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Frequently Asked Questions

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What is a Third Party Administrator?

A Third Party Administrator is a company that offers record keeping for Individual Retirement Arrangements. The Internal Revenue Service does not allow an individual to do their own record keeping. It must be done by a third party who keeps track of your Individual Retirement Account and completes all of the required reporting to the IRS in order to keep your money in a tax-deferred status.

Many brokerage houses and banks offer "self-directed" retirement plans. What is a self-directed retirement plan and can my broker do this?

The term "self-directed" means you, the customer, have complete decision making powers on your investments. Unlike a stock, bond, or mutual fund where others either control or manage the investment, you are in total control. In other words, many firms say they offer "self-directed IRAs" but what they really mean is that you choose your investment from a pre-determined list of products they, the broker, offers.

What does IRA Resources do with the un-directed funds in my account?

All un-directed cash in each IRA held with IRA Resources, Inc. is placed in FDIC insured banks. IRA Resources utilizes multiple depository banks. As a result, all un-directed cash is insured, many times, over the $250,000 FDIC insurance limit.

The (FDIC) is an independent agency of the United States government created to protect depositors in the event a bank fails and cannot refund their money. The FDIC insures deposits only. It does not insure securities, mutual funds, or other alternative investments. If a bank fails, the FDIC will refund up to $250,000 in deposits per depositor, per insured bank, for each account ownership category.

In these troubling times, safety and security are paramount. Especially when it comes to Americans' retirement savings. An IRA Resources account provides peace of mind for you knowing that your un-directed cash funds are secure.

You can learn more about FDIC coverage and limits at www.fdic.gov

Do you ever recommend Financial Professionals who do Private Placements?

No, IRA Resources will not recommend product or providers. We strictly do record keeping on behalf of your plan. You must make your own decisions. You approve everything you do relevant to your account. We follow your orders.

I just transferred my account between custodians. Can I transfer my account again this year?

Yes, you can initiate transfers between IRA accounts as many times in one calendar year as you wish. These are called trustee to trustee transfers. The IRS does not place any limits on the number of times you may move your IRA as long as you do not take possession of these funds directly.

How much do you charge to administer my plan?

Our very competitive fee schedule makes us an obvious choice for you as a Third Party Administrator for self-directed IRA. Please refer to our Fee Disclosure for details.

Have more Questions?

Contact us at (888) 322-6534 one of our account specialists will be happy to help you.

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IRA Resources, Inc.
6825 La Jolla Blvd
La Jolla, CA 92037
Private Placement Specialists for Self-directed Retirement plans
Phone: 888 322-6534
Phone: 858 459-1212
Fax: 858 459-6565