Open Account

Self-Directed 
IRA Fees

New Direction IRA's Philosophy on Self-Directed IRA Fees

  • We disclose all self-directed IRA fees up front so that investors can compare and calculate net return.
  • We base our fees on services provided, which in this case would include bookkeeping and administration associated with the account. 
  • When your account activities necessitate paperwork, we charge for that action.
  • We do not charge for incoming funds. 
  • Bill-pay for your IRA-owned real estate via your myDirection account access is free.

Services Included with Self-Directed IRA Fees

  • We provide 24/7 access to your account via our Client Portal, myDirection.com.
  • We offer FREE premium self-directed IRA investment education on our website, over the phone, during our convenient webinars, via email, and in person.
  • Your IRA can receive rent, note payments, and contributions electronically via eCheck. 
  • Annual Form 5498 reporting to the IRS for your account.      

What are Self-Directed IRA Fees?

Self-directed IRA fees are the expenses that allow your IRA provider to service your retirement account(s) in all the ways that are legally required by the IRS. This service includes ensuring your account(s) and investments remain in-step with IRS code, and that all paperwork and bookkeeping substantiates the legality of your account transactions in case the IRS chooses to investigate. Through this substantiation, account holders are able to maintain the tax-free or tax-advantaged statuses of their accounts.
 
Not all IRA providers have the same fees or fee schedules. At New Direction, our self-directed IRA fees are backed by industry-best convenience tools and innovative automated services that allow us to service your account quickly, efficiently, and effectively

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-rate 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.
 
The annual fee per-property is 295 per year, or 490 if leveraged. 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 value-based fee schedule (Option 2 below) to fit your strategy.

breakdown prices for real estate

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

  • 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.
First year total fees: 625 | Following years: 295

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 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 made via the online portal.
Approximate first year total fees: 915 | Approximate following years: 490

Download Our Full Fee Disclosure

Gold IRA Fees:

Application Fee $ 50.00 Application fee to open your IRA
Transaction Fee $ 40.00 Transaction fee (per purchase/sale/exchange of metals)
Outgoing Wire Fee $ 25.00 Outgoing wire fee (per wire)
Annual Fee $ 75.00 Flat annual fee for accounts under $ 100,000

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 Example: 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 total fees: 190 + storage | Following years: 75 + storage

Fee Example: 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.
Approximate first year total fees: 190 + storage | Approximate following years: 75 + storage

Fee Example: 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.
Approximate first year total fees: 240 + storage | Approximate following years: 125 + storage

Download Our Full Fee Disclosure

All Other Investments:

Application Fee $ 50.00 Application fee to open your IRA
Rollover, transfer and/or contribution $ 0.00 Free incoming rollover, transfer, and/or contribution
Transaction Fee $ 95.00 Transaction fee (per purchase/sale/exchange of any asset except real estate)
Check Fee $ 5.00 Fee to send IRA funds to the borrower
Annual Fee $ 295.00 Flat annual fee for ongoing administration (using Option #1 on fee schedule)

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.

breakdown prices for real estate

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: Purchasing 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)
Approximate first year total fees: 345 | Approximate following years: 195

Download Our Full Fee Disclosure

Private Equity:

Application Fee $ 50.00 Application fee to open your IRA
Check Fee $ 5.00 Fee to send IRA funds to investment manager
Transaction Fee $ 95.00 Transaction fee (per purchase/sale/exchange of any asset except real estate)
Annual Fee $ 295.00 Flat annual fee for ongoing administration (using Option #1 on fee schedule)

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.

breakdown prices for real estate

Fee Example: Purchase private equity for 60,000

  • 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 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)
Approximate first year total fees: 345 | Approximate following years: 195

Download Our Full Fee Disclosure

Checkbook IRA:

Application Fee $ 50.00 Application fee to open your IRA
Check Fee $ 5.00 Fee to send IRA funds to investment manager
Transaction Fee $ 95.00 Transaction fee (per purchase/sale/exchange of any asset except real estate)
Annual Fee $ 295.00 Flat annual fee for ongoing administration (using Option #1 on fee schedule)

New Direction IRA offers competitive fees no matter which 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.

breakdown prices for real estate

Fee Example: Owning a checkbook LLC with your IRA with a value of 60,000

  • 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 borrower)
  • 295 Flat Annual Fee for ongoing administration (Using Option #1 on the fee schedule)

Fee example: Owning a checkbook LLC with your IRA with a value of 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)
Approximate first year total fees: 345 | Approximate following years: 195

Download Our Full Fee Disclosure

Private Lending:

Application Fee $ 50.00 Application fee to open your IRA
Check Fee $ 5.00 Fee to send IRA funds to investment manager
Transaction Fee $ 95.00 Transaction fee (per purchase/sale/exchange of any asset except real estate)
Annual Fee $ 295.00 Flat annual fee for ongoing administration (using Option #1 on fee schedule)

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.

breakdown prices for real estate

Fee Example: Loan 260,000 to a non-disqualified party (secured or unsecured)

  • 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 a portfolio of 4 loans for a total of 25,000

  • 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 (fee to send IRA funds to the company)
  • 250/year Annual Fee for ongoing administration (using Option #2 on the fee schedule)
Approximate first year total fees: 400 | Approximate following years: 250

Download Our Full Fee Disclosure

Loading