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Home > Blog > The 3 Major Advantages of Checkbook Control

The 3 Major Advantages of Checkbook Control

First Off, What is Checkbook Control?

"Checkbook Control" is the term given to two particular types of Self-Directed retirement accounts: A Self-Directed IRA LLC (i.e. a Checkbook IRA) and a Self-Directed Solo 401(k). This is because having either of these two accounts gives you control over your retirement money as if it were a checking account (more on that below). Broad Financial is the industry leader among facilitators of IRA LLCs and among Solo 401(k) providers.

Checkbook Control gives your Self-Directed IRA or Self-Directed Solo 401(k) three major advantages which will help maximize the safety and growth of your retirement funds:

1. Investment Freedom

You don’t have to be stuck on Wall Street. When you have a Checkbook IRA or Self-Directed 401k Checkbook Control, you will be able to invest in almost any asset. Real estate, private business, and precious metals are just some of the popular alternatives. With Checkbook Control, there are no authorization hassles, no prohibitive guidelines, and no bureaucratic interference. You choose the investments that make sense to you.

2. Real Time Investing

Another great feature of Checkbook Control is Real Time Investing. This means that you can place investments instantaneously just by writing a check or using a debit card. You don’t have to fill out any forms or wait for a custodian to process your order. Your IRA or Solo 401k purchases and sells assets through the power of the checkbook alone. This puts you in firm control of your retirement funds. You get to decide the exact timing for all of your investments.

3. The Economic Advantage

Feeling the pinch of exorbitant asset fees? Are you sick of being nickel-and-dimed to death every time you make a transaction? With Checkbook Control, your Self-Directed IRA or Solo 401k escapes the grind of constant intrusive fees. With one low annual fee, you receive unlimited control for your retirement funds. Direct your money the way you want without having to worry about administrative costs.

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