Establishing Your Schwab SDRA
Follow the steps below to open your Self-Directed Retirement Account. Reach out to an expert for assistance.
Establishing Your Plan
Follow these steps to establish your Self-Directed Retirement Plan with Schwab.
Things To Know:
- Your plan must be established with Life, Inc. prior to opening up your SDRA.
- If you haven’t done so, fill out our online intake form.
- You’ll be submitting your Plan Document along with your application packet.
- You’ll need to submit duplicate applications to open an account for every contribution type (Roth, Pre-Tax, After-Tax).
- Example: If you expect pre-tax and Roth contributions, two account are needed. (This helps with tracking your contribution types.).
- More accounts can be established later for contributions changes.
- Life, Inc. will ask for reporting information to be sent periodically.
IInSTEP 1: Downloading the Application
- You’ll need to establish a Company Retirement Plan with Schwab. Click here to go to the Schwab website.
- Under Establish Your Account, click Master Account Application link.
- Click towards the bottom of the screen.
STEP 2: Completing the Application
- Fill out the application to the best of your ability. Feel free to reach out to your dedicated representative with any questions.
- In Section 12, fill out the Third Party Administrator (TPA) section with the following information:
TPA: Life, Inc. Retirement Services
Tax ID: 47-1674808
Contact Name: Ryan Neff
Address: 100 E. Campus View Blvd. #250. Columbus, OH 43235
Phone Number: (614) 396-7652
Email: brian.anderson@lifeincrs.com
- Sections 13a, initial as Trustee/Co-Trustee. DO NOT initial 13b.
- Sections 14 & 15 do not require completion.
Life, Inc. should NOT be added to the Trusted Contact Authorization Form. This form is for trusted family members or friends.
STEP 3: Submitting the Application
- Mail or fax the documents to:
Charles Schwab & Co., Inc.
P.O. Box 628291
Orlando, FL 32862-8291
Fax: (888) 526-7252
STEP 4: Once Accounts Are Opened
- Once accounts are opened, please nickname the accounts (if applicable); Roth, Pre-Tax, After-Tax
- This will help with tracking contributions into your SDRA.
- Notifiy your dedicated administrator with Life, Inc. that your accounts have been opened via email.