Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Events
    • Shop
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • United Kingdom
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
      • Middle East
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
Escape Artist
  • Features
    • Interviews
    • News
    • Field Notes
    • Trending
  • Your Escape Plan
    • Finance
    • Real Estate
    • Second Citizenship
    • Events
    • Shop
  • Destinations
    • Europe
      • France
      • Germany
      • Italy
      • Portugal
      • Scandinavia
      • Spain
      • United Kingdom
      • Rest of Europe
    • Central America
      • Belize
      • Costa Rica
      • El Salvador
      • Guatemala
      • Honduras
      • Nicaragua
      • Panama
    • Others
      • Africa
      • Asia
      • Australia
      • North America
      • South America
      • Middle East
  • Travel Tips
    • Know Before You Go
    • Packing List
    • Food + Culture
    • Health + Wellness
  • Subscribe
👤

THE NUMBER ONE SOURCE FOR EXPATS, DIGITAL NOMADS, AND DREAMERS.

This field is for validation purposes and should be left unchanged.
  • Finance

What is an Offshore Checkbook IRA LLC?

  • BY staffwriter
  • June 1, 2019
Total
0
Shares
0
0
0

As soon as you begin to work, banks and retirement experts want you to start saving for your retirement. Few Americans listen, as many are now entering their 50s and 60s without a dime in their pocket.

These might due to a number of factors. The first one is that living in the United States has become extremely costly and there just isn’t enough money to save for later or to invest for your retirement.

The second reason is that the trust for financial institutions overall in the United States has fallen to an all-time low. People are trusting banks every day less and less, and can you blame them?

Still, with all of the uncertainty that is happening in the world right now, Americans should start saving for their retirement now more than ever. There are a ton of options that an American can use to live their remaining years peacefully and without financial worries.

We talked about earlier about investing in other countries as a way to secure a second passport and protect your assets, and there, of course, is the traditional and more conservative ways of saving money like a 401K, Roth IRA, etc.

In between the many traditional and conservative ways of saving money, there are several options that can be considered. It is up to you to look into alternative ways of investing for your retirement.

One of these ways is an Offshore Checkbook IRA LLC. The way that an Offshore Checkbook IRA LLC works by moving your IRA or other retirement accounts into an offshore LLC that you control.

With an Offshore Checkbook IRA LLC, you get to manage all of the investments that you make in a very convenient and easy way for you. By writing the checks that you use to invest or pay, you have all of the control necessary to safeguard your retirement account.

Going back to what I previously mentioned about protecting your assets by investing overseas, an Offshore Checkbook IRA allows you to protect your assets in whatever currency you desire and in whatever investment you deem appropriate.

An Offshore Checkbook IRA is perfect if you want to diversify your assets and invest in ways that are unique to international investment, like real estate, cryptocurrency, private businesses, mortgages, etc.

By having more options to invest in, your chances of a successful return are much higher. Besides you are in charge so any positive or negative investment is decided by you as you control your checkbook.

You control your checkbook, but in order for you to be approved and obtain an offshore checkbook, you must first hire an IRA custodian. An IRA custodian acts as a trustee between you and the plan.Consumer Resource Guide

One of the responsibilities of the IRA custodian is to approve the investments that you want to make. The reason being that even though you control your own investments, a third party is needed to evaluate the investment and make a proper decision.

All money that is stored in the Offshore checkbook must be used as an investment, or as a way to save for retirement. The money must not be used for your own benefit, it is not a savings account it is a retirement account.

Also, your Offshore Checkbook IRA cannot be used as collateral for any loan or specific purpose you might need it for. Debt-financed property held by IRA must always be a non-recourse loan.

Assets that are prohibited in the Offshore Checkbook IRA LLC include:

  • Life Insurance Contracts
  • Antiques
  • Metals
  • Coins
  • Gold if it is less than 99.5% pure

An Offshore Checkbook IRA has certain rules that you must follow, such as you can’t use the funds to lend to your immediate family, company if you own more than 50%, company if you are a highly compensated employee.

I hope you’ve found this article on Offshore Checkbook IRA LLC’s to be helpful. For more information, or for assistance forming an offshore IRA LLC or connecting with a qualified custodian, please contact us below by filling out the form, Thank you.

Oops! We could not locate your form.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Previous Article
  • Belize

Get to Know the Best Places to Live in Belize

  • BY
  • March 1, 2019
View Post
Next Article
  • Asia

5 Tips to Ease Your Transition After Moving to Japan

  • BY mhollen
  • June 1, 2020
View Post
You May Also Like
Starting a Business Abroad - A world of new markets and global possibilities
View Post
  • Business
The Beauty of Starting a Business Abroad
  • BY Aneesa Marufu
  • October 17, 2025
How to Legally Pay Less Tax Abroad
View Post
  • Plan B
How to Legally Pay Less Tax Abroad
  • BY EA Editorial Staff
  • October 15, 2025
The Tale of the Tael - A timeless store of value across centuries
View Post
  • Finance
The Tale of the Tael’s: A Hard Lesson about Hard Money
  • BY Michael Checkan
  • September 24, 2025
Craggy cliffs and quiet harbors frame life in the Isle of Man
View Post
  • Your Escape Plan
Life and Opportunity on the Isle of Man
  • BY Aneesa Marufu
  • September 19, 2025
Central America’s strategic position is reshaping the global offshore banking map
View Post
  • Plan B
The Future of Global Finance Runs Through Central America
  • BY Luigi Wewege
  • September 17, 2025
Global Diversification Tips from Experts
View Post
  • Plan B
Staying in One Country Could Be Your Biggest Financial Risk
  • BY Isha Sesay
  • September 3, 2025
Find Your Next Chapter: Top Countries with Retirement Visa Pathways
View Post
  • Your Escape Plan
Top Countries with Retirement Visa Pathways
  • BY Carla Rodrigues
  • September 1, 2025
Low-Tax Countries to Save Money in 2025
View Post
  • Plan B
Where Expats Are Moving to Keep More of Their Money
  • BY EA Editorial Staff
  • August 27, 2025
Trending Posts
  • Buying a Property abroad 1
    • Your Escape Plan
    Why More Investors Are Buying Homes Offshore
    • October 8, 2025
  • Expat Child Syndrome 2
    • Wellness
    The Untold Story of Expat Kids
    • October 6, 2025
  • Life between borders 3
    • Field Notes
    Living Between Continents, Cultures, and Contradictions
    • October 13, 2025
  • How to Legally Pay Less Tax Abroad 4
    • Plan B
    How to Legally Pay Less Tax Abroad
    • October 15, 2025
  • Living in Paris: Digital Nomad Guide 5
    • Digital Nomadism
    A Digital Nomad’s Guide to Living Like a Local in Paris
    • October 10, 2025
Advertise
Know Before You Go
  • Top 10 Cities in Ecuador to Visit and Live In 1
    • Know Before You Go
    Top 10 Cities in Ecuador to Visit and Live In
    • October 17, 2025
  • Costa Rica Cost of Living Guide: Prices, Budgets, and Tips 2
    • Costa Rica
    Costa Rica Cost of Living Guide: Prices, Budgets, and Tips
    • October 15, 2025
  • 7 Best Cities to Live in Mexico for Safety, Cost, and Lifestyle 3
    • Mexico
    7 Best Cities to Live in Mexico for Safety, Cost, and Lifestyle
    • October 14, 2025
  • Cost of Living in Spain: What to Expect in 2026 4
    • Spain
    Cost of Living in Spain: What to Expect in 2026
    • October 13, 2025
  • Living in Paris: Digital Nomad Guide 5
    • Digital Nomadism
    A Digital Nomad’s Guide to Living Like a Local in Paris
    • October 10, 2025
Learn More
  • About us
  • Contact
  • Advertise
  • Subscribe
Why Subscribe

The newly imagined Escape Artist brings you fresh content with a global focus, and sharp, up-to-the-minute coverage of the joys, challenges, and opportunities of life abroad.

For a limited time, we’re offering a special discount on all subscription deals, so be sure to lock-in these incredible savings and start receiving top-notch travel and expat content today!

Sign up for the EA Newsletter

Get important news delivered directly to your inbox and stay connected!

This field is for validation purposes and should be left unchanged.
Escape Artist
  • Terms & Conditions
  • Privacy Policy
  • Cookies Policy
  • Disclaimer

Input your search keywords and press Enter.

Newsletter Subscription
Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/