I invited the expert on this topic, Jack Shea, to discuss how you can get legal checkbook control of your IRA or Roth. Why would you want to do this? Because a great deal will not last long and IRA administrators are too slow and too expensive to use. The last time I wrote a letter of direction, it took the IRA administrator 7 days to fund the deal (ridiculous) and it cost $500 (ridiculous again). There’s a better way! How does it work? Basically, your IRA invests in the shares of an LLC or a TRUST which has it’s own bank account. Once the funds are transferred, your trustee (not you) can write a check for any investments, loans, etc which are legally allowed by the IRS rules.