At the IRA Club, we make the process easy to open, fund, and invest your Self Directed IRA as we strive to give our clients A+ service.
A Self Directed IRA is a retirement vehicle that allows you to invest in alternative assets tax-free or tax-deferred.
One of the most common alternative investments today is real estate. Many of our clients invest in rental properties, mobile homes, house flipping, undeveloped land, and Airbnbs. Some other popular non-traditional assets include private lending, life settlements, precious metals, and cell phone towers, just to name a few.
Self Directed IRAs give you the freedom and liberty to choose your investments.
There are a few ways you can open and fund your Self Directed IRA with the IRA Club.
Transfer your current IRA by completing an IRA to IRA Transfer Form. Upon receiving the form and a copy of your most recent statement, the IRA Club takes care of the rest. Meanwhile, you will work with our investment team to prepare for your chosen investment by completing an Investment Directions Form. Investment forms for real estate, private equity, tax liens, IRA LLCs, private lending, precious metals, and REIT can be found under our Forms and Guides section.
Another way to fund your account is to rollover an old 401k, 403b, 457, or TSP. Contact your plan administrator and inform them that you want to transfer part or all of your funds to a Qualified Retirement Plan (an IRA). Dependent upon their plan guidelines, it typically takes 2-4 weeks for the funds to arrive. You will then be ready to invest.
Lastly, you can fund your account by making a contribution. Simply complete the IRA Club Deposit Form. We accept check, wire transfer/ACH, or credit card. Additionally, there is an option for an automatic contribution. The majority of our clients do a mixture of the above.
The contribution limits for 2020 are as follows:
- 49 and under $6,000
- 50 to 70 1/2: $7,000
Our Fee Schedule is very competitive. We charge an annual fee of $175 and a one-time setup fee in the amount of $20. A minimum of $500 must remain in your account since all fees are deducted from your Self-Directed IRA account.
Be advised that IRA Club does not evaluate, review, monitor, recommend, warrant, guarantee or otherwise endorse the legality, tax treatment, propriety, performance or reliability of any investment, service, statement, opinion or other representation provided with respect to the investment opportunities listed on its site or their sponsors or providers. IRA Club has no financial arrangement, partnership, joint venture, or other affiliation with the sponsors or providers of these investments. IRA Club shall not be liable for any misinformation, misrepresentation, negligence, act, omission, investment results or any wrongdoing with respect to any of these investments or their sponsors or providers.