How do I protect the tax-deferred status of my Millennium Trust IRA/Solo 401(k)?
• All contributions or deposits to the Futures IRA must be sent directly to Millennium Trust, and upon your direction, will be forwarded to the broker or FCM of record for the futures investment. Funds should not be sent directly to the broker or FCM to be credited to the investment account. • All liquidations and distributions from a futures investment must be sent directly to Millennium Trust, and upon the client’s direction, conveyed by the Millennium Trust distribution request, will be forwarded to you as a distribution. You cannot receive funds directly from the broker or FCM.
• The IRA custodian must handle all flow of funds to/from the broker or FCM on behalf of the IRA. • All contributions or deposits to the IRA must be sent directly to Millennium Trust, and upon your direction, will be forwarded to your broker or FCM of record to fund your IRAs futures/forex trading account. Funds should not be sent directly to the broker or FCM to be credited to the IRA or the IRAs futures/forex trading account. • All liquidations and distributions from a futures/forex investment must be sent directly to Millennium Trust, and upon your direction, conveyed by the Millennium Trust distribution form, will be forwarded to you as a distribution. You will jeopardize the tax deferral status of your IRA if you receive funds directly from the broker or FCM on behalf of your IRA or its futures/forex trading account.
Related Questions
- What are the key steps required to expedite the establishment of an IRA at Millennium Trust and direct funding of a futures/forex trading account for the IRA?
- How do I protect the tax-deferred status of my Millennium Trust IRA/Solo 401(k)?
- How do I ensure that my Self-Directed IRA keeps its tax-deferred status?
