Midland IRA is a custodian for thousands of different precious metals IRAs. Besides this, they offer a constant and continuously refreshed array of educational materials for IRA accounts. Their educational and record keeping services benefit both novices and professionals. The firm delivers options of flat rate yearly fees as well as sliding scale fees.
Midland #6 is ranked on our list of the top 10 IRA custodians of 2020. In the following review we'll cover this custodian's history, management, reputation, products/services, and fees.
Midland IRA (www.midlandira.com/) is a Chicago-based IRA administrator and custodian that specializes in helping their clients invest in alternative assets like precious metals within self-directed retirement accounts. The company acts as the qualified trustee (custodian) of thousands of precious metals IRAs. They also provide recordkeeping services and a continual supply of educational material for IRA professionals and investors.
The company's Principal is Brandon Stith, an experienced financial services provider with more than 10 years industry experience, a Bachelor of Business Degree in Financial Services, and certification as a Certified IRA Services professional (CISP) from the American Banking Association's Institute of Certified Bankers. The company lists three managers on their Meet Our Team page – Amanda Bermudez, Daniel Hanlon, and Scott Foresman.
Midland IRA specializes in a broad range of alternative investments within self-directed IRAs, including precious metals. They act solely as the qualified trustee/custodian of the account and do not provide any bullion or other precious metals products. Below is a screenshot of their fee schedule for a precious metals IRA with Midland IRA:
Note that in the above screenshot you'll see two options for annual fee payment. Most investors choose the first option, which gives them flat-rate annual fee, as opposed to the second option, which gives them a sliding scale fee that could become more expensive in the long-term.
Investing in precious metals within a retirement account isn't a process that should be rushed or downplayed in importance. With most experts recommending an allocation of at least 5%-20% of your retirement investments towards precious metals, this portion of your portfolio may seem like a minority, but it could wind up holding majority importance in the event of another recession or global financial crisis.
A self-directed IRA gives you the freedom to invest some of your retirement savings in a variety of alternative instruments, including precious metals. However, not all self-directed IRAs are the same, so setting up an account and purchasing IRA-eligible bullion for it is not always as straightforward as it might seems.
To avoid the hassle and expense of paying unnecessary fees and enduring a complicated setup and administration process, we suggest you thoroughly compare the top precious metals companies and IRA custodians before making a buying decision. Fortunately, we've made it easy fro anyone to conduct their own research from our Top 70 Gold IRA Companies of 2020 and Top 10 IRA Custodians of 2020 lists.
If you're an owner, representative, or associate of Midland IRA and you've noticed any information within this review that is inaccurate or outdated, please do contact us with your concerns. We strive to provide the most accurate and up-to-date reviews on an ongoing basis.
While building this year's list of the top 10 IRA custodians, we considered a total of 37 different companies before narrowing down the candidates presented in the finalized custodian comparison table. We've made it easy for anyone to conduct their own research regarding the history, features, reputations, and fees of the leading precious metals IRA custodians. Each company has been thoroughly researched and ranked based on the following factors:
In addition to excelling in the above aspects, Equity Institutional also ranked as the #1 custodian this year because of their partnership with Regal Assets, the #1 company on 2020's list of the top Gold IRA companies. Equity Institutional partners with bullion dealers, brokers, and investment firms to bring retirement investors cost-effective, streamlined access to precious metals IRAs. While it is possible to setup an account with Equity Institutional directly as an individual, there are numerous benefits associated with opening your account through Regal Assets, including:
If you'd like to learn more about the advantages of opening an Equity Institutional precious metals IRA through Regal Assets, see the full review of Regal Assets. You can also access Regal Assets highly informative investor's education kit that teaches you everything you need to know about investing in a Gold IRA by filling out the simple form below. Even if you don't plan on investing any funds right now, we strongly recommend you consider the content presented in their FREE information kit before making an investment decision in the precious metals industry.
Unsure about which Gold IRA company to choose? Let us match you based on your situation and objectives by taking this 1 minute quiz:
Midland IRA is a custodian for thousands of different precious metals IRAs. Besides this, they offer a constant and continuously refreshed array of educational materials for IRA accounts. Their educational and record keeping services benefit both novices and professionals. The firm delivers options of flat rate yearly fees as well as sliding scale fees.
Phone: +1 239 333 1032
Website: https://www.midlandira.com
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