Set Up Self-Directed IRAs Online

Yes, you can withdraw funds from your self-directed IRA (SDIRA) before reaching age 59½, but there are penalties and taxes to consider:

• Traditional SDIRA: Early withdrawals before age 59½ are typically subject to a 10% early withdrawal penalty and regular income tax on the distribution amount. However, there are some exceptions, such as for qualified first-time home purchases, certain medical expenses, or disability, which may allow for penalty-free withdrawals.
• Roth SDIRA: Contributions to a Roth SDIRA can be withdrawn at any time, as they are made with after-tax money. However, any earnings on those contributions are subject to the same early withdrawal penalty and taxes as a traditional SDIRA unless you meet certain exceptions.

At Entrust, we have designed our fees to adapt to every type of investor. Whether you invest $20,000 or $2,000,000 in a self-directed account, our fees are scaled to match the complexity of administering your account and make sure you have quality service and access to SDIRAs at a reasonable price.

Here are our four main fee types:

• Account Establishment Fee: A one-time fee required to open your self-directed IRA account.
• Annual Recordkeeping Fee: This covers the ongoing work to keep your account in compliance, including IRS reporting, recordkeeping, and administrative services.
• Asset Purchase and Sale Fees: These are one-time fees for the paperwork and processing involved when you buy or sell an asset through your IRA.
• Transaction Fees: These one-time fees apply to specific transactions like issuing paper checks, processing stopped checks, or handling expedited requests.

No, you cannot take direct custody of your self-directed IRA assets. The IRS mandates that a third-party custodian or trustee must hold the assets on behalf of the account holder. While you can make all the investment decisions, the custodian is responsible for handling the transactions and maintaining records.