Your current retirement account can be moved to a self-directed custodian who allows alternative investment vehicles that pass their compliance and IRS scrutiny. To do this, it is highly advised you utilize an expert with experience in setting up and customizing your Self Directed IRA. So here’s the simple step-by-step approach:
- Your retirement account is moved to a self-directed custodian.
- A legal and accounting team creates a customized LLC and submits to the custodian.
- You open a business checking account for the Self Directed IRA
- You submit an authorization form to the custodian instructing them to fund your new bank account.
Once this is done you will have absolute control over your new self directed and you can direct your investing efforts. This could be in the form of business seed capital, real estate investing, tax lien certificates, and the traditional stocks, bonds, and mutual funds.
