As I've posted before I'm currently invested ~90% equities with my IRA monies. A good portion of non-IRA money is invested in real estate (trust deeds). I would like to diversify a portion of my IRA money into trust deeds and there are a couple of companies (they work together) who claim to have the ability to make that happen by setting up a LLC enabling you to move your IRA monies into the LLC then giving you "checkbook access" to invest in (mostly) what you'd like. Below is a summary of their pitch. I'm skeptical ... but interested. Anyone have any experience with this?
THE GIST OF IT
We are two companies - under one roof - making magic happen.
Broad Financial
Sells a legal product [which is] built into an LLC.
This "LLC" is established using your home address and includes our proprietary legal framework.
That is in essence - our product.
Madison Trust Co (MTC)
You will establish and fund a new IRA with our charted, licensed custodian MTC. MTC will than turn around and "invest" those funds on your behalf into an asset - an LLC.
This LLC is already in your hands and, once funded, it (the LLC) exists as the sole asset in your IRA account.
Voilà! Your IRA funds are now under your direct and autonomous control (inside the LLC that you purchased) while their tax-sheltered status remains intact through the custodian.
THE GIST OF IT
We are two companies - under one roof - making magic happen.
Broad Financial
Sells a legal product [which is] built into an LLC.
This "LLC" is established using your home address and includes our proprietary legal framework.
That is in essence - our product.
Madison Trust Co (MTC)
You will establish and fund a new IRA with our charted, licensed custodian MTC. MTC will than turn around and "invest" those funds on your behalf into an asset - an LLC.
This LLC is already in your hands and, once funded, it (the LLC) exists as the sole asset in your IRA account.
Voilà! Your IRA funds are now under your direct and autonomous control (inside the LLC that you purchased) while their tax-sheltered status remains intact through the custodian.