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  New Direction IRA’s Philosophy on Fees

 

• We disclose fees up front so that investors can compare and calculate net return.
• We base our fees on service provided, in this case bookkeeping associated with the account.
• We do not sell investments; so we are not taking a percentage of your IRA’s profits. And no commissioined sales people.
• We do not charge for incoming funds.
• Each account is assigned a designated Client Representative.
• We provide 24/7 access to your account via our Client Portal, myDirection.com.
• Bill-pay for your IRA-owned real estate via your myDirection account access is free.
• Your IRA can receive rent, note payments, and contributions electronically via eCheck.

Pay your NDIRA Fees:

New Direction IRA clients can pay invoices safely online using all major credit cards including Discover and American Express. A PayPal account is not required.

Please email ClientService@ndira.com with any questions.

Enter Your Invoice or Account Number:

Self-Directed IRA

New Direction IRA Fees

Real Estate Fees Breakdown: Download our Full Fee Schedule

Application Fee: $50 (One time only when an IRA is opened)
Transaction Fee: $250 (Per purchase/sale/exchange of real estate)
Annual Fee Per Property: $295 (Other fee options available)
Bank Wire: $30 (Per wire)
Overnight mail: $30 (Per mailing)
Outgoing check fee: $10 (Per check we print and mail. FREE w/online bill pay)

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Precious Metal Fees Breakdown: Download our Full Fee Schedule

Application Fee: $50 (One time only when an IRA is opened)
Transaction Fee: $40 (Per purchase/sale/exchange of metals)
Annual Fee: $75 accounts under $100,000 and $125 for accounts at or above $100,000
Bank Wire
: $25 (Per wire)
Storage Provider Fee: Varies depending on the storage provider

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All Other Assets Fees Breakdown: Download our Full Fee Schedule

Application Fee: $50 (One time only when an IRA is opened)
Transaction Fee: $95 (Per purchase/sale/exchange of an asset)
Annual Fee: Starts at $195/year (See fee options available)
Bank Wire: $30 (Per wire)
Overnight mail: $30 (Per mailing)

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HSA Fees Breakdown: Download our Full Fee Schedule

Application Fee: $25 (One time only when an HSA is opened)
Transaction Fee: $250/$40/$95 (Based on the asset type - Real Estate/Precious Metals/Other)
Annual Fee: $20 for cash-only accounts, $75 for combination of cash + brokerage account + one other investment
Bank Wire: $30 (Per wire)
Overnight mail: $30 (Per mailing)
Outgoing check fee: $10 (Per check we print and mail. FREE w/online bill pay).

Read more...

New Direction IRA Fee Basics:

New Direction IRA bases its fees on our bookkeeping labor.

  • We are committed to being upfront and transparent when it comes to fees.
  • We do not sell any investments, nor do we make money on what your IRA buys.
  • When your account activities necessitate paperwork, we charge for that action.
  • We offer FREE premium self directed IRA investment education.
  • We offer knowledgeable customer service.
  • We offer two annual fee options for non-precious metals assets.
  • Precious metals have a specific fee schedule.

There are basic fees you can expect to pay with a Self Directed IRA at New Direction:

$50 Application Fee: The only fee you’ll pay until you make an investment.
Transaction Fee: Each time you buy/sell/exchange an investment we charge a transaction fee.
Annual Fee: Annual fees cover the ongoing administration, bookkeeping, and IRS reporting for your IRA.
Additional Fees May Apply: Services like overnight mail, bank wires, cashiers checks, etc.
Distribution Fee: 0.5% of account value when you take a lump sum distribution and/or close your account. Maximum of $95 for precious metal assets and $250 for non-precious metal assets.

Real Estate IRA Fees

New Direction IRA recognizes the needs of the real estate investor by offering free online bill payments and a low, flat annual fee.

Our advanced online client portal allows you to easily and quickly make payments for things like taxes, insurance, HOA fees, etc. for FREE. Bill payment requests made via fax, mail, or email incur a $10 fee.

The flat rate annual fee is $295 per year no matter what the value of your real estate. That means that whether your asset is worth $50,000 or $5,000,000, your annual fee will be the same. Asset appreciation will also not affect this fee. (If, however, your IRA has more assets of lower average value, we also have a competitive annual fee schedule to fit your strategy.)

fees

Fee Example: Purchase Single Family Home (Value: $250,000)

$50 Application Fee to open your IRA
Free incoming rollover, transfer, and/or contribution
$250 Transaction Fee to acquire the real estate
$30 Outgoing Wire Fee to send funds to the closing
$295 Flat Annual Fee each year that the IRA owns the property
$0 Outgoing Check Fee for any bill payment request made via the online portal

Fee Example: Purchase Condo w/ 40% Down Payment (Value: $125,000)

When using leverage (non-recourse loan) to purchase real estate, the mortgage must be kept as a separate asset. The fee difference is an additional $95 transaction fee at the time of acquisition and $195/year for the loan until it is paid in full.

$50 Application Fee to open your IRA
Free incoming rollover, transfer, and/or contribution
$345 Transaction Fee to acquire the real estate and the non-recourse loan
$30 Outgoing Wire Fee to send funds to the closing
$295/year Flat Annual Fee each year that the IRA owns the property
$195/year Flat Annual Fee each year until the IRA pays the loan in full
$0 Outgoing Check Fee for any bill payment request, including loan payments, made via the online portal or $10 for payment requests processed using our PAL.

Gold IRA Fees

New Direction IRA allows the IRA holder maximum flexibility when it comes to their precious metals investment. The dealer and depository are selected at the discretion of the IRA holder. New Direction IRA takes care of the administration and bookkeeping; you make the decisions. Our annual precious metals IRA fee is only $75 for accounts below $100,000 and $125 for accounts at or above $100,000.

Once you have selected the metals to purchase, the dealer will submit an invoice to New Direction IRA. Included in that invoice will be the dealer's commission and shipping costs.

Depository fees vary by facility. You may pay the depository fees from your IRA cash balance or out of pocket.

Fee Examples: Account Value: $65,000

$50 Application Fee to open your IRA
Free incoming rollover, transfer, and/or contribution
$40 Transaction Fee (Per purchase/sale/exchange of metals)
$25 Outgoing Wire Fee (Per wire)
$75 Annual Fee (for accounts under $100,000)
Storage Fees – Vary depending on storage provider.

First Year Fees: $190 + storage
Following Year(s): $75 + storage

Fee Examples: Account Value: $90,000

$50 Application Fee to open your IRA
Free incoming rollover, transfer, and/or contribution
$40 Transaction Fee (Per purchase/sale/exchange of metals)
$25 Outgoing Wire Fee (Per wire)
$75 Annual Fee (for accounts under $100,000)
Storage Fees – Vary depending on storage provider.

Fee Examples: Account Value: $150,000

$50 Application Fee to open your IRA
Free incoming rollover, transfer, and/or contribution
$40 Transaction Fee (Per purchase/sale/exchange of metals)
$25 Outgoing Wire Fee (Per wire)
$125 Annual Fee (for accounts at or above $100,000)
Storage Fees – Vary depending on storage provider.

All Other Investments – IRA Fees

New Direction IRA offers competitive fees no matter what assets you choose. We realize that IRAs may have few high value assets or they may have many assets of lesser average value. We created an annual fee schedule to satisfy either IRA structure. Additionally, you can change your schedule if the structure of your IRA changes.

fees

Fee Example: Loan $60,000 to a third party securing the note with real estate

$50 Application Fee to open your IRA
Free incoming rollover, transfer, and/or contribution
$95 Transaction Fee (Per purchase/sale/exchange of any asset except real estate)
$5 Check Fee (To send IRA funds to the borrower)
$295 Flat Annual Fee for ongoing administration (Using Option #1 on the fee schedule)

Fee Example: Purchase private equity for $10,000

$50 Application Fee to open your IRA
Free incoming rollover, transfer, and/or contribution
$95 Transaction Fee (Per purchase/sale/exchange of any asset except real estate)
$5 Check Fee (To send IRA funds to the company)
$195/year Annual Fee for ongoing administration (Using Option #2 on the fee schedule)

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