New Direction IRA Review
With a self-directed IRA, you can invest into almost any asset. You can have a gold IRA, a real estate IRA, or any other tangible asset that is allowed by the IRS. Many people don't realize that all major retirement accounts, including a 401k, can be self-directed or self-managed. With New Direction IRA, you will receive custodial assistance over your tangible assets purchased with your retirement funds and administrative help that you may need.
What Precious Metals Are Available For Purchase?
Because this is a self-directed IRA, you control what precious metals go into your gold IRA based on what your preferred metals trader has available. As long as the items conform to IRS specifications as to what you can own, anything is possible. This is most typically gold, silver, palladium, or platinum. You can also include other items, such as loans, real estate, and other allowable tangibles.
What Is the Buying and Selling Process Like?
Once you've discovered the gold or other precious metals that you want to include with your gold IRA or 401k, then you simply initiate the order with your metals trader. This will secure the precious metals and then you would initiate a transaction through New Direction. From there, the trader would ship to your custodian or to yourself for a private sale and the transaction would be completed.
What Are the Expected Timeframes For a Transaction?
All orders require a minimum of 10 business days to complete. During this time, a transaction can be cancelled by either party involved. In self-directed purchases such as what you'll find at New Direction, it typically takes about 18-25 business days but New Direction always do their best to ensure the transaction is completed as quickly and as smoothly as possible .
Is New Direction IRA the Right Organization To Use?
If you like the idea of directing your own purchases, then New Direction IRA might be one of the best gold IRA companies for you. New Direction are one of the very best companies out there to do business with as we have not found anything negative about them.