Self-directed Checkbook IRA LLC FAQ – How can I invest my Fidelity IRA in alternative investments?

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The solo 401k plan, commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below:

-The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older).

-The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions.

-401k participant loans of up to $50,000

-Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments.

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If you have a Fidelity IRA and are looking to invest in alternative assets, you may be interested in a Self-directed Checkbook IRA LLC.

What is a Self-directed Checkbook IRA LLC?

A Self-directed Checkbook IRA LLC is a method for investing in alternative assets using your IRA funds. With this structure, you create a limited liability company (LLC) and your IRA owns the shares in the LLC. You act as the manager of the LLC and have the ability to write checks or make wire transfers from the LLC’s bank account to invest in alternative assets.

What are the benefits of a Self-directed Checkbook IRA LLC?

One of the main benefits of a Self-directed Checkbook IRA LLC is that it allows you to have a higher level of control over your IRA investments. Rather than relying on a custodian to approve and execute investments, you can make decisions quickly and without delays.

Additionally, a Checkbook IRA LLC allows you to invest in a wider range of assets. With a traditional IRA, you are typically limited to stocks, bonds, mutual funds, and other traditional investments. But with a Self-directed Checkbook IRA LLC, you can invest in real estate, private equity, and other alternative assets.

How can I invest my Fidelity IRA in alternative investments with a Self-directed Checkbook IRA LLC?

To get started with a Self-directed Checkbook IRA LLC, you will need to set up an LLC and transfer your IRA funds to the LLC’s bank account. Fidelity can help you with this process.

Once your LLC is set up, you can start exploring alternative investment opportunities. Some popular options include:

– Real estate: You can invest in rental properties or real estate funds.
– Private equity: Invest in privately held companies or funds that invest in private companies.
– Precious metals: Gold and other precious metals can be a hedge against inflation.
– Cryptocurrency: Bitcoin and other digital currencies have become increasingly popular in recent years.

It’s important to note that with any investment, there is risk involved, so it’s important to do thorough research and due diligence before investing with your Self-directed Checkbook IRA LLC.

In conclusion, a Self-directed Checkbook IRA LLC can be a powerful tool for those looking to invest in alternative assets. With greater control and a wider range of options, it’s worth considering if you’re looking to diversify your Fidelity IRA investments.