In this video, we’ll walk through the basics of IRA Transfers, Rollovers, and the process of transferring your current IRA to a Madison Trust Self-Directed IRA.

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Ready to make a Transfer? Learn how to fill out our Transfer Authorization Form:

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Disclaimer: All of the information contained on our website is a general discussion for informational purposes only. Madison Trust Company does not provide legal, tax or investment advice. Nothing of the foregoing, or of any other written, electronic, or oral statement or communication by Madison Trust Company or its representatives, is intended to be, or may be relayed as, legal, tax, investment advice, statements, opinions, or predictions. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

Full video transcript:
Are you looking to transfer funds from your current IRA to a Madison Trust Self Directed IRA? You’re in the right place!

We’ll walk through the basics of IRA Transfers, Rollovers, and the process of transferring your current IRA to a Madison Trust Self Directed IRA.

Let’s get started!

What is a Transfer?

Simply put, an IRA transfer is the direct movement of funds from an IRA at one financial institution to an IRA at another financial institution.

Since the funds are not held by the account holder, there are no tax penalties.

What is the difference between an IRA Transfer and a Rollover?

You may have heard of another way of moving retirement funds: the rollover.

A rollover is the movement of funds from one qualified retirement account to another, such as a 401(k) to a Self Directed IRA.

There are two types of rollovers: direct and indirect rollovers.

What are the differences between a Direct and Indirect Rollover?

A Direct Rollover is the direct movement of funds from a qualified retirement plan into an IRA, typically without the funds being held by the account holder.

An Indirect Rollover (also known as the 60-day rollover) first starts when the funds of the current retirement plan are distributed to the account holder.

Then, the funds must be deposited into the new IRA by the account holder within 60 days.

It’s also important to note that only one indirect rollover can be made in 12 months.

How do I Transfer funds from my current IRA to a Madison Self Directed IRA?

You can transfer your current IRA’s funds to a Madison Self Directed IRA in 4 simple steps!

You’ll start the process by filling out Madison’s Transfer Authorization form.

Next, you’ll upload the completed Transfer Authorization form to our Secure Uploads Portal.

Once our team receives your form, we will submit a request to transfer your current IRA’s funds to your Madison Trust Self Directed IRA.

Finally, we will notify you once the funds are received in your new Madison Self Directed IRA.

It’s that easy!

Are you new to self-direction? We’re here for you!

Our dedicated Self Directed IRA Specialists will provide step-by-step guidance through the transfers process and answer any other questions you have.

Experience exceptional service for your exciting investment opportunities at Madison Trust!…(read more)

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If you want to take control of your retirement savings and invest in a broader range of assets, a self-directed IRA may be the perfect solution for you. With a self-directed IRA, you have the ability to invest in alternative assets such as real estate, private equity, precious metals, and more. However, in order to take advantage of these investment opportunities, you will need to transfer funds to your self-directed IRA.

Madison Trust Company is a leading provider of self-directed IRAs, and they offer a simple and straightforward process for transferring funds to your account. Here’s how you can transfer funds to a self-directed IRA with Madison Trust Company:

1. Open an Account: The first step in transferring funds to a self-directed IRA with Madison Trust Company is to open an account. You can easily open an account online or by contacting their customer service team. Once your account is open, you will be assigned a dedicated account manager who will guide you through the transfer process.

2. Choose the Type of Transfer: There are several ways to transfer funds to a self-directed IRA, including rollovers, transfers, and contributions. Your account manager will help you determine the best method for your specific situation.

3. Complete the Transfer Form: Once you have decided on the type of transfer, your account manager will provide you with the necessary forms to complete the transfer. These forms will include information about the transferring institution, the amount you want to transfer, and the type of transfer you are requesting.

4. Transfer the Funds: After you have completed the transfer forms, you will need to contact the transferring institution to request the transfer of funds to your self-directed IRA with Madison Trust Company. Your account manager will provide you with all the necessary information and instructions to ensure a smooth transfer process.

5. Invest Your Funds: Once the funds have been transferred to your self-directed IRA, you can start investing in a wide range of alternative assets. Madison Trust Company offers an easy-to-use online platform where you can manage your investments and track the performance of your portfolio.

Transferring funds to a self-directed IRA with Madison Trust Company is a simple and hassle-free process. Their dedicated account managers are there to assist you every step of the way, ensuring that your transfer is completed in a timely manner and with the utmost care.

If you are ready to take control of your retirement savings and explore new investment opportunities, consider transferring funds to a self-directed IRA with Madison Trust Company. With their expertise and support, you can start building a more diverse and robust retirement portfolio that aligns with your financial goals.