SELF DIRECTED IRA APPLICATION Trust Company of America Form

Instructions and help about SELF DIRECTED IRA APPLICATION Trust Company Of America

[Music] we're bringing it back to the basics with our self-directed ira education and we're going to be answering the question what is a self-directed ira the best place to start will be with the term self-directed most people think that a self-directed ira is a special account that you can get but in reality the term self-directed is just a marketing term there is no legal distinction between an ira at a private custodian like quest trust company and an ira at a public custodian like let's say fidelity the real difference is in what you're allowed to invest in so with an ira at a public custodian you can invest in publicly traded assets such as stocks bonds and mutual funds with your self-directed ira at a private custodian you can invest in alternative investments such as real estate notes oil and gas and private placement investments now that we've established what a self-directed ira is let's talk about the different accounts that can be self-directed at quest trust company we hold