The IRA Club is a well-known institute that also provides services for self-directed IRA to assist you in making the right investment options. This financial institute brings you a variety of areas for investment, such as precious metals, real estate, commodities, and a lot more that you dont find in a conventional IRA. To avail of their service and to set up an account, you have to pay for an annual membership, an account setup fee, and a yearly fee for the contributions that are in your account.

What We Think of the IRA Club

We have evaluated the performance and reputation of the IRA club based on the reviews of their customers and clients. So here is what we think of IRA Clubs services.

Reliable Customer Support

The IRA Club is a preferable option for those who are looking to invest in multiple areas and build their retirement portfolio with savings. Most of the reviews on the IRA club are genuinely positive. One common service by the IRA club that was loved by most of the reviewers on Trust Pilot as well as their stellar customer service. The IRA club provides you with professional and reliable support with its active team of financial professionals to guide you with non-traditional investing opportunities.

Less Competitive Fee Structure

The IRA club also differs from its competitors and similar financial advisors when it comes to the fee structure. The account setup fees are relatively cheaper as compared to their competitors. Moreover, the yearly membership fee is also fairly reasonable. However, the IRA Club will charge you a yearly fee for the assets that you are withholding in your account. The annual fee imposed by the IRA Club can begin from $125 per year and it can go up to $165 per year, which is quite a lot as compared to the other companies.

Annual Membership

Besides paying a yearly fee on the assets that you withhold in your account, you also have to pay a yearly membership fee that costs $175 per year. However, if you are in search of a highly reliable SDIRA provider, then its worth paying those fees for availing service from the IRA Club.

What Types of Accounts Are Offered by the IRA Club?

IRA Club offers a wide range of accounts and you can choose to avail one that suits your financial and investment needs according to their description mentioned below.

• Roth Self-Directed Individual Retirement Account: The contributions made to the Roth SDIRA are based on post-tax dollars. Hence, the withdrawals tax or any other type of tax is not considered a part of income tax.
• Traditional SDIRA: The traditional Self-Directed Individual Retirement Account deducts tax on contributions and withdrawals as well.
• SEP Individual Retirement Account: The SEP IRA is exclusively made to benefit the business owners who are willing to invest large amounts at their retirement. Tax will be deducted from your contributions and the percentage of contribution goes up to 25% of the net income.
• Simple Individual Retirement Account: The Simple IRA is the type of account that lets the employers contribute to a conventional individual retirement account for the employees. The tax on contributions in this type of account can be delayed.
• Medical Health Savings Account: The funds contributed to this type of account can only be used for medical reasons, and you have to pay tax on them as well. If there are any funds in the account that you havent used, they will be transferred to the next year.
• Self-Directed Health Savings Account: The Self-Directed Health Savings Account brings you the same benefits of the standard MHSA account and gives you the freedom to invest in the wide range of assets that are brought to you by IRA Club.
• Solo 401(k): This type of account is the most famous option in America and is considered the qualified retirement plan for those who are self-employed. If you are an employee, you can make contributions with pre-tax dollars, which is why you have to pay tax on them.

How to Join IRA Club?

IRA Club provides reliable support for members via their online service and contact number 312-795-0988. You can either call them to join as a member and the operator will facilitate you with the process. Alternatively, you can submit an online application by following these steps.

1. Visit the website of the IRA Club.
2. Choose the option to Open an Account.
3. Select the type of account that you are willing to open.
4. Enter your personal information in the online application, including your Full Name, Date of birth, social security number, and source of funding.
5. Based on the type of account you have chosen; the IRA Club online portal may ask for your Credit Card information for charging the account setup fee. Therefore, make sure to provide a valid credit card.
6. Upload a photo ID, and thats it.

What are the Eligibility Criteria for the IRA Club?

Here are some of the conditions that you have to maintain in order to be eligible to become a member of the IRA Club.

• A permanent United States region address.
• United States residency/citizenship.
• Age of 18 or above.
• The least amount to the deposit is $500.

Conclusion

IRA Club is a reliable company to take financial support and to setup your IRA account. With the experience that goes back to 1995, this investment club holds a guaranteed legitimacy. So, if you are someone who is looking for hassle free retirement solutions and professional support to invest in the right areas, we recommend you to join the IRA Club. The only downside of the IRA Club is that it imposes a minimum balance requirement and charges a per-asset fee.