How to Transfer Your IRA to a Self-Directed IRA in 5 Steps [Video]

By The Entrust Group, Jan 11, 2016 , in Alternative IRA Investments, Account Types

Funding a self-directed IRA with a transfer is the first step to investing with these tax-advantaged savings accounts, so it is a necessary part of holding alternative investments in your retirement account. Let's take a closer look at transferring your IRA funds into a self-directed IRA:

A transfer transaction refers to the process of funds being moved between two financial institutions. For example, John has an IRA set up with his local bank, and he has been using his account to invest in stocks. He wants to expand his investment options to real estate, so he decides to transfer his IRA funds to a self-directed IRA.

John requests a transfer from his bank, directing them to move the funds to his chosen self-directed IRA administrator, like The Entrust Group. After putting in his request, John can sit back and let the financial institutions do the work of ensuring the transfer.

How to transfer your IRA to a self-directed IRA in 5 simple steps: