A Checkbook IRA is a specialized retirement account that gives the account holder direct access and control over their funds. With this setup, you can independently invest in physical assets like Real Estate, using your retirement account cash, without the burden of transaction fees or custodian paperwork. MyDirect IRA helps you set-up and fund your new Checkbook IRA account, paired with an LLC or Trust, to give you 'Checkbook Control' over your retirement IRA / 401(k) cash. Once the account is established, your IRA / 401(k) funds are then held in a checking account, at a bank of your choice, accessible only to you. This enables you to write checks and send wires to make investments directly on behalf of your retirement account; all tax free, and penalty free.