Save $300 now! Learn More.
Due to the current situation, please be advised that checks will take longer than usual to be processed.

Contact our Self-Directed Experts. (800) 395-5200 or Schedule A Call

Contact our Self-Directed Experts.
(800) 395-5200 or Schedule A Call

Contact our Self-Directed Experts. Schedule A Call or Leave A Message

Contact our Self-Directed Experts.
Schedule A Call or Leave a Message

The Self Directed IRA Advantage

Questions? Text us at (845) 253-9306.

Advantage 2018-06-13T14:08:16-04:00

How does a self directed IRA give you complete investment control?

There are two steps to achieve true self direction in an IRA, and together they can take you out of your retirement red zone in a very good way.

The first step is the model that most people think of when they hear the term “self directed IRA”. This is the trust model, where a specialized custodian holds your self directed IRA, and you execute transactions through the custodian. This is an essential first step as it frees up your retirement plan to invest in alternative assets. Since your custodian is not one of the standard brokerage houses, there is no pressure or preconceived notions that will pressure you towards Wall Street products. The investment field opens up in a big way as you can now invest in virtually any asset. Say hello to real estate, private business, or precious metals. The world becomes your investment oyster.

The second step for the self directed IRA is to turbocharge its investment capacity with the feature of Checkbook Control. Checkbook Control means that you can manage your investments via the checkbook alone. With the standard trust model, an investor has to go through the custodian every time he/she wants to execute a transaction. This can become especially onerous if you have a time sensitive investment or a contractor waiting to be paid. With checkbook control, your self directed IRA can place investments, pay workers, and buy supplies just by writing a check. Timing in your retirement account will never worry you again.

How does a self directed IRA save money in fees?

There are many potential fees that a custodian could charge you for the privilege of holding and managing your IRA. These include asset-based fees, transaction fees, and general managerial fees. With the feature of Checkbook Control all of these fees disappear. Because you will be managing your self directed IRA on your own via the checkbook, the fees associated with that management no longer apply. You can execute as many transactions as you wish and never have to pay to do so.

Is it easy to set up a self directed IRA?

Like many things in life, it depends on how you do it. With a self-directed IRA, you can go an easy route or a hard one.

The easy route is to call Broad Financial. One of our specialists will get some basic info, he’ll email you a few forms, and then a short time later you’ll be able to open a checking account at your favorite bank. You can count on Broad’s experience and industry leading customer service to keep the process simple and hassle free.

If you choose a different route, it is still possible to set up a self directed IRA, but there are a number of problems that can occur. The first lies in the technicality of the set-up. The LLC, the accompanying binder, and the banking instructions all need to be in complete compliance with established retirement law. Even seemingly minor mistakes can cause huge hassles at a later date. Additionally, even if your self directed IRA package is up to speed, invariably issues arise that are best dealt with by knowledgeable and friendly experts. Often times this is where the bargain basement plans fall short. Ambiguous directions, unobtainable customer service, and non-existent follow up can cause extreme frustration.

At Broad we’re proud of our A+ rating from the BBB, and we stand by our industry leading client support.

How does the investment process of a self directed IRA work?

The investor mechanics are simple: once the account is set up, the investor can research investments in any asset class. When it comes time to actually invest, the whole process involves just writing a check from your IRA LLC’s checking account. That’s it! With the investment being purchased from the self directed IRA’s funds, the asset is now officially part of the investor’s retirement portfolio.

What’s involved in setting up a self directed IRA?

With a streamlined platform like Broad’s Ultimate IRA, the self directed IRA setup couldn’t be easier. When you call Broad one of our specialists will get some basic info, send you a few forms to fill out, and then send you a binder with which you can open a checking account at the bank of your choosing. On the backend, Broad is actually executing a number of steps to bring your self directed IRA to fruition.

  • Broad starts with your phone call and obtains the relevant information.
  • Then, Broad contacts the appropriate agencies and establishes a LLC for your account.
  • Now Broad produces and sends you a customized binder. At the same time the designated custodian opens an account for your self directed IRA, and makes a request for transfer of funds.
  • Once capitalization occurs, the custodian sends you a capitalization check.
  • You take that check to your favorite bank and open a checking account in the name of the LLC.
  • Your self directed IRA is good to go. Start investing! How does a self directed IRA give you peace of mind?

Let’s look at this from the other direction: why does a standard IRA cause so much mental distress? In short, there are two major sources of frustration. One is the fact that the investor is stuck on the Wall Street roller coaster. Watching the daily dips and dives is more than enough to cause anybody to lose sleep and sanity. The second is the constant nickel-and-diming that comes with the plethora of fees inflicted upon the investor.

A self directed IRA takes care of both of these problems. Asset choice removes Wall Street anxiety, and Checkbook Control takes care of eliminating unnecessary fees.

Call us today and find out why your next investment move is…freedom!

Call Center Agent Broad Financial Call Today (800) 395-5200

Contact a Specialist

Call Today!

(800) 395-5200

- or -

Fill Out the Form

[contact-form-7 id="3005" title="in-page form"]

Custodial or Checkbook Control Plan: Which is Best for You? We Offer Both.

Contact Our Self-Directed Experts

[gravityform id="18" title="false" description="false"]

Join Our Newsletter!


Contact Our Self-Directed Experts