About the Self Directed IRA Custodial Service
The majority of custodians will not even offer you a self directed IRA. This is the reason that key to your self directed investing success is to find the right custodian, one who is experienced, knowledgeable, and enthusiastic in helping you.
Know The Difference
Many people mistakenly believe that if they have an account with a self-directed IRA custodian they are receiving structure analysis for potential prohibited transaction, structure advise for maximum benefit, reliable source of information, tax advice, IRS resolution advice or representation, investment autonomy, and low fees. This is not so.
It’s your money, and it’s important for you to know what a self directed custodian is can and cannot due according to law, and how it can affect you:
- Are prohibited from and will not provide advisory services to clients; they only act as a depository and reporting agency to the IRS.
- Are prohibited from providing information on investment structure or how to maximize return on investment.
- Cannot and will not provide advice – because of this they sometimes relay information onto investors that reflect their policies rather than IRS regulation. Unfortunately the statements are never preceded with “this is our policy” their statements always sounds like IRS code.
- Cannot offer any advice for tax issues such as UBTI
- If you are audited you are on your own or with your current tax advisor unfortunately that can be very expensive and there are very few professionals that understand this portion of the code.
- May not allow certain investments, there may be no IRS issue it is just policy.
- Charge you in several different ways including asset value fees, transaction fees and investment evaluation fees – each may bring the total cost to 2% or more of the account value.
The TRUE self directed IRA plan gives you control of your retirement funds, without the fees and lost opportunities of working with custodians who prohibit self directed investments. You should compare fee structures and inquire after their advisory, or consultation, about services and any associated fees.
With the TRUE self directed IRA you will receive:
- No transactional, asset or holding fees – you pay no ongoing transactional fees regardless of how many investments you make.
- Checkbook control – allowing you immediate access to your IRA funds so you can participate in on the spot investments, and have funds readily available for asset related expenses.
- True diversification – maximizing your success potential by giving you access to stocks & bonds, as well as, real estate, tax liens, small businesses, franchises and even private mortgages.
- Higher compliance measures – our compliance process helps keep you and the IRS happy.
- Ongoing advisory service and support – our services and support stay with you after the sale!
