directed IRA to Invest in Precious Metals

Whether the purchase of precious metals is for defensive reasons, or simply for appreciation, holding the asset inside an IRA will protect the gains against taxation. If the metals are held within a Roth IRA, the gains could be tax free. Additionally, some investors claim precious metals could protect other IRA holdings from value swings based on currency values or other deterioration of economic conditions. Gold, Silver, Platinum, and Palladium are also easy to value and are very liquid, providing quick assessment and distribution when needed.

As a self-directed IRA administrator, NuView Trust will send the funds to the dealer along with a packing slip for the depository. The metals will be shipped directly to the depository and you will be notified via email upon their arrival.

Types of Precious Metals an IRA can Hold

  • Gold
  • Silver
  • Platinum
  • Palladium

Buying Precious Metals within an IRA

  1. Set Up and fund a self-directed account with NuView Trust
  2. Identify the precious metals dealer the IRA will buy from and determine the metals to be purchased
  3. Submit a Purchase Authorization and an invoice from the metals dealer to NuView

Take Control of Your Financial Future!