Self-Directed Plans

New Direction IRA offers both tax-deferred and tax-free self-directed plans to help you reach your investment goals. The plans range from Traditional IRAs or Roth IRAs, to tax-deferred savings plans designed for small businesses, such as SEP IRAs, Simple IRAs and 401(k) plans. Besides retirement plans, we also offer self-directed plans to save for children’s education, health savings and more.

We invite you to learn more about the self directed plans we offer, as well as the full scope of possible self-directed investments.:

Traditional IRA

A traditional IRA is the oldest and most common type of retirement plan. It may be opened by any individual who has earned income and wants to set aside a portion for retirement on a tax-deferred basis. Learn more about Traditional IRAs

Roth IRA

A Roth IRA differs from a traditional IRA in the sense that your contributions are made with after-tax dollars. This means that eventual distributions from a Roth IRA are tax free. Learn more about Roth IRAs

SEP IRA

Simplified Employee Pension (SEP) IRAs are a popular option for self-employed people. SEP IRAs allow an employer, including self-employed individuals, to make contributions toward his or her own and their employees’ retirement plans without becoming involved in administrative complexities. Learn more about SEP IRAs

SIMPLE IRA

The Savings Incentive Match Plan for Employees (SIMPLE) IRA is an IRA-based plan that gives employers an easy way to make contributions toward their employees’ and their own retirement. This is a popular plan for smaller companies with 100 employees or less. Learn more about SIMPLE IRAs

Individual(k) Plans

An Individual(k) plan is a cost-effective 401(k)/profit sharing plan for small business owners. The Individual(k) has 401(k)-like options for sole proprietors or small business owners. The plan offers the highest contribution amounts and lower administration fees of all plans. Learn more about Individual(k) plans

Health Savings Accounts (HSA)

A Health Savings Account (HSA) is a savings account where tax-free deposits can be stored for future or current medical expenses. Unlike a Medical Savings Account (MSA), an HSA is not a “use it or lose it” account. Learn more about HSAs