Episode 99: How to Write Checks From Your IRA Without Waiting on Your Custodian
Growing the Money with Rich Lennon · Rich Lennon
About this episode
What if your retirement money could move as fast as you do? No waiting. No paperwork bottlenecks. No missed deals because a custodian took days to respond.In this episode of Growing the Money, Rich Lennon breaks down one of the most misunderstood and powerful tools in self-directed investing: checkbook control. Rich explains how investors use trusts or LLCs to gain direct access to their IRA funds, why speed matters in real estate, and the exact process to do it the right way, without triggering penalties or breaking the rules.You’ll Learn How To:Understand what checkbook control actually meansMove IRA money faster without waiting on custodian approvalsDecide between using a trust or an LLCAvoid common mistakes that can trigger penaltiesUse self-directed retirement funds for real estate the smart wayWho This Episode Is For:Investors using or considering self-directed IRAsReal estate investors who need speed to competeLenders are tired of custodian delaysAnyone who wants more control over retirement moneyWhy You Should Listen:Speed matters in investing. This episode shows how experienced investors legally gain control of their IRA funds so they can act quickly, protect opportunities, and avoid costly delays. Rich walks through the process step by step, shares real-world examples, and explains the rules in a way that actually makes sense.What You’ll Learn in This Episode:[00:00] Why speed matters when using retirement money[01:15] What checkbook control really means in simple terms[02:45] The biggest problem with waiting on custodians[04:00] How investors legally gain control of IRA funds[05:45] Trust vs. LLC: which option makes sense for you[07:30] How to avoid mistakes that trigger penalties[09:00] When checkbook control is and isn’t the right move[10:30] Final takeaways and who this strategy is best forFollow Rich Lennon here:Website: https://richlennon.com/Facebook: https://www.facebook.com/rich.lennon.121Instagram: https://www.instagram.com/richlennon92/