Self Directed Ira Custodian

There are many IRA administrators - but not all custodians offer reasonable fees or benefits. For example, the following is a list of some administrators:

My Real Estate IRA is not an IRA administrator, IRA trustee or an IRA custodian. We are Self Directed IRA Advisors. Our advisory services are designed to emancipate you from the aggravation costs in dealing directly with the custodians directly and lowering your overall self directed IRA fees. Typically, bank financial advisors dissuade individuals from investing in real estate with their IRA for that very reason. If you are not aware of it, Self-Directed IRA fees charged by custodians can lower your IRA returns substantially.

Administrators/Custodians charge annual maintenance fees, quarterly asset fees and transaction fees in order to stay in business. These can add up to thousands of dollars in one year or perhaps tens of thousands of dollars over the years. For more information on how to drastically reduce self directed custodial fees, gain checkbook control of your investments, then contact us.

It is no secret, IRA Custodians make their living off IRA holders by charging an assortment of fees for the services they offer. Depending on the custodian, there are annual maintenance fees, quarterly asset fees and transaction fees and these fees can add up quickly. On top of the fees for transfers and for checks which we will get to in a second, a number of well-known custodians can charge stiff annual fees that can be as high as 0.5% of your total assets to hold your self directed IRA funds, which can be very expensive and as high as $2000 year on a $400,000 IRA even if you don't utilize the funds to invest or have nominal transactions inside the real estate deal such as holding a vacant lot with your IRA funds in your downtown area. Custodians are similar to banks in how they make their money, but with a unique twist. Most banks don't charge you every time you need access to your funds, but most IRA custodians do.

Frankly, how long would you stay with a bank if you had to pay a fee each and every time you needed to write a check or completed a debit on your account? God forbid you need a check overnighted for any reason. There is an additional $50 - 100 deducted from your retirement account. Question, whose retirement are you building?

For example, if you are rehabbing a property, checks can take up to 3 days to be sent out to you by mail. However, if you have control of the checkbook, then you can pay your contractors once they complete their work without having to tell them to wait - the check is in the mail.

If you would like to reduce your Self Directed IRA Custodian fees and establish true check book control of your investments, then call our offices Toll Free 866-683-5228. You can drastically cut costs while gaining control of your retirement - an unbeatable combination.

The majority of the self directed IRA custodians charge not only transaction fees for checks and wire transfers to pay for anything related to the property such as a check needed to pay a plumber for a leaky faucet, but also custodians charge additional fees for the asset value within your IRA account. Let's put it this way, Self Directed IRA custodians relish holding your IRA account. The majority of them charge higher and higher fees as your account grows. In other words as your asset grows so does the custodial company.

However, if you have a Self-Directed IRA LLC established, then your annual fees are less than $200 a year flat. It does not matter if you have one million in your IRA or one billion in your IRA custodial account, your custodial transaction fees with the IRA, LLC are zero! Without the IRA, LLC, each time you need a check from the custodian there is an approval process and a fee to pay.

The fees administrators of Self Directed IRA Custodian accounts charge vary from administrator to administrator. If you are not careful and deliberate with the administrator that you choose, those fees could add up to thousands of dollars a year and possibly tens of thousands of dollars over many years.