{"id":11205,"date":"2020-06-05T17:26:35","date_gmt":"2020-06-05T17:26:35","guid":{"rendered":"https:\/\/udirectira.com\/?p=11205"},"modified":"2024-02-12T17:52:24","modified_gmt":"2024-02-12T17:52:24","slug":"11205-2-how-to-open-a-self-directed-ira","status":"publish","type":"post","link":"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/","title":{"rendered":"How to Open A Self-Directed IRA"},"content":{"rendered":"<p>You have heard about investing your retirement outside of Wall Street but how do you get started.\u00a0 This article will tell you exactly how to open a self-directed IRA.<\/p>\n<h3>Things to Keep in Mind<\/h3>\n<ul>\n<li>Your IRA is for retirement purposes only, not to give you extra cash today<\/li>\n<li>Your self-directed IRA can invest in most everything except life insurance contracts and collectibles<\/li>\n<li>Steer clear of <a href=\"https:\/\/www.irs.gov\/publications\/p590b\">prohibited transactions<\/a><\/li>\n<li>Do your due diligence as losses in an IRA are not deductible<\/li>\n<\/ul>\n<h3>Prohibited Transactions<\/h3>\n<p>Generally, a prohibited transaction is any improper use of your traditional IRA account or annuity by you, your beneficiary, or any disqualified person.<\/p>\n<p>Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendant, and any spouse of a lineal descendant).<\/p>\n<p>The following are some examples of prohibited transactions with a traditional IRA.<\/p>\n<ul>\n<li>Borrowing money from it.<\/li>\n<li>Selling property to it.<\/li>\n<li>Using it as security for a loan.<\/li>\n<li>Buying property for personal use (present or future) with IRA funds.<\/li>\n<\/ul>\n<h3>To open an account we need:<\/h3>\n<p>1)\u00a0Application (<a href=\"https:\/\/udirectira.com\/open-an-account\/\">Click Here<\/a>)\u00a0 Note:\u00a0 When you type on the IRA INTAKE FORM it auto-fills the rest of the document. Printed single-side only, not front &amp; back \u2013 No digital signatures (We need pages 1,3,5,20, 22 &amp; 23)<br \/>\n2)\u00a0Copy of your driver&#8217;s license or passport<br \/>\n3)\u00a0 Check for $50 for the set-up fee (made payable to uDirect IRA Services) or pay on PayPal<br \/>\n4)\u00a0 Copy of the statement from your current IRA or other retirement account<\/p>\n<p>5) W-9 form <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/fw9.pdf\">HERE<\/a><\/p>\n<p>To have your questions answered, call us Toll-Free at (866) 447-6598.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You have heard about investing your retirement outside of Wall Street but how do you get started.\u00a0 This article will tell you exactly how to open a self-directed IRA. Things to Keep in Mind Your IRA is for retirement purposes only, not to give you extra cash today Your self-directed IRA can invest in most&hellip;<\/p>\n","protected":false},"author":5,"featured_media":11208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Open A Self-Directed IRA - uDirect IRA Services, LLC<\/title>\n<meta name=\"description\" content=\"Self-directed IRAs allow you to stay in control of your retirement investing. 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Here\u2019s everything you need to know about opening and managing these accounts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/\" \/>\n<meta property=\"og:site_name\" content=\"uDirect IRA Services, LLC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uDirectIRA\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-05T17:26:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-12T17:52:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/udirectira.com\/wp-content\/uploads\/2020\/06\/IRA-uDirect-IRA-Services-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1920\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kaaren Hall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@uDirectIRA\" \/>\n<meta name=\"twitter:site\" content=\"@uDirectIRA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kaaren Hall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/\"},\"author\":{\"name\":\"Kaaren Hall\",\"@id\":\"https:\/\/udirectira.com\/#\/schema\/person\/4226cdbfe8048d9e88896a4a30bae58b\"},\"headline\":\"How to Open A Self-Directed IRA\",\"datePublished\":\"2020-06-05T17:26:35+00:00\",\"dateModified\":\"2024-02-12T17:52:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/\"},\"wordCount\":257,\"publisher\":{\"@id\":\"https:\/\/udirectira.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/udirectira.com\/wp-content\/uploads\/2020\/06\/IRA-uDirect-IRA-Services-scaled.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/\",\"url\":\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/\",\"name\":\"How to Open A Self-Directed IRA - uDirect IRA Services, LLC\",\"isPartOf\":{\"@id\":\"https:\/\/udirectira.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/udirectira.com\/11205-2-how-to-open-a-self-directed-ira\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/udirectira.com\/wp-content\/uploads\/2020\/06\/IRA-uDirect-IRA-Services-scaled.jpg\",\"datePublished\":\"2020-06-05T17:26:35+00:00\",\"dateModified\":\"2024-02-12T17:52:24+00:00\",\"description\":\"Self-directed IRAs allow you to stay in control of your retirement investing. 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