Madison Trust Company Q&AAnswer
Jun 26, 2023 - 01:36 PM
A Self-Directed IRA (SDIRA) is a type of individual retirement account that allows you to invest in alternative assets.
While you receive the same tax-advantages as a standard IRA, with a Self-Directed IRA, you can expand beyond the traditional Wall Street products like stocks, bonds, and mutual funds.
A Self-Directed IRA opens up your investment possibilities to real estate, private placements, precious metals, and more!
Here is how investing with a Self-Directed IRA works:
- Open: Open a Self-Directed IRA with Madison Trust by completing our easy online application.
- Fund: Fund your Self-Directed IRA by transferring or rolling over funds from an existing retirement account, such as an IRA or 401(k), or by making an initial contribution.
- Invest: Instruct Madison Trust to send your IRA funds directly to your investment by check or wire.
To learn more about investing with a Self-Directed IRA, visit our website.
If you have any further questions, please feel free to schedule a call with one of our Self-Directed IRA Specialists.
Please note, Madison Trust is a passive custodian and therefore, does not give legal, tax, or financial advice. Please consult with your tax advisor before making any investment decisions.
