How do you know when you’re working with the best Self-Directed IRA Custodian? It may seem like a difficult question at first. But when you dial into the specifics, you’ll see there are indeed some highly tangible traits that help define whether you’re working with a high-quality IRA Custodian—or whether it’s time to change your strategy. Here at American IRA, we of course like to highlight our role as being the best Self-Directed IRA Custodian around. However, we’re not going to tell you something like that without explaining what the best IRA Custodian should look like.

Defining the Self-Directed IRA Custodian

It starts with a definition. What exactly does a Self-Directed IRA Custodian do, anyway? This is a Self-Directed IRA administration firm, typically, that serves as the custodian on your IRA account. This means that they’re responsible for basic administration, but not the decision-making. The decision-making lies with you, the account holder. With the custodian on your side, you can direct a Self-Directed IRA administration firm to make investments on your behalf.

The beauty of self-direction is that you’ll have a wide variety of retirement asset classes to choose from when you do your own deciding. For example, if you want to invest in real estate, it’s possible to do that with a Self-Directed IRA. If you want to invest in precious metals, it’s possible to do that with a Self-Directed IRA. In fact, you can invest in an entire range of asset classes, including:

• Real estate
• Precious metals
• Private companies and private stock
• Cryptocurrency
• Private notes and loans
• Tax liens

…and that’s just a sampling of the options available to you. Of course, before you do that, you’re going to need to know who constitutes the best Self-Directed IRA Custodian to work in your corner.

How to Determine the Best Self-Directed IRA Custodian

As custodian on your account, your Self-Directed IRA administration firm will charge a small fee. To that end, it’s important that you understand how these fees are structured, because this will have a major impact on your ability to generate wealth in a retirement account.

Typically, a Self-Directed IRA administration firm charges you more as your account gets larger. This is a flexible fee structure that means as you expand your list of assets, for example, you might pay out larger fees to the custodian on the account. However, with American IRA, our pricing structure is a flat structure. That means that you can theoretically have one investment in your account grow in terms of value over time, while still paying the same flat fee to American IRA. With this in mind, you would theoretically have a lower fee in relation to the size of your portfolio over time as the account’s value grows.

In other words, the Best Self-Directed IRA Custodian isn’t just one that carries out your directions, but also handles fees in a way that doesn’t interfere with your retirement ambitions. A great IRA Custodian should also have the experience and know-how to understand the world of self-directing, key retirement rules, and how they all interact.

Interested in learning more about Self-Directed IRAs?  Contact American IRA, LLC at 866-7500-IRA (472) for a free consultation.  Download our free guides or visit us online at www.AmericanIRA.com.