Quest Expo 2022: The 3rd Annual Quest Expo returns to Houston September 23rd – 25th for an event-filled weekend that we’ve all been waiting for! Click here to learn more.

Pay Online

Contact

Call: 855-386-4727

Client Portal

Pay Online

Contact

Call: 855-FUN-IRAS

Client Portal
  • Home
  • Education
    • Education Center
    • SDIRA Video Library
    • Upcoming Webinars (Live)
    • Our Blog
    • IRA Education Articles
    • Due Diligence
    • Prohibited Transactions
    • Security Awareness
    • FAQs
  • Open an Account
    • Traditional IRA
    • Roth IRA
    • SEP IRA
    • SIMPLE IRA
    • Health Savings Account (HSA)
    • Coverdell Education Savings Account (ESA)
    • Solo 401(k)
    • Checkbook Control IRA LLC
    • Referral Program
  • Investments
    • The QTC Investment Hub
    • Real Estate
    • Promissory Notes
    • Private Entities
    • Cryptocurrency Investing
    • General Investments
    • Fair Market Values (FMV)
  • Forms
  • Events
    • The Quest Expo
    • SDIRA LIVE Webinars
    • Quest Special Events
    • Houston Events
    • Dallas Events
    • Austin & San Antonio Events
    • Other Cities – tbd
    • Invite Quest to Speak
  • About
    • Mission Statement
    • Client Testimonials
    • Executive Team
    • Meet the Management & Education Team
    • FDIC: Federal Deposit Insurance Corporation
  • Client Portal
  • Contact Us
    • Make a Payment
    • General Contact Information
    • Contact a Certified IRA Specialist
    • Career Opportunities
    • Coronavirus (COVID-19) Resource
Quest Trust Company›Blog›Can Quest Trust Company purchase an investment ?›Should You Roll All Your Retirement Funds into a New Self-Directed IRA?

Should You Roll All Your Retirement Funds into a New Self-Directed IRA?

Posted on October 10, 2012April 12, 2021 by questadmin
Estimated reading time: 3 minutesLast updated on: April 12, 2021

If you’re considering taking control of your retirement future by opening a new self-directed IRA, chances are good that you’ll consider funding your new account by rolling over assets from one or more of your existing IRAs.

Depending on whether you’re participating in an employee sponsored retirement plan at work, as well as your annual income, you may be eligible to contribute up to $6,000 to your account each year (or up to $7,000 per year if you’re age 50 or older). But these annual contributions will only allow you to accumulate relatively limited amounts in your account. In order to maximize the total value of your self-directed IRA, you’ll probably also want to roll over some of your existing retirement accounts into your self-directed IRA.

Why would it matter that you accumulate as much as possible into your self-directed IRA? Remember that with self-directed IRAs you have the ability to invest in many types of investments, including asset classes such as private equity and real estate. And these investments often require a significant amount of resources – just think about how much money you might need to buy a desirable piece or rental real estate.

So should you roll all of your existing retirement accounts into your self-directed IRA? The best way to come up with an answer to this question is to consider your investment goals. If you want to maintain a significant portion of your retirement nest egg in stock and bond investments, then you might want to consider keeping a portion of your funds in an account that you’re already using to make those types of investments. (Of course, you can generally still make those types of investments in a self-directed IRA, including self-directed accounts offered by Quest Trust Company.)

However, if you want to maximize your opportunities for bigger ticket investments, you’ll probably want to roll over accounts with enough funds into your self-directed IRA that you’ll be able to make those larger investments.

Remember that it’s not just your existing IRAs that can serve as a source for rollover funding. Making rollovers from company retirement accounts such as a 401(k) can often end up contributing significantly more. If you consider the higher annual contribution levels for company sponsored 401(k) accounts, and the fact that many of the 401(k) programs offer company matching funds, a retirement saver’s account can often grow much larger than their IRAs. If you’ve left an employer but kept your account in place with the 401(k) custodian, now may be the time to roll those funds over into your new self-directed IRA.

You can even open your own “solo” 401(k) account if you work as a consultant or otherwise own your own business. Solo 401(k)s have contribution and profit sharing components that allow for an even higher level of contribution than traditional 401(k) plans. (In fact, Quest Trust Company even offers these plans if you’re interested in learning more about the Solo 401(k) structure.)

Chances are you’ll want to roll over most, if not all, of your existing accounts into your new self-directed IRA. Doing so will ease the administrative hassles of managing multiple accounts, and give you the greatest flexibility with your investment choices.

Posted in Can Quest Trust Company purchase an investment ?Tagged A Self Directed Ira, Individual Retirement Account, Investment Goals, Retirement, Retirement Accounts, Retirement Funds, Self Directed, self directed ira, Self Directed Iras, self-directed IRA
  • Open an Account
  • Download Forms
  • See our Events

Contact an IRA Specialist

  • Get Your Tickets to the 3rd Annual Quest Expo!

    Get Your Tickets to the 3rd Annual Quest Expo!

    Last updated on: June 21, 2022  Join the #1 Alternative Investing Conference of the Year! In the fast-paced investment industry, timing is everything and by attending the largest alternative investing conference in the Nation, you’ll be on the cutting edge! Attendees can experience fresh takes on proven real estate concepts, with plenty of the Quest […]

    Register NowSee All Events
  • The SDIRA Social

    The SDIRA Social

    Last updated on: June 21, 2022Browse all of our upcoming events here!  Tapping into TRILLIONS of dollars’ worth of investment capital for your real estate deals is easier than you think. All it takes is the right conversation, and you could potentially unlock unlimited capital for your deals. If you’re looking for ways to increase […]

    Register NowSee All Events
  • Our transition from Bancorp South Bank to Frost Bank

    Our transition from Bancorp South Bank to Frost Bank

    Last updated on: December 20, 2021We expect this transition to be smooth and easy, requiring almost no changes on the client end! There are no new systems to learn nor any account changes to make. The only update to be aware of is the new Incoming Funds Instructions. The old instructions for Bancorp South will […]

    Register NowSee All Events
  • Introducing our new QTC Investment Hub!

    Introducing our new QTC Investment Hub!

    Last updated on: December 20, 2021With this new feature, you can now submit investments directly through the client portal and track your investments in real time!

    Register NowSee All Events
  • Virtual Classes + Networking

    Virtual Classes + Networking

    Last updated on: June 21, 2022Check out our full class schedule here! Our weekly Quest webinars give you access to unlimited free education! Get the knowledge to help grow your retirement at one of our weekly classes on Tuesdays and Saturdays at 12PM CT! And don’t miss our Virtual Networking Happy Hours on the 4th […]

    Register NowSee All Events

More Upcoming Events

  • Houston Events
  • Austin Events
  • Dallas Events
  • Upcoming National Webinars
  • Client Referral
  • Blogs
  • Security Awareness
  • Testimonials
  • Due Diligence
  • FAQs
  • FDIC Insurance
  • Career Opportunities
  • Contact Us
  • The Quest Expo

Connect with Us:

DISCLAIMER: Quest Trust Company does not render tax, legal, accounting, investment, or other professional advice. If tax, legal, accounting, investment, or other similar expert assistance is required, the services of a competent professional should be sought.

© 2021 Quest Trust Company. View our Terms of Use.

© 2021 Quest Trust Company. View our Terms of Use.