self-directed IRA

(redirected from Self Directed IRAs)

Self-directed IRA

An IRA that the account holder can after appointing a custodian manager to carry out investment instructions.

Self-Directed IRA

An IRA in which the account holder has a great deal of control over the investments made on the account. That is, either the account holder or a designated representative has the ability to make investments with the contributions made to the account. Generally speaking, a self-directed IRA exists through a brokerage, which makes investments on behalf of the account holder. The brokerage may charge an annual fee for managing a self-directed IRA in addition to the commissions it charges on the individual trades.

self-directed IRA

An individual retirement account that permits its owner to have wide latitude as to types of assets and control over the investments within the account. A self-directed IRA generally refers to IRAs established at brokerage firms in which customers may buy and sell securities. Brokerage firms frequently charge an annual fee of up to $50 in addition to commissions on any trades in an account.
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The firm has become an industry leader in administering alternative investments for Self Directed IRAs and Solo 401(k)s, creating Automatic Rollover solutions, breaking new ground with integrated solutions in Health Savings Accounts, and creating unique trading platforms in Investment Advisor Services.
Established in 1989, PENSCO Trust Company is the country's only single-service special asset custodian for self directed IRAs, with over $1.
Tempest is pleased that it was able to achieve this milestone through Lincoln Trust, who has provided trust services for over 40 years and pioneered the concept of self directed IRAs, in response to the Employee Retirement Income Securities Act (ERISA).

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