Benefits of Your Millennium IRA
Safety — A Millennium IRA is a smart way to save for your future. Your account is invested in a FDIC-insured money market vehicle designed to minimize risk, preserve principal and maintain liquidity.
Access — You have 24/7 online access to view your account through Millennium Trust Online.
Service — We are well trained on all IRA matters and distribution tax issues. You can call to speak with a client service representive Monday - Friday, 8:00 a.m. to 4:30 p.m.
Savings —You will not have to pay income taxes on any investment income until distribution – which means you won’t have to pay taxes on it until you take it out at retirement (after age 59-1/2).
Smart —You can avoid a 10% IRS penalty by not taking a distribution before retirement age (59-1/2).
Flexibility — You can also choose to invest in other investments including mutual funds, stocks, bonds, ETFs and CDs.
Choice — Also keep in mind that Millennium Trust does not limit you to any family of funds with regard to mutual fund investments. In other words, you could hold some ING Funds and some Fidelity Funds, etc. within the same IRA here at Millennium Trust Company.
Online Trading — At your request, we can set you up for online trading so that you can place self-directed trades. Millennium Trust’s Website offers mutual fund analysis tools from Morningstar to help you decide which funds to invest in.
Simplicity — If you want to consolidate your retirement funds, we also accept transfers from other IRAs, as well as rollovers from other employer plans.
To Learn More
For answers to frequently asked questions, click here.
Please feel free to contact the Automatic Rollover client service group at Millennium Trust. We can help you become familiar with your new account and explain many of the features and benefits. We will do our best to bring you the highest quality in client service.
Automatic Rollover Client Service Group
877.682.4727
ARP@mtrustcompany.com