Types of Retirement Accounts

More Investment Options, Greater Control of Your Retirement Funds

Midland Trust gives you the ultimate freedom and flexibility to choose your investment options. Bank and brokerage firms may offer “self-directed” plans. However, they only allow you to invest in products they sell, limiting you to Wall Street stocks, bonds, and mutual funds. Find out which self-directed account types allow this investment freedom.

Open an account at Midland Trust. Step off Wall Street and use a truly self-directed IRA to invest in alternative assets. Your investment options include real estate, private equity, notes, hedge funds, LLCs, forex, and more.

Invest in what you know best. You have total control over your retirement funds and investment decisions. Alternative assets help diversify your retirement portfolio. Diversity is critical to help protect your hard-earned savings and offset losses when the stock market downturns.

Traditional IRA

Account owners with earned income can contribute pre-tax dollars towards retirement. Taxes are due when distributions are made upon retirement. Contributions of up to $6000 can be made annually, with a catch-up allowance of an additional $1000 for those 50 or older. Contributions may be tax-deductible, and earnings grow tax-deferred.Learn about self-directed traditional IRAs »

Roth IRA

Roth IRAs are favored for eligible individuals who can make post-tax contributions of up to $5500 annually. The catch-up contribution of $1000 applies for those 50 or older. Contributions are not tax-deductible, but all earnings can grow tax-free. As long as the account has been established for five years, withdrawals can be taken without penalty at the age of 59 1/2.Learn about self-directed Roth IRAs »


Simplified Employee Pension (SEP) plans allow the self-employed, partners, or corporation owners a low-cost, easy way to provide retirement benefits for employees. Employers can make discretionary, tax-deductible contributions of up to 25% of each employees’ compensation up to a maximum of $57,000 in 2020.Learn about self-directed SEP IRAs »


Savings incentive match plans for employees (SIMPLE IRAs) are tailored for small businesses. Employees (including the self-employed) choose to defer a pre-tax portion of their compensation into the plan. Employee contribution limits are $13,500 or $16,500 for those 50 and older. Employers can match this contribution to up to 3% of the employee’s compensation.Learn about self-directed SIMPLE IRAs »

Individual 401(k) Plan

Also known as Individual(k)s or Solo 401(k)s, these retirement plans provide much the same profit-sharing advantages as a typical 401(k), with less complexity and lower costs. There is a Roth version available with this plan providing post-tax employee contributions.Learn about self-directed individual 401(k)s »

Education Savings Account (ESA)

Coverdell Education Savings Accounts (ESAs) allow tax-advantaged savings benefits for a child’s education. These funds are used to pay for qualified educational expenses such as tuition, books, uniforms, etc.Learn about self-directed ESAs »

Health Savings Account (HSA)

Health Savings Acounts allow individuals and families to accrue tax-sheltered savings for qualified medical expenses.Learn about self-directed HSAs »

Open an Account

All of these plans can self-directed and invest in alternative assets. Open an account with Midland today using our online or downloadable forms.Open account now »