IRA Trust Setup & Maintenance Info
The Importance of Getting it Right
There’s no doubt that the Check Book IRA is an awesome structure. The number of things that can be done is impressive, and the ease with which they can be done is a breath of fresh air. Having said that, as with anything in life, it’s important to get things right. This is your retirement we’re talking about, after all.
It’s important that you understand what can and cannot be done with the structure, and what will be involved going forward. We’re here to help with that, and make it a point to spend as much time with our clients as needed in order to help them feel comfortable and understand what is expected of them.
Even after you’re set up, you can call or email us with questions. It’s all part of our job to back you up, and be here for you if you run into something that doesn’t make sense.
Setup Fees
$1,300
This is our fee to set up the structure. In the section below, you will be able to see what this fee includes. You can pay this fee from your IRA, or you can pay it with personal funds.
$150
This is what Our Qualified Custodian charges to open a new IRA, and pay the first year’s account fee. This fee comprises the account application fee, and the IRA’s first year Custodial account fee. This fee can be paid by credit card.
Yearly Fees
$150
This fee will be charged by the Our Qualified Custodian to maintain your IRA from year to year. It is a flat annual fee.
What's Included
During the setup process, we:
• Assist you in establishing a new Self-Directed IRA with Our Qualified Custodian
• Assist you with transfers or rollovers of old accounts
• Prepare Trust agreement and Certification of Trust that is IRS compliant
• Secure a Federal Tax ID or EIN for the LLC, listing the IRA as the owner
• Obtain EIN for IRA once established
• Assist you with, and answer any questions relating to, the funding of the Trust
• Finalize account with Document Package needed for operating the Trust for investments
• Provide ongoing telephone and email contact – once you’re a client, you’re always a client
The Custodian
We use a number of Custodians, and in the course of the 12 years that we’ve been in business, we’ve worked with virtually every self-directed Custodian of note in the country.
We've Got Your Back
We understand what it’s like to have the kinds of questions you probably have about the Check Book IRA structure. Even if you’ve been spending time on our site, and have familiarized yourself with the basics, you’ll still scratch your head occasionally when it comes to specific investments, or the ins and outs of a particular investment you may have in mind.
Since 2004, we’ve been proud to maintain an open-door policy with all clients. Have a question? Just ask us. We’ll be happy to help you with whatever questions you have, and clear up any confusion. Need a CPA for a sticky tax question? If we can’t help you, we’ll turn you over to an excellent CPA we work with. Need an attorney who is an expert in IRA law to draw up a contract, or look at a complex transaction? Again, if we can’t help you fully, we’ll turn you over to an attorney we work with, who specializes in IRA and ERISA law.
We want to ensure you have what you need, so you’re able to rest easy knowing if you have an issue that requires expert attention, we will be there for you. If it’s something we can’t handle, we’ll put you in touch with someone who can.
Clients in all 50 States, and 34 Countries!
Our clients are all over the world. We’ve been lucky enough to spread the globe with our client base, and we’re proud of having helped such a widespread group of clients take control of their retirement.
We are proud of our perfect A+ Better Business Bureau rating. We’ve never even had a complaint.
Click here to review our company on the Better Business Bureau website.