Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account
Speak with a Broad specialist:
(800) 395-5200Schedule a CallOpen an Account

December 18, 2023

What Is a Checkbook IRA? Invest with the Power of Checkbook Control

Are you looking to manage your alternative investments in real-time? With Broad Financial’s Self-Directed Checkbook IRA, you can gain control of your investing! Our Checkbook IRA gives you the power of Checkbook Control.

You May Be Wondering, What Is Checkbook Control?

Checkbook Control gives you the freedom to invest directly in alternative assets without the need for a custodian for everyday transactions. When you open a Checkbook IRA, you’ll first set up a Self-Directed IRA with our sister company, Madison Trust.

Once the Self-Directed IRA is established, transfer or rollover funds from a previous retirement account or complete an initial contribution. Madison Trust will be there to guide you through the account setup process and maintain your IRA.

Then, Broad Financial will supercharge your Self-Directed IRA by setting up an IRS-compliant Trust or LLC. Once the LLC is established, you’ll set up a dedicated checking account at the bank of your choice in the name of the LLC.

Next, Madison Trust will transfer the funds from your Self-Directed IRA, to your LLC checking account.

Finally, you’ll have the ability to invest in what you want, when you want by writing a check or sending a wire!

Our Checkbook IRA gives you the 3 C’s:

You’re in direct control of all your investment decisions.

You save money by avoiding transaction fees. That’s more money in your pocket to invest!

You have the freedom to invest in different types of assets.

Broad Offers Two Checkbook Control IRAs: The IRA LLC and the IRA Trust

An IRA LLC is a Self-Directed Checkbook IRA that offers multi-member investing, and superior liability protection. An IRA Trust is also a Self-Directed Checkbook IRA that has no state fees or reporting requirements.

Not sure which account is best for you? We’ve got you covered.

One of our friendly and knowledgeable Self-Directed Specialists will be happy to guide you to see which Checkbook IRA is best for your investment. It’s time for you to gain control of your investment ideas with Broad’s Checkbook IRA!


Disclaimer: Broad Financial LLC does not provide legal, tax, or investment advice. Please consult with your tax or legal advisor before making investment decisions. 

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