Today we’ll be looking at Udirect IRA services LLC. What are Udirect IRA services? How does it work? What are the products and services it offers? What are the IRAs offered, and how much are the IRA fees? And a lot more details you’ll discover in this review!
Company: Udirect IRA Services LLC
Owner: Kaaren Hall
Who is it for? People who would like to invest in a self-directed IRA.
Overall rating: (4 / 5)
Essential to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. 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 “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are intelligent, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
With that being said, let´s continue with the review on Udirect IRA Services!
What are Udirect IRA services?
Based out of Tustin, CA, Udirect Ira is a self-directed IRA third-party administrator and self-directed IRA LLC facilitator. It was founded by Kareen Hall in the summer of 2009 and launched in September of that year. Udirect IRA has over 1200 clients and over 100 million assets under custody.
This company is 100% legit. Apart from several testimonials and an actual physical address, the company’s owner Kareen Hall sits on the Board of Directors for the Retirement Industry Trust Association.
She also hosts several webinars and live events. You can also listen to udirect ira services at BlogTalkRadio.
How does it work?
uDirect IRA Services provides Self-Directed retirement accounts. A self-directed IRA enables its holder to make investments choices and choose from a wide range of products and services, which we’ll mention later in the review. The user also makes all the buy and sell decisions.
To open a self-directed IRA, you can contact udirect IRA by calling them at 866-538-3539 and getting assistance from one of their IRA account specialists. You can upload your documents through the uDirect Secure Document Upload Portal.
So, what are these products and services offered?
Udirect IRA allows you to invest in:
- Residential real estate, including apartments, single-family homes, and duplexes
- Commercial real estate
- Undeveloped or raw land
- Managed Futures
- REITs (Real Estate Investment Trusts)
- Real estate notes (mortgages and deeds of trusts)
- Promissory notes
- Private limited partnerships, limited liability companies, and C corporations
- Tax lien certificates
- Oil and gas investments
- Private stock offerings, private placements
- Judgments/structured settlements
- Gold bullion
- Car paper
- Factoring investments
- Accounts receivable
- Equipment leasing
But some investments are prohibited with a self-directed IRA, such as:
- collectibles (eg, coin collections);
- S-Corp capital stock; and
- insurance contracts.
These are the IRAs available at Udirect IRA:
|· Traditional IRA|
|· Roth IRA|
|· SEP IRA
· (or SERSEP)
|· SIMPLE IRA|
|· Individual 401(k)|
Udirect IRA Services is considered among the cheapest self-directed IRA companies around. The setup fee is $50, the annual fee is $275, and the minimum account balance is $325.
Here is a screenshot of a few other fees shown on the udirect IRA website:
A company got lower fees and only offered a one-time, flat fee.
Can you store with the company?
Yes, you can store with udirect IRA. Here is a screenshot of the Storage fees:
Can you get the metals delivered home?
Yes, you can get the metals sent to you.
But this process will be subject to handling fees as explained in this exact excerpt from the udirect Ira website:
Requests to distribute metals from your account, in-kind (i.e., send you the metals), will be subject to a handling fee. The storage depository may charge additional shipping and handling fees. Other in-kind asset distributions are also subject to this same fee.
Can you sell back to the company?
Yes, to do that, you must place a metal liquidation request. But liquidating metals will also be subject to a fee shown in the screenshot below:
I looked through their website, and there is no information about whether people from countries other than the US can use udirect IRA. That’s a bummer for those not living in the states.
How about their online reviews and ratings?
Something that is always wise (and highly recommended) to do before you make any decisions is to look at the particular company you are interested in and then see what the most well-known and trusted review and rating sites have to say about them.
As always in our reviews, we make sure to provide you with their ratings and scores (with clickable links) to make this task easier for you:
Rating: A+ Click here for details (opens in new window)
Rating: (4.8 / 5) (out of 51 reviews) click here for more information (opens in new window)
Rating: (3.5 / 5) (out of 22 reviews) click here for more information (opens in new window)
The conclusion from this:
First of all, that are not that many reviews and ratings online on this company. You need to know that many similar companies have been online the same amount of time, shorter, and longer, but they have many more reviews.
What caught my attention is that many of udirect’s clients are impressed with the responsive, quick, and professional customer service.
But there are also some negative reviews that you should bear in mind. Like this one, for example (but there are more):
Well, as you can see above, there are some “not so happy” clients, this one above is one example. There are more to be found by clicking the links provided further up.
** Learn about an IRA custodian with 500+ reviews instead (and with the most from 3rd party consumer protection agencies)
Do You Own or Represent Udirect IRA services?
If you are a representative or associate of Udirect IRA services and have found something not to be correct in this review, please, feel free to tell, 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 else you get the e-mail on the about page.
Final Words and verdict
Overall rating: (4 / 5)
As mentioned above, udirect IRA is legit, and overall, it’s worth checking out. The rating of 4 out of 5 stars is a good one. The significant profile of its owner, its cheap fees, and excellent customer service are its most vital assets.
However, there are some complaints to be found. Not everyone seems happy with the service, so keep that in mind.
Are you looking for a precious metals IRA in particular?
As mentioned earlier, it is always recommended to compare different options against each other to get a better overall view and find the company that suits your needs the best.
You made a wise choice reading this review, and you are an intelligent person, so I am sure that you will find the right one that suits your particular needs the best!
Below is the absolute highest rated one, by us (Gold retired), but also the best rated one overall according to the most well-known and trusted review and rating sites:
I hope this short review explained all the essential information there is to know about what udirect IRA is and if it might be a good alternative for you. If you have personal experience with them, you can share it in the comments below, as it can help others! Also, Feel free to ask any questions you might have. I’ll be glad to answer them!
I wish you success!
founder of: Gold Retired