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 .
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.
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...
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.
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.
This document contains a list of mutual funds and fund families that can be held in an account with Millennium Trust.
A Roth IRA helps you save for retirement with the potential for future tax-free income.
A traditional IRA allows you to save on your own for retirement with tax-deferred earnings and a possible tax-deduction.
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.
How can contributing to a regular IRA help you in your retirement?
Use this calculator to determine which IRA may be right for you.
Use this calculator to determine the difference between spending your IRA now versus saving it for retirement.