07/15/2024 10:48:10 AM

New Direction IRA, Inc.

Self-Directed IRA Custodian

New Direction IRA Inc (NDIRA) is now New Direction Trust Company (NDTCO)

What Is A Self-Directed IRA Custodian?

Just like other types of IRAs, precious metals IRAs (aka Gold IRAs, Silver IRAs, etc.) must be in the possession of a trustee or “custodian” in order to remain in compliance with IRS requirements. This means that Precious Metals Investments made in an IRA account must be held by an authorized custodian. A Self-Directed IRA Custodian acts as a fiduciary and it is their job to make sure that your IRA assets are correctly titled and that the necessary reporting requirements and paperwork are all accurate and in order. A self-directed IRA custodian is required to secure and protect your assets and always act in your best interest. The custodian is also required to provide regular account statements.

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