Step-by-Step Guide to Acquire Securities
Step 1 – Open and fund your IRA – It takes New Direction IRA two business days to open your account once your application is in the office. Then you will fund the account with a rollover, transfer, and/or contribution. This may take several weeks, so plan for that in your timetable.
Step 2 – Choose a brokerage house at which to have your IRA set up an account. Ask us about discounted NDIRA brokerage house fees.
Step 3 - Fill out a Buy Direction Letter and submit it to NDIRA.
Step 4 – New Direction sends IRA funds to the brokerage house, and you initiate the account activity.
New Direction IRA is not a licensed brokerage and cannot hold or trade publicly traded stock directly. To purchase stocks, bonds, or mutual funds, the IRA holder instructs us to open a brokerage account that will be used to purchase the securities. Note that brokerage house fees are separate from NDIRA fees.
Learn about New Direction IRA Brokerage Fees.