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Buying an Asset in Your IRA

Once you have your self-directed IRA open and funded, it’s time to invest.  You can invest your IRA dollars in anything except life insurance contracts and collectibles.  Keep in mind the rules about prohibited transactions when investing.  We have a 3-5 business day compliance review turn-time for submitted documentation.

Process to Invest Your Self-Directed IRA:

  1. In Section 7 of this form, please indicate the following:
  • Asset being acquired
  • Amount to disburse
  • Disbursement method
    • Check -Need name of payee and address to send check to
    • Wire - Need wire instructions.  If wire instructions are printed on a separate page type “see attached” then sign the actual wire instructions.
    • NO DIGITAL SIGNATURES
  • Provide the supporting documentation
  1. Buying Real Estate?  Provide an “Offer to Purchase”
  2. Buying units of an LLC?  Provide a “Subscription Agreement”
  3. Making a Note?  Provide a signed copy of the Note
  • The investor should be identified as follows:
  1. American Estate & Trust, LC FBO ’s IRA
  2. Be sure to indicate % of ownership on title for multiple investors

No Digital Signatures

When your IRA buys an asset, you don't sign the docs.  We sign the docs on behalf of your IRA.

Submit your DOI & supporting documentation in one of the following ways:

  1. Scan & e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
  2. Fax to 866-538-3539
  3. Mail to 2522 Chambers Rd, Ste 100, Tustin, CA 92780
If your advisor needs the signed investment documents back, let us know up-front.

Selling an Asset in Your IRA

When money is being wired to your account , make sure there is sufficient text in the wire (in the beneficiary/notes sections) to let us know what this is for.  When funds are sent by check we also need information regarding the source of the funds. This way we can easily identify the funds and post them accordingly.

Any questions?  Call us at (714) 460-5505 or toll-free at (866) 538-3539


What You (The Investor) Does

◆ Does all the homework on the investment risk
◆ Chooses the investment
◆ Conducts all due diligence
◆ Negotiates the price of the asset
◆ Makes sure investments are not prohibited by IRS
◆ Makes all investments in the name of the IRA account
◆ Makes sure transactions don't include disqualified persons
◆ Monitors their account
◆Completes documents or has them completed

Services uDirect IRA Services Provides:
◆ Administers the sales and purchases of assets, and processes invoices
◆ Administers account contributions and distributions
◆ Signs documents on behalf of the IRA
◆ Provides accurate and timely IRS reporting
◆ Provides IRA account record-keeping
◆ Provides an online statement available 24/7

What uDirect IRA Services Does Not Do:
◆ Endorse any particular product or company
◆ Offer products or recommend investments
◆ Provide tax or investment advice
◆ Provide legal or financial advice
◆ Supply investment templates
◆ Complete or alter account-holder’s forms or legal documents

 


 

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Fraud Awareness

Here are some helpful resources:

www.investor.gov
800 732 0330 The Securities and Exchange Commission (SEC) is dedicated to helping Americans protect their investments.

www.nasaa.org
202 737 0900 The North American Securities Administrators’ Association (NASAA) provides information on investor education.

www.finra.org
301 590 6500 The Financial Industry Regulatory Authority (FINRA) has an “Investor” section on Smart Investing.

www.aarp.com
888 687 2277 American Association of Retired Persons (AARP) includes a section on scams, fraud and consumer protection.