In this video, you will learn how to convert a Traditional IRA to a Self-Directed Traditional IRA.

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Video Script:
In this video, you will learn how to convert a Traditional IRA to a Self-Directed Traditional IRA.

Do you want a retirement account that allows for more investment opportunities?
You may want to convert your Traditional IRA to a Self-Directed Traditional IRA.

Here’s what you need to know:
The process of converting your Traditional IRA to a Self-Directed Traditional IRA is simple.
There are three easy steps:
1. Open a Self-Directed IRA by completing Madison Trust’s easy online application. On the application, you will select that you’d like to establish a Self-Directed Traditional IRA.
2. Fund your new Self-Directed IRA by completing Madison Trust’s Transfer Authorization Form. Once completed, Madison Trust will send your request directly to the custodian holding your funds. The funds will move from your previous custodian directly to Madison Trust via a check or wire.
3. Instruct Madison Trust to send your IRA funds directly to your investment. It’s that simple.

Ready to Convert Your Traditional IRA to a Self-Directed Traditional IRA?
If you work with Madison Trust Company to convert your Traditional IRA to a Self-Directed Traditional IRA, you can be confident that we will guide you every step of the way.
What questions do you have about the process? Madison Trust’s Specialists are here to help!
Schedule a call to speak with a Self-Directed IRA Specialist today.

(800) 323-9203
questions@madisontrust.com
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A traditional IRA is a popular retirement savings account that allows individuals to save for their golden years while receiving potential tax benefits on their contributions. However, what many people don’t realize is that traditional IRAs can be converted to self-directed traditional IRAs, which offer even more control over how your retirement funds are invested.

A self-directed traditional IRA allows account holders to invest in a wider range of assets beyond the typical stocks, bonds, and mutual funds. With a self-directed IRA, investors can also allocate their funds towards alternative investments such as real estate, private equity, precious metals, and more.

If you’re interested in converting your traditional IRA to a self-directed traditional IRA, here are some steps to consider:

1. Choose a Self-Directed IRA Custodian: The first step in converting your traditional IRA is to find a reputable self-directed IRA custodian who is experienced in handling alternative investments. Madison Trust is one such custodian that specializes in self-directed IRAs and offers a wide range of investment options.

2. Open a Self-Directed Traditional IRA Account: Once you’ve selected a custodian, you’ll need to open a self-directed traditional IRA account with them. This process is similar to opening a traditional IRA account, but you’ll need to specify that you want a self-directed account.

3. Transfer Funds: To fund your new self-directed traditional IRA account, you’ll need to transfer funds from your existing traditional IRA. This can typically be done through a direct transfer or rollover, depending on the specific rules of your custodian.

4. Select Your Investments: With your funds in your new self-directed traditional IRA account, it’s time to start selecting investments. You can choose from a wide range of alternative assets to add diversity to your retirement portfolio.

5. Manage Your Investments: Once your investments are in place, it’s important to actively manage your self-directed traditional IRA account. Stay informed about market trends, monitor the performance of your investments, and make adjustments as needed to ensure your retirement savings are on track.

Converting a traditional IRA to a self-directed traditional IRA can provide greater flexibility and control over your retirement funds. However, it’s important to work with a reputable custodian like Madison Trust and carefully consider your investment decisions to maximize the potential benefits of self-directed investing.