Are you looking to self-direct and diversify your retirement portfolio with tangible assets? Well, IRA Express can help you with that, but are they reliable? How much is their annual fees? How are their customer ratings? Let’s find out in this short IRA Express review.
Table of Contents
- 1 What Is IRA Express?
- 2 Company Info
- 3 Location:
- 4 Address:
- 5 Year Founded:
- 6 Management:
- 7 Website:
- 8 Rating:
- 9 IRA Express Products & Services
- 10 How Does It Work?
- 11 IRA Express Fees
- 12 Pros of IRA Express
- 13 Offers Customer Education
- 14 Transparency
- 15 Easy Account Set Up
- 16 Great Support
- 17 Multiple Assets Allowed for Custody
- 18 Cons of IRA Express
- 19 No Ratings
- 20 Limited IRA Accounts Offered
- 21 Accreditation, Ratings and Reviews
- 22 Is There a Better Alternative?
- 23 Is IRA Express Legit or Scam?
- 24 Conclusion
What Is IRA Express?
Founded in 2002, IRA Express is a third-party administrator of self-directed IRA accounts headquartered in Lehi City, Utah, and managed by Dan Anderson. IRA Express offers various individual retirement accounts as well as educational resources to help you start off on the right foot. Through their self-directed IRA plans, you can easily diversify and enhance your retirement savings with alternative assets such as Real Estate, Futures, Bitcoin, Precious Metals and much more.
Lehi City, Utah
2975 W. Executive Parkway, #199-122
Lehi, UT 84043
Dan Anderson (President)
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IRA Express Products & Services
As an account administrator, IRA Express allows you to diversify your retirement through their four self-directed IRA account types namely Traditional IRA, Roth IRA, Simple IRA and SEP IRA. Allowable Custodial Assets include Real Estate, Futures, Precious Metals, Limited Partnerships, Hedge Funds, Bitcoin, Trust Deeds, Tax Liens and much more.
How Does It Work?
IRA Express offers all their services through their official website, though you can visit their physical location based in 2975 W. Executive Parkway, #199-122 Lehi, UT 84043 for a one-on-one service. If accessing their services through the online platform, the first step is to decide on the account type that suits your investment needs. You are then required to download, print, fill out and submit the requisite forms. IRA Express staff will walk you through account set up process and your self-directed IRA account will be set up in a matter of days, after which you can proceed to invest in alternative assets of your choice.
IRA Express Fees
IRA Express claims to maintain a competitive annual fee schedule. They mainly offer two annual fee options. In the first option you are charged per the number of assets held. For instance, 1 asset goes for $295 per year, hence you will pay $2950 per year if you have 10 assets. The second annual fee option is a tiered, value-basted structure, starting with a minimum fee of $195 and a maximum fee of $1, 975.
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Pros of IRA Express
Offers Customer Education
IRA Express has a news and education section on their website where they provide free information and news. This is extremely important for newbie investors as it helps you to better understand the aspects of self-directing before you invest your money, thereby reducing your chances of getting involved in prohibited transactions or falling for scammers.
The firm is very transparent in regards to account types and allowable assets, as well as account setup and annual fees. All this information is availed on their official website.
Easy Account Set Up
Account set up process is easy and involves downloading and filling simple pdf forms. What is more, IRA Express’s account executives are available to guide you should you run into problems while completing the forms.
They have a phone number and email address for you to contact customer support. Their only downside in respect to customer services is their lack of a live chat support.
Multiple Assets Allowed for Custody
Regardless of the limited account types on offer, IRA Express allows numerous alternative assets for custody, which allows you to diversify your investment portfolio with multiple assets.
Cons of IRA Express
IRA Express has no reviews or ratings online in spite of the fact that they’ve been offering their services for nearly two decades. Consequently, determining their overall rating and reliability is nearly impossible.
Limited IRA Accounts Offered
Unlike other custodians offering multiple retirement accounts including Education IRAs and Health Savings Accounts, IRA Express’s services are only limited to four account types- Traditional IRA, Roth IRA, SEP IRA and Simple IRA. This will definitely limit the number of investments you can make.
Accreditation, Ratings and Reviews
Regrettably, IRA Express does not have accreditation, customer reviews and ratings online despite being in business since 2002. The company is neither accredited nor rated by the BBB, and also lacks reviews on Yelp, BCA, Trustlink, Trustpilot and many other third-party review websites.
Is There a Better Alternative?
As we’ve noted, IRA Express lacks customer ratings, reviews as well as accreditation from renowned review websites such as the BBB. On the other hand, some of our top-rated IRA custodians boast excellent ratings and reviews. You can check out our #1 rated Gold and Silver IRA Custodian via the link below.
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Is IRA Express Legit or Scam?
IRA Express was established in 2002 (2 decades in business). Moreover, the company has a verifiable physical address and contact information which proves that they are definitely a legit firm and not a scam.
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IRA Express is a self-directed IRA administrator based in Utah. The firm was established in 2002 and offers four self-directed accounts. Additionally, IRA Express offers free customer education, easy account set up, great customer support and allows multiple alternative assets for custody.
However, the company lacks reviews, ratings and accreditation from reputable online platforms including the BBB, Yelp, Trustpilot, Trustlink and Business Consumer Alliance.