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Checkbook IRAs

  #1 (permalink)
 
Big Mike's Avatar
 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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  #3 (permalink)
 
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 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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  #4 (permalink)
 
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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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  #5 (permalink)
steven1800
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Could you share your experience about CheckBook IRA, what custodian company do you use and what is general cost ?

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Last Updated on August 13, 2015


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