What is IRA Resources? What does it offer to its customers that you could possibly consider checking out and using? Is it reliable or one that you should stay away from? Join me in today’s comprehensive review about this company, as I present information that hopefully help you decide better!
Name of the company: IRA Resources
Official Website URL: https://www.iraresources.com/
Overall Rating: (4 / 5)
Important to mention (before we go into more details of this review)
We always strongly recommend doing your own research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got commissioned salespeople.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got a No-commission salesfloor… So they got ZERO reason for fear tactics or gimmicks just to get a sale.
You are a smart person, so I am absolutely sure that you understand the benefits of dealing with such a company instead, right?
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With that being said, let´s continue with the review on IRA Resources!
Table of Contents
- What is IRA Resources?
- The Service offered by IRA Resources Trust Company
- How does IRAR Work? (How to Get Started)
- Does IRA Resources offer IRA services?
- Can you open a Precious Metal IRA with IRA Resources Trust Company?
- Fees and payment methods for the services offered by IRA Resources?
- Is IRA Resources Genuine or Is It a Scam?
- Pros and Cons
What is IRA Resources?
IRA Resources Trust Company, also known as IRAR, was established in 1996 and it has been assisting investors to accomplish their investment retirement goals and objectives. Investors who turn to this company do so because they have been assured of affordable and reliable services.
This company’s annual fees are per asset, so an investor’s wealth grows, and not their fees. The team at IRAR holds the Certified IRA Service Professional (CISP) designation, hence can be trusted to provide accurate and timely information to help investors make informed decisions.
In 2017, IRAR opened its Oakland Processing Center in a bid to ensure the prompt processing of its customers’ requests. In the following year, IRAR founded its own non-depository trust company that was meant to offer additional oversight to its operations.
What about regulation? This company is regulated by the South Dakota Division of Banking Division. This division is apparently recognized for being very conversant with the operations of self-directed IRA custodians.
From the company’s website, I picked a couple of interesting numbers that may be of interest to you. IRAR has achieved the following:
- Assisted more than 20,000 investors to achieve their goals
- $1.5 Billion worth of assets under custody
- 25% real estate business growth
- 30% year-over-year business growth
The Service offered by IRA Resources Trust Company
IRAR Trust Company seems to be occupied with the provision of self-directed custodial IRA services to investors who would like to unlock their earning potential by unlocking possible investment opportunities as SDIRA account holders. Its SDIRA custodial services are relevant to investors who are interested in:
Real estate is a top preference for most SDIRA owners. They have a wide variety of options to invest in various properties, including rental, international, single, family, and commercial homes. They can do this by using mortgage notes or Real Estate Invest Trusts (REITs). IRAR helps such investors make their money in this field without any hassles that would stem from the lack of knowledge on how to achieve this.
Private Placements, Equity, and stocks
IRAR enables its investors to use their SDIRAs to invest in private placements to maximize their earning potential. Some common types of private placements include Limited Liability Corporations, C Corporations, Limited partnerships, pooled investment funds, hedge funds, startups, small businesses, equity crowdfunding, REITs, convertible notes, and land trusts.
LLC Checkbook control IRA
If you want to gain direct access to the funds in your IRA, you can establish a self-directed IRA LLC. It presents you with a couple of benefits, including speeding up your transactions, reducing your investment fees even further, in a manner that will help you maximize your potential earnings.
Promissory notes allow investors to extend their credit to other individuals or business entities. IRAR can help you use secure notes and unsecured notes, to help you make an income by lending your money to people who need it to achieve different objectives so that you can grow your wealth.
Other alternative investments
You can also get help with opening an SDIRA that can hold alternative assets, such as:
- Energy assets
- Tax lien certificates
- Accounts receivable financing
- Building bonds
- Joint ventures
- Life settlements
How does IRAR Work? (How to Get Started)
The best way to get started with this company is to schedule a free consultation session. You can do this by pressing the “Free consultation” menu button at the top right corner of the official website. Upon doing this, you will be redirected to a page on which you will complete a form to schedule a call. The details you are expected to fill in the form include:
- First name
- Email address
- Phone number
If you need immediate assistance, you can contact the support staff at IRAR using the phone number provided on the official website.
Does IRA Resources offer IRA services?
IRA Resources offers custodial services for SDIRA account holders. This is quite different from what IRA companies offer. IRA companies work hand in hand with the custodians to help you as an investor achieve your retirement investment goals. You can check out other IRA companies, just to see the difference in the approach to the provision of services.
Important: Please make sure that you know exactly what fees are associated before you sign anything, I have seen so many reports online of people getting surprised with so-called hidden fees that they had no idea about until it was too late. Transparency is what you want to look for in this industry.
**My #1 recommended gold & silver IRA company is 100% transparent + they got a few other benefits you might want to have a look at if you are interested in a new IRA, see this page
Can you open a Precious Metal IRA with IRA Resources Trust Company?
No. This company is only out to help you proceed with your retirement investment activities by offering custodial services for your SDIRA, as we have already discussed above.
See my #1 recommended gold & silver IRA solution on this page
Fees and payment methods for the services offered by IRA Resources?
This company accepts the payment of fees that are made using all the major credit cards, including those supported by:
- American Express
- Diners Club
- MasterCard International
- Visa International
- Visa USA
There’s no information on how much fees you can expect to be charged for every service, but I believe you can get help with this during the free consultation session.
Is IRA Resources Genuine or Is It a Scam?
IRA Resources is, in my opinion, a genuine company. It was established in 1996, and it has been operational since then. Beyond that, it is a BBB-Accredited business (since 2013), and it has an A+ rating. For having maintained such a good reputation for the 25 years it has been in business, I think IRAR is one that is genuine, and one that’s worth relying on, if one is looking for a custodian for their SDIRA.
There are different IRA companies that you can get served by, so you only need to pick the right one for the type of asset you want to hold in your account.
**For precious metal investors – Have a look at these top-rated IRA service providers that offer precious metals IRA Services
Pros and Cons
- A+ rating on BBB
- Custodial services for a wide variety of investments
- Has been operational for 25 years
- No information on fees and charges
Do You Own or represent IRA Resources Trust?
If you are a representative, or associate of IRA Resources Trust and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to email@example.com.
Overall Rating: (4 / 5)
As you can already tell, IRAR has done a great job at offering its services to investors, who mostly comprise individuals and professionals (realtors, investment providers, and financial professionals). Their services are suitable for all types of SDIRA accounts, including traditional IRAs, Roth IRA, Small Business SEP IRA, and Small Business Simple IRA. If IRAR seems worth partnering with, you can contact them right away, or schedule a free consultation session. Alternatively, just get started with any of these top-rated IRA companies.
See Gold Retired´s Top-5 Rated List of Gold & Silver IRA Companies
Top-Rated Cryptocurrency IRA Companies (Good Options to Diversify Your Retirement Investment Portfolio)
Thank you for making it to the end of this review on what IRA Resources is all about. If you have any questions about this company, drop them in the comments section and I will get back to you ASAP. You can also share with us what your experience has been like with IRAR if you are an active customer. Don’t forget to also look at the alternatives to IRAR, since you can end up getting something valuable to work with as you plan for the financial bit of your retirement years.
I wish you well,
Eric, Investor and Team Member at Gold Retired!
I’m sorry, Eric, but I dealt with this company back in the early 2000s, and found this company to be a sham. I took an investment – made it into an IRA, and contracted IRA resources to work with me. Unfortunately, this investment, with now defunct company, GBSI, became worthless. IRA resources did nothing to track the value of my IRA, and when the $51,000 was lost, they did absolutely nothing to contact me. They did manage, however, to charge the quarterly fees on a regular basis. When I asked what I was paying for, they said “oh to be the custodian of your IRA.” Lol!! I said the IRA that is nonexistent? No way. Stay away from this scam!!!!!!
First of all, thank you for your comment and for sharing your experience with the company!
Sorry to hear about your bad experience with them, and it is very good that you share it here as it will be seen by others and make them think twice before making any bad decisions.
We at Gold retired do not recommend this company, it is not on our top-5 list, we recommended those companies, mainly the one on the nr1 spot: https://goldretired.com/best-gold-ira-companies-top-5-list-additional-resources
Thank you again for your comment!