There are three layers to your RD Self-Directed IRA. An IRA retirement account, a RD LLC, and then an LLC bank account.
The three layers of your account will be...
- An IRA, which will serve as a wrapper to hold tax-advantaged retirement dollars (Traditional or Roth) held at our custody partner.
- An LLC, which will be titled with your first name initial and last name unless otherwise requested. (FLAST RD LLC)
- An LLC bank account, which will allow you to transact with checkbook actions and with a debit card similar to a business LLC bank account. All monies and investments here must remain separate from personal assets, and be for the purpose of your IRA. You will use and make all transactions with our preferred bank partner.
How does this structure help me gain checkbook control?
When you have an LLC and LLC bank account holding the assets in your account, you have taken the custodian out of the deal review process.
Your LLC bank account can be directed at any public or private compliant investment you wish to target, and you are not constrained by a menu of funds, or a deal approval process with the custodian. The deal approval process can often reject certain investments because they are a hassle for the custodian, not because they are prohibited by the IRS.
For more on the benefits of the IRA and LLC structure, click here.