ET makes a lot of money from its custodial fees, and it holds up the investment process so it can charge you extra "expedite" fees. It doesn't offer a checkbook option. If you really want control over your investments, please think twice about going through ET.
Hi! If the contributions are to a self-directed Traditional IRA, they're pre-tax. If the contributions are to a self-directed Roth IRA, they're post-tax.
If I want to invest in trading cards, other collectables, or cryptocurrency, why exactly do I need you? These tax laws are so stupid. Why do I need a random 3rd party to get the A-OK for me to buy a box of trading cards or a bitcoin.
ET makes a lot of money from its custodial fees, and it holds up the investment process so it can charge you extra "expedite" fees. It doesn't offer a checkbook option. If you really want control over your investments, please think twice about going through ET.
Thank you for the insight Edwin 🙏🏽
So the custodial fees are to high? Not worth the risk? Please elaborate, bank IRAs aren't paying crap.
Are the contributions in a self directed IRA post tax or pre-tax?
Hi! If the contributions are to a self-directed Traditional IRA, they're pre-tax. If the contributions are to a self-directed Roth IRA, they're post-tax.
what about investing in crypto? what about self custody cryptocurrency ?
If I want to invest in trading cards, other collectables, or cryptocurrency, why exactly do I need you? These tax laws are so stupid. Why do I need a random 3rd party to get the A-OK for me to buy a box of trading cards or a bitcoin.
It's a way to earn profits without paying taxes on those profits.