Entrust New Direction Blog

I just got off the phone with a person who has a self-directed IRA and their custodian has terminated their self-directed IRA program. In this particular case the custodian was TD Ameritrade and the holding in the IRA was a private stock investment. We have had quite a number of individuals call with the same issue from IRA custodians ranging from large organizations such as Charles Schwab to small local bank trust departments. These companies have decided that the intricacies and rules related to recordkeeping and reporting for self directed accounts doesn't fit in with their growth plans and/or skill set of their staff. Unfortunately, the resigning custodian generally doesn't provide much assistance with helping find a new custodian.

Entrust New Direction specializes in providing just those services, plus education on how the plans work. If you find yourself in receipt of a letter giving you 30 days to find a new custodian, call us! We are happy to provide assistance for individuals who have IRAs that the current custodian has resigned from. We will help you establish a new account and help work with the old custodian to get the assets transferred over. We focus on making sure you don't end up with a taxable distribution of your valuable retirement assets.

When working with your new self directed IRA, be sure to take advantage of our extensive educational offerings. Entrust New Direction provides live classes in our Lafayette, Colorado learning center, continuing education classes through the University of Denver School of Law, and at other sites around the country, plus we offer many classes via the internet. 

The investment power of self directed IRAs and other plans is the perfect tool in this economy to allow you to make investments in the micro economy that you or your network of friends and colleagues live and work in. Choices include start up companies, real estate, private lending, private company stock, gold, oil wells and more. The choice is as varied as your life experience. However, to understand the rules and process be sure to work with a company with a solid background in education and willingness to help explain the rules.

For more information: Broker dropped the ball?