SOURCE: Millennium Trust Company

Precious Metals IRA, Self Directed IRA, Precious Metals IRA, Alternative Investments, IRA Custodian

May 20, 2010 09:00 ET

Millennium Trust Announces Expanded Precious Metals IRA Program

OAK BROOK, IL--(Marketwire - May 20, 2010) -   Millennium Trust Company is pleased to announce the launch of its enhanced Precious Metals program. Investors wishing to further diversify their retirement portfolios with tangible assets such as gold, silver, platinum and palladium will benefit from this program.

Millennium Trust's new Precious Metals IRA is designed exclusively to hold certain coins, bars and rounds of gold, platinum, silver and palladium in IRAs at very low costs to the investor. Annual combined asset holding and account administration fees for Precious Metals IRAs will cost $100 after account setup and transaction fees. The only additional fees will be the depository fee for the safekeeping of the metals and shipping and handling charges associated with purchases or sales of metals in the IRA account.

Since the physical nature of precious metals coins and bars requires specialized handling and safekeeping, Millennium Trust has selected Delaware Depository Service Company (www.delawaredepository.com) to provide safekeeping of the physical metals held in its Precious Metals IRAs. Delaware Depository is a full service depository with extensive experience in safekeeping precious metals assets held in IRAs. The Depository is licensed by the New York Mercantile Exchange, New York Commodity Exchange and is approved by the Commodity Futures Trading Commission.

"Since many investors interested in precious metals will be self directing their retirement investing, it is important to perform due diligence on precious metals dealers before directing your custodian to complete the purchase on behalf of the IRA," states Scott McCartan, CEO of Millennium Trust. "The U.S. Mint and American Numismatic Association are good sources of consumer education on precious metals investing."

Precious Metals IRA accounts with Millennium Trust are now being accepted. For more information on the program, visit www.mtrustcompany.com/services/ira/precious.asp.

About Millennium Trust Company

Millennium Trust Company is an industry leader in administrative and IRA custodial services. Millennium custodies alternative and traditional assets in IRAs, Solo 401(k)s and custody accounts, offers cost-effective 403(b) solutions, creates customized Automatic Rollover programs, provides integrated Health Savings Account solutions and designs unique trading platforms for Investment Advisors. Additional information about Millennium Trust Company may be found at www.mtrustcompany.com.

Millennium Trust performs the duties of a custodian and, as such, does not provide investment advice or sell investments, nor offer any tax or legal advice.

Contact Information

  • Mary Hackbarth
    SVP, Director of Marketing
    Millennium Trust Company
    630.368.5642
    Email Contact

    Millennium Trust Company
    820 Jorie Boulevard
    Suite 420
    Oak Brook, Illinois 60523
    800.258.7878
    www.mtrustcompany.com

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