What is a self-directed IRA?

A Self-directed IRA operates similarly to any other individual retirement accounts. In a self-directed IRA, you can invest in a diverse range of assets and alternative investments in private vehicle stock and real estate. Moreover, the returns from self-directed IRA investments are tax-deferred which implies that the Investors need not pay taxes from the gains from IRAs.


However, all IRA accounts require a custodian or trustee who provides custody of the assets and processes all transactions at the behest of the IRA. Furthermore, the custodian is responsible for maintaining all the records of the account and transactions and they must file the required IRA test reports issue, client statements and help the clients get acquainted with the rules and regulations of certain prohibited transactions and other administrative regulations.

What type of IRA accounts does Lilypads offer?

Lilypads offers both traditional and Roth IRAs.

What are the charges for investing via an IRA account?

In addition to our standard fee structure, our Investors need to pay $125 for investing via an IRA account.

Is it possible to invest with funds in an existing IRA account?

First, you will need to open an IRA account where you have to transfer the funds into the new account. However, you must liquidate any known liquid assets in your current account transferring them into the new account. 


So, you can transfer only a part of your account balance or the entire account, but your previous provider may charge a fee for transferring funds out of your account.

What is the limit on the contributions to an IRA?

The IRS establishes annual limits on the contributions to an IRA. For the tax years 2020 and 2021, the IRA contributions may not exceed $6000 or $7000 if you are of age 50 or older.

Can I see the investments I made from a Self-directed IRA in my Investor Network Profile (INP) dashboard?

Yes, you can see the investments made from your self-directed IRA on your INP Dashboard.

This help page and the information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment or other advice of any kind, and shall not constitute or imply any offer to purchase, sell or hold any security or to enter into or engage in any type of transaction.

Investing in venture capital funds is inherently risky and illiquid. It involves a high degree of risk and is suitable only for sophisticated and qualified investors.