September 7, 2008 - Finding a Trusted Custodian-Trust is Key to a Great IRA Investment RelationshipInvestment News You Can Use September 7, 2008 - Finding a Trusted Custodian - When looking for a qualified Trustee or Custodian for your self-directed IRA, do your research. Fees and services will vary from company to company. Consider their experience in dealing with IRA-invested real estate, leases, LLC’s, and other investments allowed by the IRS. Ask about the fees associated with each kind of transaction. Then sit down with your chosen trustee and open an account by rolling over funds from your traditional accounts. The trustee will be able to handle most of this for you. Remember, transferring funds from your traditional account is not like transferring cash from your savings account to your checking account. The assets will need to sold and liquidated first. |
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