Episode 14: Why a Checkbook IRA could be the answer for your retirement account!
Today, I'd like to share with you a secret that could revolutionize the way you manage your retirement accounts. Are you tired of the limitations imposed by traditional IRAs? Do you feel frustrated by the lack of control over your investments? If so, it's time to learn about the Checkbook IRA. This week on the Cash Flow Hacks podcast, Stephanie and I discussed everything you need to know about Checkbook IRAs and how they can give you unparalleled control over your retirement funds. In essence, a Checkbook IRA is a combination of a Self-Directed IRA owning an LLC, with you being the manager. The LLC invests, giving you immediate control over all investment decisions. This strategy can be particularly advantageous for real estate investors, tax lien buyers, and those who want to diversify their investment portfolio beyond traditional stocks and bonds. Imagine being able to make instant investment decisions, manage real estate holdings, and save thousands of dollars each year in fees! With a Checkbook IRA, you can invest in what you know best and achieve greater financial independence. Join Stephanie and me as we share the strategies that your financial advisor doesn’t want you to know. The less you know, the more they make - and we want you to flip that script! Don't forget to leave us a 5-star review on Apple Podcasts and join our Facebook group, Cash Flow Hacks, for more insightful discussions. And if you have any questions or want to know more about a specific topic, feel free to ask in the reviews or message us on our Facebook page, CQ Consulting Services Inc.