Set-up a Self-Directed IRA or Solo 401(k)

Take the first step toward investment freedom.

How to Open Your Self-Directed IRA or Solo 401(k) Plan

Filling out the form only takes a few minutes and the process is incredibly simple.

Here's what you'll need

  • Personal information: Social security number, home address, date of birth, etc.
  • Government-issued ID: A digital copy or picture of an unexpired state-issued ID, driver's license, or your passport showing your signature.
  • Credit card: Form of payment for the account establishment fee.

Additionally for Solo 401(k)

Need help with this process?

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Why Self-Direct My Retirement Account?

Alternative Assets Are Not Allowed By Most Banks

IRAs and Solo 401(k)s typically consist of stocks, bonds, and mutual funds as the primary assets. However, if you desire to enhance your savings with alternative options such as real estate, you will require a self-directed retirement account.

Simple Pricing, Low Fees

Our fees are transparent and easy to understand. We keep it simple.

Self-Directed IRAs

Traditional, Roth, SEP, and SIMPLE IRAs: Our annual fee includes one asset and cash in the account. 

$199/yr

Additional assets $75/each

Self-Directed Solo 401(k)

The annual fee includes all premium features.

$899/yr

No additional fees

Self-directed plans + ALTERNATIVE Assets

Control the assets in your retirement account.

Unlock the potential of your retirement account and take control of your financial future. Discover the power of self-directed plans and alternative assets. Schedule a complimentary consultation today to explore how you can seamlessly transfer your account—no taxes, no penalties! 

Book a Free Consultation

 

FAQs: How to Open a Self-Directed 401(k) for Self-Employed Individuals

How do I move my Charles Schwab Solo 401(k)? 

If you're looking to transfer your Charles Schwab Solo 401(k), there's no need to cancel your plan altogether. Instead, all you have to do is terminate your service with Charles Schwab specifically for the plan. Don't worry, we'll guide you through this seamless process when you choose to move your account to IRAR.

Can an individual open a 401(k)? 

No. However, if you are your own boss and have no employees, you have the opportunity to open a Solo 401(k). If you don't have a business, don't fret! You can still explore the options of opening a Traditional IRA or a Roth IRA.

How do I move my Solo 401(k) to a Self-Directed Solo 401(k)? 

In order to move your existing plan to a self-directed plan that allows alternative assets like real estate, you need to set up an account with a custodian that allows alternative assets. Research Self Directed IRA companies and compare fees and services.

FAQs: How to Open a Self-Directed IRA

How do you open a self-directed IRA? 

Opening a self-directed IRA is not so hard and you can do it yourself. You will need to open the account with a self-directed IRA custodian. Be sure to compare custodians first. You will need to have a digital copy of a government issued ID or Driver's License— a passport is also acceptable by most financial institutions. If you existing retirement savings you can move these to your new self-directed IRA. This is the first step to self-directed investing.

Where can you open a self-directed IRA? 

You can open an IRA account at IRAR Trust because IRAR Trust is a custodian for self-directed IRAs. Not all banks or financial institutions offer self-directed IRAs. In fact companies like; Fidelity, Schwab, or Wells Fargo to name a few, do not allow you to invest in alternative assets such as real estate or private equity in IRAs. You should always research and  compare custodians before opening an account.

Can I open a self-directed IRA online? 

Yes. You can open an IRA online by completing a new account application. It's very easy. You just need to have a digital copy of your driver's license or personal ID (pdf or image.) Make sure the copy is legible. If you are moving existing retirement savings to your  new IRA, you will receive additional instructions via email.

Is a self-directed IRA the same as my Vanguard IRA? 

A self-directed IRA allows alternative, tangible, assets, like real estate and you choose the investments (not from a list). More than likely, you do not have a self-directed IRA.