REI Wealth Magazine Featuring Kaaren Hall with uDirect IRA Services | Page 35
Creating your SDIRA
Opening up your own selfdirected
IRA is easy, but it will require setting it
up with a custodian who can handle
the administrative work for you to
make sure you get the tax breaks
you’re eligible for and that the IRS
requirements are met.
1. Open and fund your IRA
(using new deposit or move
money from an existing IRA or
another retirement vehicle)
a. Fill out an application
b. Provide proof of your identity (eg.
drivers’ license)
c.
Provide a method of payment
2. Choose your investment
3. Purchase the investment through your IRA
(note: the asset will not be in your personal
name, but will be held in the name of the IRA,
for your benefit (your custodian will send the
funds from your IRA to purchase the
investment)
4. Manage your investment
5. Sell the investment proceeds return to IRA
taxdeferred or taxfree and can be used for
future investments
Remember...the custodian you use is passive they
don’t give you advice, they’re just a holding entity,
that’s all.
When you’re looking for a home for your SDIRA, go
with an experienced company like UDirectIRA.
UDirectIRA provides administrative services for
investors.
“We help people invest outside the stock market to
improve their financial future,” said Kaaren Hall,
CEO of UDirectIRA. Investors should know that
selfdirected IRAs are a great way to invest in asset
classes that they understand.
“There is a retirement crisis in America. Ten
"We help people invest
outside the stock
market to improve
their financial future"
thousand people are turning 65 every day. In fact, I
read one article that said there are more older
people than there are children in the world, which is
a first time ever, so our population, on the whole, is
aging, but people aren't prepared to retire.
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