May 21st, 2013
Working with our IRA Experts, establishing a Self-Directed IRA LLC is quick and easy. Our IRA Experts will take care of everything for you. The whole process can be handled by phone, email, fax, or mail. Our expert tax and ERISA attorneys are on site greatly reducing the set-up time and cost. 1. Tax-Free Transfer […]
May 27th, 2011
Transfer retirement funds such as a Traditional IRA, SEP-IRA, SIMPLE IRA, 401 K, 403b, and most other pre-tax retirement plans tax-free from your current custodian to any financial institution or credit union who can serve as your Solo 401K Plan custodian for no fee.
May 10th, 2011
A number of IRA custodians advertise themselves as offering a Self Directed IRA, but what they are disclosing is that you will need to seek their approval before making an investment with your IRA.
1. Self-Directed IRA Without “Checkbook Control”
With a custodian controlled Self-Directed IRA without “Checkbook Control”, most types of nontraditional investments, such as real estate are permitted, however, the consent of the custodian is required in order to approve the investment. This typically results in long delays and high custodian fees associated with the transaction. For example, it is common for a moderately active investor with $125,000 in assets with a Self Directed IRA custodian without checkbook control to end up paying from $800 to $1300 in aggregate annual fees (i.e. account value fee, transaction fees, approval letters).
Moreover, there is no guarantee that the custodian will approve the Self Directed IRA or Self Directed Roth IRA investment even though the investment would not violate Self Directed IRA rules.