New Direction IRA Fee Comparison
At New Direction IRA, we not only offer the best education and service in the industry, we also charge far less for this premium service than our competitors.
The professionals at New Direction IRA thoroughly understand the rules and regulations of self-direction and a few phone calls usually demonstrate this to our clients. Since 2003, New Direction has been showing individuals and small businesses how to achieve their retirement goals through self-directed IRAs. This personalized service assists in getting questions answered and transactions closed quickly and efficiently.
At New Direction IRA, every client receives Premium Level Service without Premium Charges like other providers.
- Providing Value and Service is Our Priority
- Fee Comparisons – How We Beat Our Competitors
- Choose Your Own Fees – Our Annual Fee Schedule
New Direction Combines Top Value with Premium Service
Frequently Asked Questions About Our Service and Fees
Why aren’t your fees all-inclusive? Some Self-Directed IRA Administrators and Custodians like to entice prospects with all-inclusive fee schedules, but what they don’t reveal is that their clients end up paying for services that they are probably not using. Rarely, if ever, will an all-inclusive fee schedule provide value for the client. At New Direction, you pay only for services you are using and that means savings on fees and more money for your retirement! For details, see our fee comparison below.
What do I get for my money? It’s important to save money, but quality service is the most important thing of all. At New Direction IRA you won’t find $3000 boot camp “opportunities” or $75/hour fees for talking to our expert staff. You will get answers to your questions (even the most difficult ones, such as those surrounding UBIT or UDFI), most often today and within minutes.
Can I purchase a Premium Level Service upgrade? You won’t find an option to upgrade to ‘Premium Level Client’ at New Direction IRA. Why? Because at New Direction IRA we don’t play favorites with our clients. Everyone receives premium level service at no extra charge. We think that’s just the right way to do business. 1-877-742-1270
Fee Comparisons – How We Beat Our Competitors
Comparing Apples to Apples. Some Self-Directed IRA Administrators and Custodians create the illusion of value by padding fee comparisons with an unusually high number of check requests. What they don’t tell you is that by not having a per check charge, they are charging you for check writing service whether you use it or not. At New Direction IRA, we give our clients the ultimate in control over their fees and services.
Let’s save time and money together. Some clients have more need of check writing than others. There are several ways to cut down on fees for check writing. Here are a few ideas:
- Use a Property Management Company or Bookkeeper for check writing services
- Pay HOA fees and other monthly recurring bills in one yearly lump sum. (many associations offer a discount for annual payments as a bonus)
Case Studies: The scenarios below represent what our clients and other self-directed investors commonly do. The prices accurately represent both our fees and those of other self-directed IRA administrators as of Summer 2009.
Case #1:
- Transfer $20,000 from 401k plan from previous employer to self-directed IRA
- Assets held as uninvested cash for 3 months
- Private Stock purchased month 4
| Item | New Direction IRA |
Company A |
Company B |
| Account setup | $50 | $50 | $50 |
| Annual Administration Fee | $250/year (charge month 4) |
$260/year (charge day 1) |
$375/year (charge day 1) |
| Safekeeping of Documents (per Document) |
n/a | n/a | $40/year |
| Asset Administration Fee (per Asset) |
n/a | n/a | $48/year |
| Transaction Fee | $95 | n/a | n/a |
| TOTAL COSTS YEAR 1 | $395 | $310 | $578 |
| TOTAL COSTS YEAR 2+ | $250/year | $260/year | $463/year |
| TOTAL SAVINGS Y1 | $183 | $268 | $0 |
| TOTAL SAVINGS Y5 | $1,035 | $1,080 | $0 |
| TOTAL SAVINGS Y10 | $2,100 | $2,095 | $0 |
Case #2:
- Transfer $100,000 from existing SEP IRA to self-directed Traditional IRA
- Assets held as uninvested cash for 6 months
- Purchase rental condo in month 7
- Three checks needed for property taxes, maintenance, and HOA fees
| Item | New Direction IRA |
Company A |
Company B |
| Account setup | $50 | $50 | $50 |
| Annual Administration Fee | $295 (due month 7) |
$440 (due day 1) |
$450 (due day 1) |
| Safekeeping of Documents (per Document) |
n/a |
n/a | $40/year |
| Asset Administration Fee (per Asset) |
n/a | n/a | $48/year |
| Transaction Fee |
$250 | n/a | n/a |
| Check Fee (3 checks/year) |
$15/year | n/a | n/a |
| TOTAL COSTS YEAR 1 |
$610 | $490 |
$588 |
| TOTAL COSTS YEAR 2+ |
$310/year | $440/year |
$538/year |
| TOTAL SAVINGS Y1 |
$0 | $120 |
$22 |
| TOTAL SAVINGS Y5 |
$890 | $490 |
$0 |
| TOTAL SAVINGS Y10 |
$2,030 | $980 | $0 |
Case #3:
- Transfer $300,000 from multiple existing IRAs and 401ks
- Assets held as uninvested cash for 1 month
- Purchase 2 rental homes in months 3 and 10 without debt leverage
- Sell one house in year 5
- 6 checks are written each year, 3 for each property
| Item | New Direction IRA |
Company A |
Company B |
| Account setup | $50 | $50 | $50 |
| Annual Administration Fee | $590 (due time of purchase) |
$640 (due day 1) |
$850 (due day 1) |
| Safekeeping of Documents (for 2 Documents) |
n/a |
n/a | $80/year |
| Asset Administration Fee (for 2 Assets) |
n/a | n/a | $96/year |
| Transaction Fees (2 purchases Y1, 1 sale Y5) |
$250/closing | n/a | n/a |
| Check Fee (6 checks/year) |
$30/year | n/a | n/a |
| TOTAL COSTS YEAR 1 |
$1,170 | $690 |
$1076 |
| TOTAL COSTS YEAR 2+ |
$620/year | $640/year | $1026/year |
| TOTAL COSTS YEAR 5 |
$885 | $640 | $1,026 |
| TOTAL SAVINGS Y1 |
$0 | $480 |
$94 |
| TOTAL SAVINGS Y5 |
$1,265 | $1,930 |
$0 |
Case #4:
- Transfer $525,000 from multiple existing IRAs and 401ks
- Assets held as uninvested cash for 7 months
- Purchase 2 rental homes in months 3 and 6 with debt leverage
- Sell one house in year 3
- 3 checks are written each year for each property owned
