Let’s run some numbers. If we are dealing with a Self Directed IRA valued at $250,000, then the annual fee for that account would come out to $650. If the IRA grew in value to $400,000, then the annual fee would adjust accordingly to $1,040.
If we run the same numbers for a flat fee schedule, the results are remarkably different. Madison charges a flat fee of $100/quarter which comes out to an annual fee of $400. This is true no matter how much your Self Directed IRA increases in value. (That’s why it’s called flat.)
For most IRA accounts the flat fee schedule will typically save you hundreds of dollars per year. There are a few cases where extremely active accounts may do better with a different fee structure. However those are usually served better by a Checkbook IRA.
Madison Trust is that rare company where customer service is alive and well. No endless phone menus just to be routed to a call center somewhere overseas. Instead, your calls are answered by associates who have great communications skills and who really know their stuff! They are quick to answer any questions you may have and will make sure you are satisfied by the end of your call. It really is a pleasure to do business with this company.