Maintain my Investment FAQ
Authorize a Payment
How do I pay for expenses on assets I own within my Self-Directed IRA?
You will need to submit a completed and executed Payment Authorization Letter (PAL) and invoice to Vantage. You can send us the documentation electronically, by fax or mail. You can download to print or use electronic versions of all our forms at www.VantageIRAs.com under the Forms & Tools page.
Are their fees associated with paying expenses from my Self-Directed IRA?
There is a $5 fee if you instructed Vantage to pay the invoice by check or ACH or a $30 fee if paid by cashier’s check or the funds are being sent by wire.
How long will it take to process expense payments from my Self-Directed IRA?
Once Vantage has received the Payment Authorization Letter in good order, your request will be completed within 2 business days. You can expect to receive an email confirmation once your request has been processed.
Can I set up automatic payments for recurring expenses from my Self-Directed IRA?
Yes, on the Payment Authorization Letter you can indicate your payment details and frequency.
What if I don’t have enough funds in my account to pay expense?
You will be notified there are not enough funds in the account to pay your bill. Once funds are in the account, your request will be completed within 2 business days.
My spouse and I have shared ownership (40% / 60% split) of an asset within our Self-Directed IRA, can we use one Payment Authorization Letter to authorize an expense?
No, Vantage must receive direction from each Self-Directed IRA holder in proportion to the percentage of ownership.
Make a Deposit
How can I deposit funds into my Self-Directed IRA?
You can add funds to your IRA via transfer, rollover, or contribution. Links to form or FAQ?
When will my funds be available?
Funds received via personal check will be placed on a five business day hold. Funds received via bank draft will be placed on a two business day hold. Funds received via wire or cashier’s check will be available the next business day following their deposit into your Self-Directed IRA.
Asset Fair Market Valuation (FMV)
What documents must be submitted with a Fair Market Valuation form?
A detailed overview of what supporting documentation can be found in the Valuation Quick Reference Guide.
When can I expect the updated asset value to be reflected in my Self-Directed IRA?
Once Vantage has received the Fair Market Valuation and all supporting documents in good order, your purchase request will be completed within 7 business days. You can expect to receive an email confirmation once your request has been processed.
Report a Worthless or Distressed Asset
What documents must be submitted to report a worthless or distressed asset held in my Self-Directed IRA?
You will need to submit a completed and executed Fair Market Valuation for to Vantage along with any documentation supporting the worthless or distressed value.
When can I expect the updated asset value to be reflected in my Self-Directed IRA?
Once Vantage has received the Fair Market Valuation and all supporting documents in good order, the request will be reviewed by our compliance team, who meet every two weeks. You can expect to receive an email with the status of your request following this review period.
Update my Private Note
What documents must be submitted to update the note held within my Self-Directed IRA?
You will need to submit a completed and executed Note Update form and the amended note with original signatures to Vantage.
When can I expect the updated asset value to be reflected in my Self-Directed IRA?
Once Vantage has received the Note Update form in good order, your request will be completed within 2 business days. You can expect to receive an email confirmation once your request has been processed.