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(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

Self-Directed IRA Cost and Fees – Full Comparison

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Self-Directed IRA Cost and Fees – Full Comparison 2019-05-03T13:59:47-04:00

Here is a Cost Comparison of Broad Financial’s IRAs:

To see a comparison of Self-Directed IRA structures, please scroll below.


Plan Features

Custodian

Custodial Fees

Transaction Fees

Asset-Based Fees

Lifetime, Free Customer Support

Traditional and Roth IRAs Available

Formation of a Specialized LLC Designed to Hold IRA Funds 

Real-time Access to Your Funds

How You Can Make Investments

Available in All 50 States

Learn More

Self-Directed IRA

$100

Set UP Fee
(Includes Application and First Investment)

$60 per quarter

Yes

$0

Need to Contact Custodian

Self-Directed IRA with
Checkbook Control

Also called Checkbook IRA or IRA LLC

$1295*

SET UP FEE
*Price May Vary Depending on state llc set up fees 



Your text

Your text

Your text

Transaction Fees

Asset-Based Fees

Lifetime, Free Customer Support

Traditional and Roth IRAs Available

Formation of a Specialized LLC Designed to Hold IRA Funds 

Real-time Access to Your Funds

Self-Directed IRA

$100

Set Up Fee
(Includes Application and First Investment)

Custodial Fees:
$60 per quarter

Transaction Fees:
Yes

Asset-Based Fees:
$0

Lifetime, Free Customer Support:
Yes

Traditional and Roth IRAs Available:

Yes

Formation of a Specialized LLC Designed to Hold IRA Funds:
No

Real-time Access to Your Funds:

No

How You Can Make Investments:
Need to Contact Custodian



Plan Features

Custodian

Custodial Fees

Transaction Fees

Asset-Based Fees

Lifetime, Free Customer Support

Traditional and Roth IRAs Available

Formation of a Specialized LLC Designed to Hold IRA Funds 

Real-time Access to Your Funds

How You Can Make Investments

Learn More

Self-Directed IRA with Checkbook Control

$1295*

Set Up Fee
*Price May Vary Depending on State LLC Set Up Fees 

Custodial Fees:
$52 per quarter

Transaction Fees:
$0

Asset-Based Fees:
$0

Lifetime, Free Customer Support:

Yes

Traditional and Roth IRAs Available:

Yes

Formation of a Specialized LLC Designed to Hold IRA Funds:

Yes

Real-time Access to Your Funds:

Yes

How You Can Make Investments:
Check, Debit Card, or Wire

 

Self-Directed IRA Fee Structures

When researching Self-Directed IRAs, you’ll find that there are three basic fee structures:

  1. Transaction Fees. In this model there is a low set-up fee, and the account holder pays a transaction fee for every action subsequently taken by the IRA.
  2. Dollar value of assets that the IRA possesses. The more assets that are held, the higher the annual fee.
  3. Checkbook Self-Directed IRA. There is a higher initial set-up fee, but there are virtually no fees afterwards.

Obviously everybody would like to choose the fee structure which affords them the greatest possible savings. However, even with that thought in mind, it’s not always so obvious which of the three fee structures will accomplish that. A number of factors can determine how much is eventually charged, and they include value of the invested assets, frequency of transactions, and degree of investor involvement. It’s best to run the numbers for your specific investment and see what makes the most sense.

How Much Does a Self-Directed IRA Cost – Practical Application

To get a better grasp of the situation, let’s take a look at a standard self-directed IRA investment, and then figure out what it would cost in fees for each of the three models.

Donna switched jobs and took the opportunity to rollover her 401(k), wishing to find the best Self-Directed IRA for real estate. She wanted to use her retirement funds to purchase a two family house at the cost of $450,000 and then subsequently rent it out. Property management includes paying standard bills (electric, water, etc.), grounds maintenance (mowing and snow removal), and taking care of the occasional plumber call. Additionally (as with most properties), the house needed some initial rehab before being put on the rental market.

In this scenario, the fees would break down as follows. (These dollar values are taken from the industry’s leading provider for each platform.) Take a look below at a Self-Directed IRA cost comparison:

3 Year Total
10 Year Total
  • Fees Due Over Time

  • Set Up Fee
  • Custodial Set Up Fee
  • Asset Purchase
  • Expense Payments
  • Custodial Account Fee
  • All Inclusive (according to property value)
  • 1st Year Total Fees
  • 2nd Year Total Fees
  • 3rd Year Total Fees
  • Broad Financial
  • Checkbook Model

  • $673.00
    $347.50
    Per Year On Average

  • $1,295
    Set Up Fee
  • $100
    Custodial Set Up Fee
  • Asset Purchase
  • Expense Payments
  • $208
    Custodial Account Fee
  • All Inclusive (according to property value)
  • $1,603
    1st Year Total Fees
  • $208
    2nd Year Total Fees
  • $208
    3rd Year Total Fees
  • Transaction Model

  • $1,233.33
    $1,210.00
    Per Year On Average

  • $50
    Set Up Fee
  • Custodial Set Up Fee
  • $50
    Asset Purchase
  • $960
    Expense Payments
  • $240
    Custodial Account Fee
  • All Inclusive (according to property value)
  • $1,300
    1st Year Total Fees
  • $1,200
    2nd Year Total Fees
  • $1,200
    3rd Year Total Fees
  • Asset Model

  • $1,200
    $1,480
    Per Year On Average

  • $50
    Set Up Fee
  • Custodial Set Up Fee
  • Asset Purchase
  • Expense Payments
  • Custodial Account Fee
  • $975
    All Inclusive (according to property value)
  • $1,025
    1st Year Total Fees
  • $975
    2nd Year Total Fees
  • $1,600
    3rd Year Total Fees

As the table indicates, the Self-Directed IRA model with the lowest cost long term is the LLC setup with Checkbook Control. Learn more about Broad Financial’s Ultimate Self-Directed IRA with Checkbook Control and no transaction fees, and get yourself set up with the best Self-Directed IRA option!

Free Paperback Book Ultimate Self-Directed IRA

Check out the following:

And learn more about Self-Directed IRAs with the following info:


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

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