SDIRA Custodian Recommendations

[Ian Green]

Hi everyone,

I am looking for some recommendations for SDIRA custodians. I have heard a lot of good things about QuestIRA, especially for buying notes in. However after looking at their fee schedule, they seem very expensive when it comes to admin fees. A 50k IRA will cost you 375$ a year in Admin fees. A 100k balance IRA will cost you 525$ a year in fees, etc etc going up and up.

They do have an option of a flat 295$ if invested in one asset. But still to me that's a lot.

Any other good places that are more reasonably priced? Or is this the cost of having a Self Directed IRA?

Thanks
Ian

[Carl Fischer]

@Ian Green

Prices are fairly similar in the industry. What do you plan on doing? How much money do plan to invest. Some companies also don't charge a yearly fee until you invest in an asset. 

A checkbook Ira can cost approx $275/year. However, You may have to pay state filing fees and possibly tax return filing fees. 

I personally use a seperate IRA for each asset that carries liability such as real estate. Cheap asset protection system. Keep that in mind as well. There is usually a reason for pricing structure and competition keeps it fair.

The fees you mention are usually insignificant when you compare to tax savings. It's less than a buck a day. Look for knowledge and service as well as price. 

Good luck!