Self-Directed IRA Account
Owning a self-directed IRA account unlocks a world of possibilities for your retirement account, and they’re well-known for providing access to unconventional assets like private loans, real estate, partnerships, and more. But did you know that you can further diversify your self-directed IRA account by investing in stocks?
American IRA has a strategic alliance with Charles Schwab, allowing you to have stocks within your self-directed IRA account. When you’re looking to invest in stocks with your self-directed IRA, American IRA will set up a fiduciary Charles Schwab account per your direction. This account will give you the ability to trade online. Aside from the ability to further diversify and trade in stocks and due to the fact that your Charles Schwab account is inside your self-directed IRA account, you have the ability to move funds quickly. That’s right: if you want to use funds from your Charles Schwab account for a different alternative asset, you can get those funds transferred within days versus the 2 to 3 weeks it generally takes to transfer funds.
That being said, there are several aspects that you should be aware of. For example, it takes from 5-10 days to open a Charles Schwab account within your self-directed IRA account. Also, your account can’t be at risk of going below a $0 balance, and you can’t move funds between your personal account and your self-directed IRA Charles Schwab account.
For additional information about the many benefits and a few other guidelines involved in setting up and using a Charles Schwab account within your self-directed IRA account, we encourage you to have a look at American IRA’s brokerage account page here.
If you have any questions about opening a new account, contact us at 1-866-7500-IRA(472) or info@americanira.com. If you’d like to transfer your existing portfolio, contact us at 1-866-7500-IRA(472) or transactions@americanira.com.