If you’re investing for retirement and want to include cryptocurrencies in your approach, a self-directed IRA (SDIRA) is an excellent option. Restrictions prevent investors from holding crypto in a traditional IRA. However, a SDIRA is an account for conventional securities and alternative assets, making it a flexible option. Where can you open a self-directed IRA for alternative investments?
1. Accuplan
Accuplan has assisted clients since 2007 and is a well-established option for those seeking alternative investments. However, the firm’s reputation for helping people prepare for their futures extends even further since it began as an estate-planning provider in 1985.
You can conveniently apply for an SDIRA online by providing personal details and your funding information, making it easy to invest in cryptocurrency, real estate or any other unconventional possibilities.
This firm manages over $1.5 billion in assets and has made self-directed investments central to its online platform, which is designed to help investors quickly and easily diversify their portfolios. If you’re interested in options beyond SDIRAs, Accuplan’s experts can describe employee wellness programs, business accounts and many other offerings.
Key Features
| Get continuing education to feel well-informed throughout your investment journey. | You can fund your SDIRA using three methods, enabling accessible options for your situation. |
| This provider charges a $349.95 annual fee rather than a percentage-based fee structure, offering consistency regardless of account growth. | Accuplan’s client dashboard is an investor-built solution, making it user-friendly. |
2. Directed IRA
Directed IRA is one of the top SDIRA providers and a particularly appropriate option for crypto enthusiasts due to its partnership with the Gemini digital asset exchange. It allows investors to open a crypto-specific self-directed IRA and use it to invest in anything Gemini offers.
Open the account online and fund it by making a new contribution or rolling over funds from an existing retirement account. Once the SDIRA is set up, you will have a Gemini account for trading and storage.
Directed IRA serves more than 20,000 parties and has over $2 billion in assets under custody. This firm also hosts an SDIRA summit and podcast, emphasizing its position as a trustworthy information source.
Key Features
| Transparent pricing and fee schedules. | Directed IRA’s crypto SDIRA is specifically for that investment type, making it ideal for focused choices. |
| The average processing time after funding your account is just three business days, so you can start trading soon. | This firm has built a reputation for fantastic customer service, earning more than 1,000 five-star reviews. |
3. Bitcoin IRA
Bitcoin IRA is another possibility for people who want to exclusively hold crypto. It was founded in 2016 as the first company to allow cryptocurrency access in retirement accounts. Once you open your self-directed IRA online, the company’s specialists will help you fund it with a bank contribution, rollover or transfer.
This provider protects your assets with military-grade security and many safeguards, such as industry-leading multisignature wallets and 100% offline asset storage. You can also trade 24/7 through the handy mobile app, which includes a personalized dashboard.
Bitcoin IRA offers numerous learning materials, such as videos, newsletters and articles. Whether you’re new to investing or want relevant tips to keep your knowledge current, there’s plenty to explore.
Key Features
| Open an account online in minutes. | Use your SDIRA to buy and sell over 75 cryptocurrencies. |
| More than 200,000 Americans have incorporated Bitcoin IRA into their investment strategies. | You can get custody insurance for up to $250 million, protecting your assets against loss, theft and misuse. |
4. Advanta IRA
Advanta IRA has offered SDIRAs to clients for more than 20 years, making it a reputable option. This provider has three strategically placed locations across the United States for maximum reach. Many of its employees have self-directed IRAs and apply their firsthand knowledge while offering assistance. They also maintain professional certifications and participate in ongoing professional development opportunities to keep their skills sharp in an evolving industry.
You can get started in three steps, all completed online at your convenience. After becoming a client, you can log into an online portal to track and manage activities. The website also contains digital forms you can download and review before completing them. Familiarizing yourself with the required information gives you time to gather documents or otherwise streamline the process.
Key Features
| Receive one-on-one service from your dedicated account manager. | More than $3 billion assets under administration. |
| Explore a comprehensive resource center that includes webinars, blog posts, podcasts and more. | You can invest in the stock market, cryptocurrency, and other alternative investments to tailor your portfolio. |
Where Can I Open a Self-Directed IRA for Alternative Investments?
These options are some of the best places to consider if you’re interested in setting up a SDIRA to enjoy more possibilities for retirement planning. Having a clear idea of your intentions before contacting these specialists will help you decide how to proceed.
Read Also: New Crypto Tax Reporting Regulations: Are You Prepared for the IRS Changes?
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