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Updated about 4 years ago on . Most recent reply
Low Cost SDIRA Custodian (Small balance)
Having a hard time finding a low cost SDIRA custodian for a reasonably small balance. I do not want to move existing IRA funds out of the stock market but want to start putting new funds into various note investing funds inside a SDIRA. For a Roth that is 6,000 a year. Most custodians I find have a min of 200$ yearly admin fee. That plus account opening fees and transaction costs. If the funds target a 10% return , that's a 600$ return. At those prices it's more beneficial to just pay income tax at 25% on it. Especially when I would want to open one for my wife as well. 6k each.
What’s the sweet spot on asset value to have in a SDIRA. Anyone have a recommendation for someone low cost that makes sense for a small balance? Thank you