Self Directed IRA LLC's

[Joel James]

I am looking at self directed IRA's using LLC's. From what I have read, this give the investor total control because the funds are at a local bank with check book control. This sounds great because it lowers the transaction fees and also gives you some legal protection. You still need a custodian, but they are removed from the day to day monitoring and approval process. It sound like a great option but seems too good to be true. Has anyone ever used this self directed method and, if so, can you recommend a custodial company? I am new to this so any advice would be great. It does sound like one should have an attorney generate and file the appropriate paperwork to insure that is done correctly.

Thanks;

Joel