IT’S YOUR IRA.  MAKE IT WORK HARDER FOR YOU

You may have seen this acronym before: IRA – LLC

It also goes by the acronym ICO Account.

Confused? We don't blame you. But don't despair because we'll simplify the lingo. That's part of our job here at IRA Heaven. And it's what we do best, among other things.

In its most minimalist definition, an IRA-LLC or ICO is a company with limited liability. If a limited liability company is doing very well in terms of business volume and revenue generation, you, as an IRA account holder can own an LLC 100% or in part. To do this, however, you'll need to convert your IRA into a self-directed IRA.

What's the nit and grit here, you ask. There's really no puzzle to solve. Because you've converted your IRA (Roth, Keogh, SEP) into a self-directed IRA, you can achieve total or partial ownership of a limited liability company by moving the funds into an IRA-LLC from your self-directed IRA, acquiring the relevant number of shares within the LLC. You can then use these funds to start your investment adventure – especially if you want to foray into more non-traditional methods of wealth-building.

When regular funds are channeled into the ICO, the holder receives units or shares. When the preliminary transfer is executed, both traditional and non-traditional ways of investing can be undertaken.

What benefits accrue to IRA-LLC account holders?

• Funds from an IRA-LLC can be used as a down payment for a real estate property (this cannot be done with a traditional IRA),

• Even if funds are taken out of the IRA-LLC for investment purposes, the IRA-LLC does not get substantially depleted because both the income and the tax on investments are deferred. This means that the IRA-LLC benefits from continued savings and earnings,

• While custodians and trustees do not encourage ownership of investments using funds from a regular IRA, self-directed IRA funds transferred to an IRA-LLC constitutes the only legal means to bypass this stringent requirement,

• Capital gains made through an IRA-LLC are also deferred. These deferments are similar to those gains in other types of IRAs, but an IRA-LLC eliminates the administrative burden of exchanges needed to achieve specific investment goals,

• The IRA-LLC can invest in several kinds of opportunities, and not just in real estate. These investments could be in the form of security notes, franchises, oil and gas leases, etc. Whatever type of investment is chosen, the account holder retains total control over not only the management of the investment but also full checkbook control, MINUS interference from the custodian or trustee,

• Given the full control rights of the account holder, custodial fees are kept at a minimum. IRA HEAVEN has put a cap on annual charges at $190 per annum,

• An added bonus – investments are protected against potential drastic risks related to real estate and other investment opportunities.

IRA Heaven can provide more information. Call us and we'll offer our assistance on the fundamentals or on those specific points you've been wondering about for so long.

Want to know more on how your IRA can generate more income for you and your loved ones? You've come to the right people.

Contact: IRA HEAVEN