SDIRA with checkbook control

[Jason Brooks]

I was thinking about moving my current IRA that I use to invest in stocks and move it over to a SDIRA with checkbook control so I could invest in real estate instead. I did hear that if I plan on moving out of the state then it would be better to setup a trust instead. Can anyone elaborate on that statement , and is there any work arounds for this situation?

[Brian Eastman]

@Jason Brooks

An IRA can be constructed to provide checkbook control either with an IRA owned LLC or an IRA owned Trust. Both are effective means to give you full control and flexibility.

There is no one answer as to the right structure for your needs.  Your investment interest, the location of investment property, whether the entity will directly own property or invest in real estate partnerships... lots of variables.

Not all plan providers offer both vehicles, so seek out a few that do and chat with them.  A good advisor will be able to explain what will work best for your specific situation and why.