Self Directed IRAs
For millions of Americans, the self directed Individual Retirement Account, or IRA, has become a primary means of investing for retirement on a tax-advantaged basis. In a self directed IRA, the account owner must make all investment decisions and investments on behalf of the retirement plan, while a qualified trustee or custodian holds the IRA assets on behalf of the IRA owner. Millennium Trust specializes in providing custodial services for a wide range of Individual Retirement Accounts.
Investment Options
Under current Internal Revenue Code, virtually any investment can be held in an IRA, subject to the terms of each plan. While many financial institutions can handle stocks, bonds and mutual funds, Millennium Trust is able to go far beyond the standard menu to include:
As investors seek out more alternative investment opportunities, the more important it becomes to work with a trust company that can provide expert custody of those alternative assets. Millennium Trust is one of the few independent trust companies that specializes in the custody of alternative assets.
There are several different types of IRAs you can invest in. Each of these tax-advantaged retirement plans has unique features and restrictions, including how much can be contributed annually and how those contributions, earnings and distributions are taxed. We recommend consulting with a tax advisor before deciding on an appropriate self-directed IRA.
Millennium Trust Company is a leader in administrative and custodial services for alternative assets in retirement and taxable accounts. Our experience, hands-on service, neutrality and focus on education provide individuals, firms and sponsors with greater efficiency and capabilities, and also help investors to expand their portfolios with an extensive range of alternative assets.