Account FAQs

Below, you will find the answers to our clients’ account FAQs.

If your question is not answered below, please feel free to reach out to our client services staff. Use the Chat feature in the bottom right corner, or call us at (239) 333-1032. Midland Trust is here to help!

Account FAQs

Understanding My Account FAQs

What is a Fair Market Valuation?

What is a Required Minimum Distribution (RMD)?

What is UBIT/UDFI?

What is a 990-T Filing?

What Are the Contribution Limits?

What Do My Midland Fees Cover?

What is a 5498?

What is a 1099-R?

Where Can I Find a Breakdown of Fees for My Account?

Where Can I Find Statements for My Account?

Where Can I Find Tax Documents for My Account?

Managing My Account

How Do I Utilize Midland’s Online Portal, Midland360?

How Do I Fund or Contribute to My Account?

How Do I Initiate a Rollover?

How Do I Calculate My Required Minimum Distribution?

How Do I Update the Fair Market Value of My Investment?

How Do I Update My Contact Information?

How Do I Request a Distribution?

How Do I Request a Withdrawal From My Trading Account?

How Do I Initiate an IRA to IRA Transfer When My Account Is All Cash?

What Is the Flow/Process for Transfers, Rollovers, and Distributions With an Active Trading Account?

How Do I Pay a Bill on My Account?

How Does a Third Party Send Funds to My IRA Related to My Investment?

How Can I Pay My Midland Fees or Update My Preferred Billing Method?

How Do I Generate a Custom Statement for My Account?

How Do I Add or Update the Beneficiary on My Account?

How Do I Grant Access to My Account to Another Individual?

Making an Investment

Who Are Disqualified Parties?

What is a Prohibited Transaction?

What Types of Assets Can I Hold in My IRA?

Does Midland Advise?

Who Completes Due Diligence on an Investment?

How Do I Let Midland Know When I Am Ready to Move Forward With an Investment?

How Do I Liquidate an Investment?

Does Midland Have Options for My Uninvested Cash Balance?

What is the Typical Timeline for Completing an Investment?

What Fees Does Midland Charge to Make an Investment?