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Using Your Self Directed Account

Investing with a Self Directed IRA isn’t much different than investing outside of an IRA. There are a few minor differences and some rules to be aware of, but the team at Horizon Trust Company guarantee to make the process as easy and painless for you.

There are 6 basic steps to using a Self Directed IRA Account.

Step 1:

Establish and Fund your account with a Self Directed IRA Custodian – For most accounts with a Self Directed IRA Custodian, like Horizon Trust, all you’ll need is a signed application, copy of your driver’s license, signed disclosure forms, and method of payment for your contribution. To fund your account, deposit new cash or move funds from an existing 401(k), IRA or other retirement savings plan to your new account.

Step 2:

Identify Your Self Directed IRA Investment – Once you’ve identified an investment you’d wish to make with your Self Directed IRA account, the next step is to contact Horizon Trust, and fill out the direction of investment form. Let us know where you’d like to invest. Our team will assist you in getting everything filled out correctly and quickly for your investment.

Step 3:

Do your homework on the Investment – Before investing make sure you know and understand Self Directed IRA rules and regulations and then make sure you have the correct title on your investment; remember the investment needs to be titled in the name of your Self Directed IRA and not your name personally.

Step 4:

Request the Funds to Purchase your Investments – Horizon Trust, or the SDIRA Custodian of your choice, will review and process your direction of investment form, we send funds from your SDIRA to purchase the investment of your choosing, per your instructions.

Step 5:

Maintenance – You must maintain your investment. All expenses and profits related to your investment, must be made from and to your Self Directed IRA account.

Step 6:

Sell Your SDIRA Investment – When the time comes to sell your investment, you will need to negotiate the terms of the sale, and complete the investment forms instructing, Horizon Trust, to sell on behalf of your Self Directed IRA. The profits from the sale return to your Self Directed IRA, either tax-deferred or tax-free, and they are available to you to use again for future investments.