When converting to a Self-Directed IRA/401k, the reason to avoid custodians is simple. Well, there are 4 reasons really.
With a custodian, you give custody of your retirement funds to yet another financial institution who acts as a middleman. This means when you request a transaction, you have to wait for them to process it.
LIMITED INVESTMENT OPTIONS
Because the ultimate “approval” of each requested transaction is up to the custodian, many of your 100% legal transactions get denied due to company policy or just due to the discretion of one of their employees. The whole point of self-directed investing is to reclaim control of your funds YOURSELF, isn’t it?
As the U.S. government continues to look for funding sources, several pieces of proposed legislation would “nationalize” your retirement accounts. Because a custodian is directly chartered and regulated by the government, your money would instantly disappear in the event of “nationalization.”
You’d think with confiscation vulnerability, limited investment options, and unnecessary delays… that custodians would be the cheapest solution, right? Well, they lure customers in with low setup fees (typically $50), and then on average their maintenance fees (automatically taken out of your retirement account) are usually thousands of dollars per year and TENS OF THOUSANDS of dollars per decade.
Avoiding custodians unlocks the pathway to REAL control of your investments. No delays, no investment limitations, no confiscation vulnerability, and extremely low costs. Speak with a representative now at 877-903-2220 or find out more here.