Like investing in real assets? Property, notes, coins, tax liens, or what have you? Plan to have a decent portfolio built up over time? Would you rather spend $3,000 a year or $200 a year keeping that all safe inside your retirement account?
Today we’re going to pull back the curtain and expose the how the number one drain on your earnings in the stock market is STILL the number one drain on your earnings in most ‘checkbook control’ style retirement accounts. This is not a popular topic with financial planners, brokers, or custodians… but it needs to be understood. After all, most investors are currently covering the professional’s boat payment, when they could be building their own account stronger. For me, being in business means offering exemplary service and providing educational opportunities for my clients. Let’s begin…
If you currently have, or are considering, a self-directed retirement account (often called a ‘checkbook IRA’ or a ‘real estate IRA’) then this article is for you. Some of you may even have self-directed 401ks… and if you went with the biggest name in the sector then this article is really for you. You’re in, or going to be in, a small and elite group of investors that controls what they invest in at a level far above most Americans. …but you’ve likely be duped into paying way too much for a much too cumbersome version of what is possible.
For the purpose of this article, I’m assuming you’re already aware of advantages these offer for your retirement. If you aren’t, go check out this article on “WHAT YOUR IRA CUSTODIAN DOESN’T WHAT YOU TO KNOW.”
If a dollar saved is a dollar earned, then realize that when using retirement account dollars it’s even more important. These monies, when compounded over time free of taxes, will grow to new heights over time if you can lower your investment expenses even a percent or so a year.
Let’s agree on a few things:
1. Self directed IRA and 401(k) custodians and administrators are good,
2. They allow you to invest in legal investments you select,
3. They need fees to operate,
4. Some are easier to work with than others.
There’s no question that these companies are providing an incredible opportunity for you to personally take charge and be involved in your retirement.
…but…
Did you know that most of them charge an annual fee based on the value of your account? This egregious fee can reach up to $1500 per year per account and this money is then lost forever for the purpose of increasing your account. Even ‘cheap’ IRA custodians can be $500+ if you buy or sell an asset a year.
…of course double that if you’re married.
So, if you’re paying, or looking at paying, $1,000 – $3,000 a year for you, or you and a spouse’s IRA to be self directed we have an announcement.
“Hear Ye, Hear Ye. You need better options and now you have them.”
We are a facilitator for all retirement accounts and can save you money with flat fee annual fees for self directed 401(k)s and IRAs.
How would you like to have these annual fees reduced to under $200 per year? Better yet, how would you like to avoid transaction fees and same day service fees as well.
In the realm of checkbook IRAs; we have just unveiled the IRA Preservation Trust, which has been created by attorney Jay Douglas Swob and has been custodian approved. It is, in our opinion, everything good about checkbook control but with much less risk and expense.
The IRA Preservation Trust allows you to select your own trustee that moves your IRA funds into your selected Trustee’s bank, not the custodian. Anytime you want to buy a real estate investment, you direct your Trustee – not the Custodian – to send a check.
This easily avoids the expensive creation of a state chartered LLC and paying annual LLC fees. It also elegantly avoids the number one pitfall of self directed IRAs… prohibited transactions. By having someone else sign the checks you greatly reduce the likelihood of an error that could destroy what you worked so hard to build. Why do it any other way when this works nearly the same, costs less, and reduces your greatest risk?
If maximizing your retirement account’s value is important to you, then contact us now using the form below. This is a fantastic time to explore remarkable opportunities if you’re starting out, and if you already have an account elsewhere we’ll handle all the paperwork to transfer any homes, notes, or assets you’re paying fees on right now at no cost to you (while giving you support and the best ideas we have, in and out of the market, as part of the deal).
Make the effort. I’ll provide you a personal consultation and can help you save thousands of dollars every year with the same or better protection than you are getting from other providers.
We provide a better self directed account with better support; and it’s right at your fingertips.
Admin@FlatFeeIRA.com
