Why haven’t I heard about checkbook retirement plans before? Why hasn’t my CPA or financial planner recommended checkbook retirement plans?

While there are a variety of contributing factors, the root cause lies in the fact that retirement plans have been administered by large broker-dealers whose revenues are derived from stocks, bonds, and other exchange traded securities. Therefore, those firms, and hence all their registered representatives, have reason to restrict participants in their plans to investments that are profitable for them and easily administered by them. Learn more about retirement plan rules.