Knowledge Center | Millennium Trust Company
Knowledge Center

Expert knowledge
You can count on

Account Basics

How the CARES Act Impacts IRAs and Retirement Plans

In addition to other coronavirus-related relief, the CARES Act impacts retirement account owners' required minimum distributions, penalties on withdrawals and IRA contribution deadlines. Note: Penalty-free withdrawals must occur in 2020. Learn more with our CARES Act FAQ .

Video

How to Gain Access to Your Automatic Rollover IRA

Has your retirement account from your former employer been automatically rolled over into a self-directed Individual Retirement Account (IRA) at Millennium Trust on your behalf? The first step to gaining access to your account is validating the information we have on the account and verifying your identity.

Video

What You Need to Know about Required Minimum Distributions (RMDs)

This video explains the process and timeline for taking an RMD and the importance of planning ahead, especially if you need to fulfill your RMD using illiquid assets. With the SECURE Act signed into law in December 2019, the rules surrounding RMDs have changed, raising the RMD age from 70 ½ to 72, effective Jan 1...

Video

How to Take a Distribution from Your Automatic Rollover Account

It’s a good goal to save for retirement, but unforeseen circumstances may sometimes derail your plans, and you may need to take some or all of your money out of your IRA. This video explains our online distribution process for Automatic Rollover accounts.

Video

My Automatic Rollover IRA

At Millennium Trust, we consider it a pleasure to work with IRA investors who need custody and administrative services. We see opportunities in what others might consider problems—opportunities to help clients prosper and grow.

FAQ & How-To
2 minute read

Mutual Fund Guide

This document contains a list of mutual funds and fund families that can be held in an account with Millennium Trust.

FAQ & How-To

Top 4 Reasons Not to Take a Distribution

While it may sound like a good idea at first, there are serious tax implications to consider when taking an IRA distribution before retirement age.

Article
5 minute read

IRA Spend It Or Save It Calculator

Use this calculator to determine the difference between spending your IRA now versus saving it for retirement.

Financial Calculators

Investor Awareness

EDUCATE YOURSELF AGAINST FRAUD Check Before You Invest Check Before You Invest is an investor education awareness campaign created by the Retirement Industry Trust Association (RITA), the trade association for self-directed retirement plan providers, of which Millennium Trust is a member. The purpose of this...

Article
1 minute read

Take Control of Your Retirement Savings

Self-directed IRAs provide investors a wide range of choices when saving for retirement. Learn more about the different custody options, online tools and choice of investments you have for your IRA.

Fact Sheet

Rollover Distribution from Terminated Plans

For terminating plan distributions, the Department of Labor (DOL) has issued separate guidelines on the steps that plan sponsors must take to search for lost participants in Field Assistance Bulletin No. 2014-01. This advice relates only to terminating defined contribution plans. Generally, the notice details what the...

Article
3 minute read