{"id":23041,"date":"2019-01-06T12:00:45","date_gmt":"2019-01-06T17:00:45","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=23041"},"modified":"2020-03-26T04:21:42","modified_gmt":"2020-03-26T08:21:42","slug":"what-is-an-offshore-checkbook-ira-llc","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/what-is-an-offshore-checkbook-ira-llc\/","title":{"rendered":"What is an Offshore Checkbook IRA LLC?"},"content":{"rendered":"
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.<\/span><\/p>\n 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\u2019t enough money to save for later or to invest for your retirement. <\/span><\/p>\n 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? <\/span><\/p>\n 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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.<\/span><\/p>\n 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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. <\/span><\/p>\n