5 Steps

Reins-IRA – You are just five steps away from direct day-to-day management of your retirement funds without the intrusion of a custodian; take the reins to your retirement account.

1   Create a Self-Directed IRA

We establish a new IRA with our registered self-directed custodian who will hold member units (similar to stock) in a single member Limited Liability Company. We work with only one IRA custodian who limits the fees charged to our clients. Through Reins-IRA, you do not pay ongoing asset based or transactional fees—just a simple, flat maintenance fee.

2   Rollover funds to your new IRA

Once a new self-directed IRA has been established with our IRA custodian, we direct and manage the transfers from your existing IRA or 401(k) to your new self-directed account. This process will typically take two weeks (or as few as four days) to complete and relies heavily on your previous IRA custodian’s ability to make these transfers in a timely manner.

3   Limited Liability Company (LLC)

We establish a limited liability company (LLC) for your IRA. The LLC serves as the investing platform for your new Reins-IRA retirement plan and will allow true diversification not seen through any other IRA plan. We customize this entity to conform to the rules and regulations set forth by the IRS and the Department of Labor. It is vital that you work with a qualified and competent third party, like Reins Financial Group, to structure the direct investment IRA plan and LLC for you.

4   Funding your LLC

After your newly established, self-directed IRA has received the rollover funds from your old plans and the LLC has been established, it is time to direct the initial capitalization of the LLC. We will direct the custodian to invest your IRA funds in the LLC, essentially trading member units (similar to stock) for cash. Once the transaction has taken place, your self-directed IRA is the owner of the LLC, owning all of its member units. You (or your designee) are appointed Manager of the LLC.  The LLC holds and controls all of the cash in the LLC’s checking account. The custodian retains only the member units and a residual $300 in cash.

5   Investing

Your Reins-IRA is now set to begin investing in both traditional and nontraditional opportunities.  As Manager you control the checkbook without further custodian involvement. We set up guidelines in your LLC and are here to help you understand what you can do to steer clear of prohibited transactions; we are just a phone call away.

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