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

December 4, 2023

Why Choose Broad Financial for Your Checkbook IRA?

Key Points 

  • A Checkbook IRA provides greater control, cost savings, and investment choice within your Self-Directed IRA, allowing you to act quickly on investment decisions.
  • Broad Financial, an industry-leading IRA LLC Facilitator, streamlines the process of setting up a Checkbook IRA as a one-stop shop for comprehensive support.
  • Starting your journey toward checkbook control and alternative investments is easy; simply schedule a free discovery call with Broad Financial's expert team to get started.
Closeup of businessman hand writing and signing checkbook for his ira

Individual Retirement Accounts (IRAs) have long been a popular choice for retirement investing. Standard IRAs, however, are just the start of what’s possible with a retirement account. A Self-Directed IRA (SDIRA) functions similarly to a standard IRA. The key difference is that an SDIRA allows you to invest beyond Wall Street in alternative assets such as real estate, private businesses, cryptocurrency, and more. You can also take this freedom a step further with a type of Self-Directed IRA called a Checkbook IRA.

If you’ve been considering opening a Self-Directed IRA, you might also be interested in gaining checkbook control of that SDIRA to turn it into a Checkbook IRA. Here’s what you need to know.

Checkbook IRA Investors using their checkbook control capabilities to purchase real estate with their Self-Directed IRA.

A Self-Directed IRA takes the  tax-advantaged benefits of a standard IRA and supercharges them with more investment freedom and flexibility. As previously mentioned, the distinguishing feature that differentiates SDIRAs from standard IRAs is the opportunity to invest in alternative assets.

When placing investment transactions through a classic Self-Directed IRA, you will instruct your Self-Directed IRA custodian to execute the transactions on your behalf. If your investments are relatively transaction-heavy, such as rental properties, you may benefit from checkbook control.

To grant you checkbook control of your Self-Directed IRA, Broad Financial will assist you in setting up an IRS-compliant IRA LLC or Trust, followed by a dedicated checking account for your IRA. Just like that, you have the ability to write checks and send wires for your everyday investment transactions from Checkbook IRA’s checking account. Picture having the power to act on investment decisions in real-time while enjoying tax-advantaged growth of your retirement funds. With Broad Financial’s Checkbook IRA, you gain:

  • Control: True to its name, checkbook control puts you in the driver's seat of your retirement investments. You no longer need to wait for your custodian to process your everyday transactions. This allows you to potentially capitalize on timely market opportunities.
  • Cut Costs: Classic SDIRAs often come with transaction fees for each investment. These fees can add up, especially if your investments require many transactions. With checkbook control, you can bypass these transaction fees.
  • Choice: A Checkbook IRA allows you to diversify your retirement portfolio more extensively. You can explore a broader range of alternative investments that align with your retirement goals and interests. This flexibility can help spread risk and potentially enhance long-term returns.
The 3 C's of Checkbook Control Infographic: (1) Control: YOU control all of your investment decisions. (2) Cut Costs: YOU save money by avoiding transaction fees. (3) Choice: YOU have the freedom to invest in different types of assets.
broad financial employee looking out the window

Broad Financial is an industry-leading IRA Facilitator that sets investors up with Checkbook IRAs. We have over 20,000 clients in all 50 states and thousands of five-star online reviews showcasing our stellar client support.

Broad Financial was established in 2009 and built its reputation as an industry-leading IRA LLC Facilitator. On that success, we launched our sister company, Madison Trust, in 2014 to serve as our in-house Self-Directed IRA custodian. Between both companies, you will have a streamlined process for opening and maintaining a Checkbook IRA. Madison Trust is your SDIRA custodian, and Broad Financial upgrades your SDIRA to grant you checkbook control.

Our one-stop shop simplifies the entire checkbook control investing process, ensuring comprehensive support at any step. Over the years, we’ve earned a superb reputation through our relentless commitment to client satisfaction, resulting in an A+ BBB rating. Our Broad Financial specialists are passionate about helping investors navigate the world of Checkbook IRAs.

Who Is Broad Financial Infographic: Industry-Leading IRA Facilitator - Establishes IRA LLC/IRA Trust for investors’ Checkbook IRAs, One-stop-shop with simplified checkbook control investing process, Madison Trust Company is our sister company and in-house Self-Directed IRA custodian, 20,000+ Clients, Clients in all 50 States, 1,000+ 5-Star Online Reviews, A+ BBB rating, 14+ Years in Business (Established in 2009)

Now that you understand the power of checkbook control and the benefits of Broad Financial’s Checkbook IRA, you might be wondering how to take the next step. Getting started is simple: schedule a free discovery call with our team. This initial conversation is an opportunity to connect with experts who are passionate about helping you pursue your retirement goals. It's not just a consultation; it's the beginning of an exciting and empowering retirement investing journey. Schedule your free discovery call today!

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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