Recommendations for Self Directed IRA

[Bryan Pham]

Hello BP!

I recently left my W2 job and want to transfer my 401K over to a self directed IRA. I read a bunch of reviews online for various self-directed IRA companies but the testimonials are mixed.

What are some recommendations for a self directed IRA that I can rollover onto? Thank you!

[Dmitriy Fomichenko]

Bryan,

Here are the 3 main options to consider:

1) Custodial self-directed IRA, lower upfront cost but watch out for transaction and asset based fees, have to go through custodian for every transaction, might be inconvenient for certain investments.

2) Checkbook IRA (aka Checkbook IRA), eliminate transaction fees, higher upfront cost because of special purpose LLC, but long term will provide savings and most importantly a convenience of having checkbook control over your retirement assets.

3) Truly self-directed Solo 401k, requires self-employment activity or small business, the best option if you qualify.