One of the main reasons people think Self-Directed IRAs
aren’t worthwhile is because of the fees associated with them. However, the fees
associated with SDIRAs are usually favorable when compared to fees you’d be assessed on an IRA with publicly-traded securities and at any brokerage house.
At New Direction IRA, we disclose our fees up front so account holder know exactly what they will pay and what they are paying for.
Let’s look at our NDIRA real estate IRA fees
, which includes FREE online bill pay:
Application Fee: $50 (One time only when an IRA is opened)
Transaction Fee: $250 (Per purchase/sale/exchange of real estate)
Annual Fee Per Property: $295 (Other fee options available)
Bank Wire: $30 (Per outgoing wire)
Overnight mail: $30 (Per mailing)
Outgoing check fee: $10 (Per check we print and mail.)
Compare that to what you’d pay at another IRA or SDIRA provider and you’ll find it’s lower than most and comparable to all. The reason we’re able to keep our fees low is because we base it on the actual work we do—not a percentage. Also, no one at NDIRA
works on commission nor do we sell investments so we are really working for you.
Our fees are only assessed when your account activity necessitates it. In addition, we offer free SDIRA education and our client representatives are on hand to answer your questions and make your IRA acquisition process a smooth one.
With an NDIRA account, you can also enjoy industry-best technology that gives you more bang for your buck with our online client portal, myDirection®. You can make free online bill payments and pay a low, flat annual fee while checking account activity through myDirection®. There, you can easily and quickly make payments for things like taxes, insurance, HOA fees, and more for free.
Lastly we offer two separate annual fee schedules for you to choose which is most economical for you and your account. One option assesses fees based on how many assets you have in your account while the other bases fees on your total account value. For more information, visit https://newdirectionira.com/investment-options/real-estate.