Archives: FAQs

How do I make a contribution to my account?

You will issue a check or wire to your Madison IRA using the Delivery Instructions.  You will provide Madison with a Deposit Information form. In Section B, you will select “Annual Contribution”.  

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Does Madison Trust recommend metal dealers to their clients?

No. Madison Trust is a “passive” IRA Custodian and cannot recommend Service Providers.

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Are there additional fees associated with holding precious metals in my IRA?

There is a $100 minimum storage fee charged annually. The $100 minimum includes the first $100,000 of investments held at the depository. Beyond that, storage fees will be billed at the rate of $1 per $1,000 of metals value.

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How do I distribute metal from my IRA to myself personally?

Please provide Madison Trust with a Distribution Request Form. Madison Trust will instruct Delaware Depository to ship the metals to your home address.

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How do I sell metal owned by my IRA?

The purchaser will prepare a Purchase Order showing the sales quantity and price. Please provide us with a copy of the Purchase Order along with a Sale of Asset Form. Madison will sell the metals on behalf of your IRA and deposit the proceeds into your IRA.

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Where will the metals be stored?

Metals will be shipped from your metals dealer to the Delaware Depository. Your IRA will maintain an account at the Delaware Depository and your metals will be stored in that account. 

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How do I purchase metal with my IRA?

Please provide us with an Investment Authorization form instructing Madison to purchase metals on behalf of your IRA. You will attach an Invoice from your metal dealer showing the quantity and price of the metals your IRA is purchasing.

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What kind of metals can I purchase with my IRA?

The following is a partial list of precious metals that Madison Trust will accept: Precious Metals List.

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How do I transfer additional funds from another IRA to my IRA LLC?

First, funds must move from the outgoing IRA Custodian to your Madison IRA. Then, Madison will invest the funds into your IRA LLC. Please complete a Transfer Authorization form and attach a recent account statement from the outgoing custodian. Provide Madison with a copy of the form via Madison’s secure upload portal. Contact your outgoing […]

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How do I transfer funds from my IRA LLC to a different IRA custodian (other than Madison)?

First, funds must move from your IRA LLC to your Madison IRA. Then, Madison will send funds to the receiving custodian. Send funds from your IRA LLC to Madison Trust using the Delivery Instructions. Provide Madison with a Deposit Information form, documenting the source of funds. In Section B you will select “Deposit from IRA […]

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