Checkbook IRAs

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Updated August 13, 2015

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Checkbook IRAs

December 23rd, 2014, 04:11 PM

#1 (permalink)

Big Mike

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Does anyone have any direct experience with so called "Checkbook IRA's"?

One of the attorneys I spoke with recently regarding restructuring my assets suggested moving my IRA's into an off-shore LLC (say, Belize) into what is called a "checkbook IRA". That IRA then would have the ability to invest in certificates of deposits, for example, as well as real estate, or equities.

Mike

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December 23rd, 2014, 04:33 PM

#3 (permalink)

Big Mike

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I should point out the offshore component is not required, just part of my particular plans.

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December 23rd, 2014, 07:52 PM

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cory

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don't IB offers IRA account too?

Quoting

What can I invest in?
Stocks, covered call writing (covered shares are restricted), buying calls (funds equal to the aggregate exercise value of the long calls are restricted), and buying puts (shares subject to exercise are restricted), selling cash secured puts, spreads securities with European style expiration, long/short futures contracts, and long/short futures options (all combinations). The IB IRA is structured as a Stock Cash Account (if you choose to trade only stocks) or as a Stock Options Level I Account (if you choose to trade options in your IRA). IRAs may also invest in US dollar denominated futures contracts, and future option contracts.

if you have something more complicate in mind, maybe you want to ask Mr Green | Robert T. Green, CPA PC

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August 13th, 2015, 03:06 PM	#5 (permalink)
steven1800 Jersey City + BJ / USA Posts: 2 since Jun 2015 Thanks Given: 0 Thanks Received: 1	Could you share your experience about CheckBook IRA, what custodian company do you use and what is general cost ?

Last Updated on August 13, 2015

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