Opening a self-directed IRA is much easier than you would imagine. For those of you who do not know a self-directed IRA is a truly diversified IRA. A self-directed IRA allows you to invest in just about anything you want. Investments such as real estate, private placements and gold are a few of the investments allowed inside of an IRA. These types of IRA accounts are called IRA self-directed IRAs.
For those of you who do not have a self-directed IRA account, opening one is very quick and easy. If you would like to open up your own self-directed IRA account the following are steps to setting up your self-directed account in order to invest in the things you want for your retirement.
- Set up your account. It is very easy to set up a basic self-directed IRA account. In fact, all you need to do to get your account set up is to go to Account Setup and fill out the form to create your account. You can chat with us live by clicking on the appropriate link on the accoutn setup page if for whatever reason you have a problem or question.
- Fund your account– There are a few different ways to fund your account. You can do a rollover, transfer or contribution. Whatever method you choose to fund your account you will need to fill out the appropriate form and sign it. You can go to the forms page for these forms.
- Fill out the Direction Of Investments Form (DOI Form)- This form is the form that states what you want your account to actually invest in (what you want to buy through your IRA with your IRA monies). This can be done online through our online direction form.
These are three simple steps that you need to complete in order to truly diversify your retirement nest egg with a self-directed IRA. If at any time during the process you aren’t sure what you need to do or you just have a question please contact or call us at 1-800-454-2649 for help.
Author: Nick Barker