Switching to a Self-Directed IRA

[Olivia Tati]

Hiya! What are the best self directed IRAs for investing in real estate? Right now I have most of my money in my 401K with Fidelity but I want to just invest up to my match in my company 401K then switch the rest over to a self directed IRA

[Chris Policicchio]

I met Damion at a conference and presented on QRPs.  My take (this was in Q1-2018) was they were essentially the same as a SDIRA, except had a couple of distinct advantages.  Specifically, much higher contribution limits, no financial institution is required for a QRP, participants can borrow from their QRP (up to $50k) to be used for *any* purpose.  

That was really all it took for me. For my SDIRA, I had worked with uDirect IRA and they were partnered with American Trust. I had an account with uDirect and an LLC with checkbook control at Solera. This worked fine. But I still had to go through uDirect more than I would have liked *and* I couldn't borrow from the plan. Therefore, I decided to make the change.

So, if you are considering a SDIRA, I would strongly encourage you to reach out to Damion.