How to start a self directed IRA?

9 Replies

we've used The IRA club in conjuction with buying turnkey rentals. their the only company I know that will pay interest on the money sitting in the account while waiting for use.

We've also used Kingdom Trust. Both are good companies.

Check online for contact info. Setting one up is super simple...

@Bryan Pham

A self-directed IRA can provide many great oportunities to diverse your retirement portfolio! The first thing to do is select a custodian/ administrator. Below are 3 things to consider when selecting a custodian/administrator for a self-directed IRA.

1. Knowledge (They actually know what they are talking about)

2. Customer service (can you reach a person, how quickly?)

3. Ease of transactions

After you have selected a custodian/ Administrator for your Self-directed IRA you will need to open the account and fund the account from an existing IRA or 401(k)/403(b).

Once your account is funded you should be ready to make an investment. You will need to complete a form and send in appropriate paperwork for your investment. Then your Custodian/Administrator will send the funds from your account.

There are a couple rules and prohibited transactions/ persons. If you would like to speak more, I would be happy to connect with you.

Thank you

Carl Fischer