Madison Trust Company Q&AAnswer
Jan 16, 2024 - 08:48 AM
You can open a Self-Directed IRA LLC of your own in four simple steps:
Step 1: Open - Complete our easy online application.
Step 2: Fund - We'll assist you in transferring or rolling over all - or a portion of - your existing IRA, or 401(k), or other retirement account, or you can make an initial contribution.
Step 3: Create - We establish a new LLC or trust for your IRA - which will serve as your IRA's self-directed investing platform, We appoint you as its manager or trustee, authorized to make all investment decisions. At your direction, we will fund your IRA LLC or Trust at the bank of your choosing.
Step 4: Invest - You can begin placing investments by simply writing a check or sending a wire.
If you want to learn more about opening a Self-Directed IRA LLC, visit our website.
Please note, Madison Trust is a passive custodian and therefore, does not give legal, tax, or financial advice. Please consult with your tax adviser before making any investment decisions.
