For those looking at a self directed Roth IRA w/ LLC, I've generated a comparison table by feeding and vetting custodian provided fee schedules to Chatgpt. There are many other options to hold coins in an ira. Today were talking about sdira with checkbook control with the LLC.
COST TO SETUP LLC NOT INCLUDED (the cost of this depends on if you use an attorney and the fee they charge). SOME STATES REQUIRE AN AGENT AS WELL OUTSIDE OF YOURSELF. Feel free to add companies and I'll add them to the table.
Why hold something like bitcoin in a sdira w llc?
- directed custodian of own keys
- tax free growth
- liability protection over your assests
Let's calculate the annual cost for holding one asset (the LLC in this case).
Apologies that it's a little hard to read, but goes custodian name, first year cost, and subsequent year cost for any Line item.
Updated Comparison
| Custodian | First Year Cost | Subsequent Year |
|---|
| Madison Trust | $450 | $400
| Forge Trust | $490 | $340
| IRAR | $299 | $199
| Solera National Bank | $199 | $199
| Equity Trust | $275 | $225
| IRA Financial Trust | $1,399 | $400
| The Entrust Group | $498 | $299
| Provident Trust Group | $445 | $395
| Funding Circle SDIRA Services | $25 (covered by Funding Circle) | $0 (covered by Funding Circle if the account holds notes placed by FC Securities) or $150
| Horizon Trust | $2,995 | $395 (for account value $0 - $40,000)
| PENSCO Trust Company| $530 | $480
| Inspira Financial | $450 | $450
| IRA Club | $1,320 | $325
| Vantage | $445 | $395
| Directed IRA | $445 | $395
| HSBC Securities | $35 | $35
| uDirect IRA Services | $325 | $275
| Rocket Dollar (Silver) | $600 | $240
| Rocket Dollar (Gold) | $960 | $360
| Alto IRA ($0.01 – $29,999.99) | $150 | $150
| Alto IRA ($30,000.00+) | $400 | $400
Alto IRA offers a lower cost option for accounts with invested capital up to $29,999.99. For accounts with higher invested capital, the costs are moderate and comparable to other options. Soleria, IRAR, Funding Circle, and HSBC are all seemingly under 200 dollars a year with little fee. Please Do Your Own Research.
NOT FINANCIAL ADVICE.
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