Checkbook IRA Scam? LLC, Reviews Problems – Self Directed Custodian
IMPORTANT: If it is your first time investing in a precious metals IRA the please read this important information before proceeding.
Check Book IRA LLC Reviews
If you’re wondering if Check Book IRA, LLC is a scam or has any problems then please read on. They’re services include setting up a self-directed IRA with physical precious metals, IRA LLCs, as well as a solo 401(k). Now on to the Check Book IRA LLC reviews.
They have a couple of different services which include rolling over funds in a 401(k) into an IRA by investing in precious metals or setting up a Limited Liability Company. With your self-directed IRA, being the sole owner for protection and tax benefits you can be in control of many different investments including real estate, foreign currency, and other asset classes.
What is a Checkbook IRA
There seems to be some confusion with this company name. Actually a checkbook IRA is a type of management style that basically means self-directed IRA. The owner is responsible for all the decisions made including the planning and investing of funds.
It might viewed as a clever marketing tactic to name the company this way, because if someone who doesn’t know a lot about the subject lands on their site after searching online, they might think that this is the only company that does checkbook IRAs. However, this is obviously not the case.
They do have a lot of quality information on their site and even a Checkbook IRA University section that helps educate clients. They do not have many reviews and ratings online which is odd given that with most companies you’re able to find a plethora of information about them online.
Check Book IRA LLC Complaints & Ratings
This company located in Redmond, Oregon has been in business since 2005 according to the BBB and is listed as a retirement services provider that specializes in IRA LLC and solo 401(k) structured plans.
As of December, 2018:
- 0 customer complaints and 0 customer reviews
- Accredited since April, 2006
- A+ rating
They are definitely not a scam, however we find it interesting that in all this time, over 10 years, there is not one bit of information positive or negative on one of the biggest consumer watchdog sites, such as the BBB.
While there wasn’t much information to find online regarding this company, they have been awarded with an A+ rating from the Better Business Bureau and have not had any complaints in the last 3 years with this agency. There are no known significant government actions against Check Book IRA, LLC either.
There are no reports of wrongdoing on Ripoff Report.
No information found.
No company listing found.
Checkbook IRA Scam
We were not able to locate a Check Book IRA scam. Not finding much information online at all about a certain company in this day and age is strange and may give some people pause. Like we mentioned above, just to reiterate…when looking at the way they have chosen to word their company name could be viewed as being misleading. Check Book IRA is similar to the phrase “checkbook ira” which is a type of way to manage an IRA, otherwise called a Self Directed IRA.
Now this by no means makes them a scam, but naming this company after commonly used slang for a self directed IRA could be confusing to some. If you happen to be less knowledgeable about the term ‘checkbook ira’ and end up on their website you may think they are the only ones who offer this service, which is not the case.
Somebody without previous knowledge may conclude that they could only sign-up through this one company, when in reality they could search for perhaps a better deal with other companies.
When looking for a precious metals dealer to go with make sure there is enough information out there on the company. This way you can get a full range of previous and current customers thoughts. In this digital age there should be a good deal of information to make a positive or negative impression online. There are many forums and sites that rate company’s based on customer feedback. The more sufficient info you read about a company the better your decision will be.
As always with any company, we recommend that you check with the appropriate agencies in this industry to be certain that any requirements such as licensing, bonding, registration are currently being met.
Which Company Are We Recommending?
How about going with this years winner of “The Bullion Dealer of the Year 2018”. And for a prime example on what to look for in a company, read about our highest rated precious metals dealer here: Regal Assets company review
If you have your own insight into or have found Check Book IRA LLC reviews and would like to share it below in the comment section, that would be great. We all would appreciate your interaction.