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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 .
How to Make an Alternative Asset Purchase (Pre-Custody Process)
The IRS allows self-directed Individual Retirement Accounts (IRAs) to hold a broad range of investment types. Many non-traditional assets, or alternative assets, can be held within an IRA but require specific investment documentation that’s not required for traditional investments, like stocks and bonds.
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...
Required Minimum Distributions - Frequently Asked Questions
When retirement plan account owners reach age 73, they are responsible for taking a required minimum distribution (RMD) from their account. This process can be complicated depending on the account and assets involved. Following are some of the most common questions that we receive about RMDs.
Investing in Real Estate Using Your Self Directed IRA
Real estate has become an increasingly popular investment in building a diversified portfolio. Watch this brief video to learn more about holding real estate in a self-directed IRA.
Guide to Investing in Real Estate in a Retirement Account
Investing in real estate in a retirement account can be beneficial, but it can also be complex. Learn about the process, as well as some of the complexities, before you invest.
Mutual Fund Guide
This document contains a list of mutual funds and fund families that can be held in an account with Millennium Trust.
Alternative Asset Transactions-Required Documentation
To process a transaction for an account, we require specific documentation. This fact sheet outlines the documents needed to complete a transaction. All documentation should be sent directly to Millennium for processing. Millennium does not evaluate or perform due diligence on any investment, investment sponsor,...
Pre-Custody Required Documentation
To custody an Alternative Investment, we must first perform a Pre-Custody Review, which determines whether an investment is administratively feasible for an account. This fact sheet outlines the documents required to perform the review. Millennium does not evaluate or perform due diligence on any investment or...
4 Unintended Consequences of Congressional Proposals to Change IRA Investment Rules
The House of Representatives is discussing proposed legislation that would restrict what Americans can own within their individual retirement accounts. Find out what the the unintended consequences may be.
Roth IRAs: Prepare for Your Future with a Roth IRA
A Roth IRA helps you save for retirement with the potential for future tax-free income.
Traditional IRAs: Save for Your Retirement with a Traditional IRA
A traditional IRA allows you to save on your own for retirement with tax-deferred earnings and a possible tax-deduction.