A GUIDE TO Self-Directed Brokerage Account - MSRS
A GUIDE TOSelf-DirectedBrokerageAccount
What is a self-directedbrokerage account?A self-directed brokerage account allows you to select fromthousands of publicly traded mutual funds in addition to theMinnesota Deferred Compensation (MNDCP) core investmentoptions. A self-directed brokerage account is offered withinthe MNDCP through TD Ameritrade. Mutual funds withinTD Ameritrade are not offered through the Plan Sponsor orGWFS Equities, Inc. You will not be able to invest in individualsecurities, such as stocks, bonds, exchange traded funds(ETF's) or options.There is an additionalannual administrative feeof 30 ( 2.50 monthly)for the use of a TDAmeritrade brokerageaccount. Additional feesmay apply depending ontrading activity.Is a brokerage accountright for me?A brokerage account is for knowledgeable investorswho understand the risks and costs associated withmutual fund investments.By utilizing the TD Ameritrade brokerage account,you acknowledge that none of the available fundofferings have been reviewed for suitability by youremployer, Plan Sponsor, TD Ameritrade, or the planrecordkeeper - Empower Retirement.You are solely responsible for determining thesuitability of the funds in which you invest. You agreeto fully indemnify and hold harmless your employer,Plan Sponsor, TD Ameritrade, and any/all serviceproviders to the Plan against any claims, damages,or other causes of actions which may arise as aresult of any negative consequence resulting fromusing the TD Ameritrade brokerage account.Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectusescontain this and other important information and may be obtained by calling TD Ameritrade. Read prospectusescarefully before investing.2
How do I open a TD Ameritradebrokerage account?You must already be enrolled in the MNDCP prior to opening a TD Ameritrade brokerage account.To Open a TD Ameritrade Brokerage Account1. Login to your MNDCP Account Online at www.msrs.state.mn.us2.Select Go to Savings Plans in the upper right3. Select Brokerage under Investments in the left navigation menu4. Click the Enroll icon to enroll in a pre-tax or Roth after-tax brokerage account.If you wish to open a pre-tax AND Roth brokerage account, you must enrollseparately in each. This will allow you to track your Roth investments andearnings separately from your pre-tax brokerage account.Once you enroll, you will receive your TD Ameritrade account number and be asked to create your ownPersonal Identification Number (PIN).Immediately following this step, you will be able to initiate your first transfer into your TD Ameritradebrokerage account. TD Ameritrade will send you a Welcome Kit.
How do I fund my TD Ameritradebrokerage account?Your per pay period contribution can be deposited directly to your TD Ameritrade brokerage accountor you can transfer a specific dollar amount from your MNDCP core investment option(s) into your TDAmeritrade brokerage account.You must maintain a minimum balance of 100 in an MNDCP core investment option.To deposit contributions directly to yourTD Ameritrade brokerage accountTo transfer a specific dollar amountfrom your core account balance1. Login to your MNDCP account online atwww.msrs.state.mn.us1. Login to your MNDCP account online atwww.msrs.state.mn.us2. Select Go to Savings Plans in the upper right2. Select Go to Savings Plans in the upper right3. Select View/Manage my investments underInvestments in the left navigation menu3. Select Brokerage under Investments in theleft navigation menu4. Select Change my Investments4. Select Transfer Info5. Select Change how my future contributionswill be invested5. Follow the instructions to transfer 100% orany portion of your account balance.6. Select Do it Myself - Choose individual funds7. Select TD Ameritrade SDB Sweep Programor TD Ameritrade SDB Sweep Program Rothas applicable
Frequently asked questionsHow do I transfer money back to myMNDCP core investment options?Contact TD Ameritrade or login to your TDAmeritrade brokerage account online to liquidateyour mutual fund holdings. Once the liquidationis complete, the proceeds are deposited intothe TD Ameritrade Sweep Program. You maythen transfer the proceeds back to your MNDCPcore investment option(s). You can initiate thetransfer by logging into your MNDCP accountonline or by contacting an MSRS Service CenterRepresentative.How can I manage and/or make changesto my TD Ameritrade brokerage account?Contact TD Ameritrade or login to your TDAmeritrade brokerage account online toinquire about your balance or to changeyour investment options.How do I request a withdrawal?You are eligible to request a withdrawal thirty daysafter termination of service. Once eligible, login toyour MNDCP account online or contact MSRSto request a Distribution/Direct Rollover form.You cannot take a withdrawal directly from yourTD Ameritrade brokerage account. You must firsttransfer money from your TD Ameritrade brokerageaccount back to a MNDCP core investmentoption(s). If your requested withdrawal amount isgreater than your core account balance, you willreceive less than the amount requested.Will I receive statements?Both MSRS and TD Ameritrade send quarterlystatements. TD Ameritrade will also send you amonthly statement if you have account activity inany given month.Note: The account balance on your MSRS and TDAmeritrade statements may be slightly different dueto different period-ending dates (for example, onemay be as of the last day of the quarter, while theother may be as of the last business day).Contact InformationMinnesota State Retirement System (MSRS)TD te.mn.uswww.tdameritraderetirement.com
Securities offered through GWFS Equities, Inc., Member FINRA/SIPC and a subsidiary of Great-WestLife & Annuity Insurance Company. GWL&A and/or its subsidiaries are not responsible for, have notreviewed and do not endorse the content contained on www.msrs.state.mn.usBrokerage services provided by TD Ameritrade, Inc., Member FINRA/SIPC/NFA. TD Ameritrade is a trademarkjointly owned by TD Ameritrade IP Company, Inc. and the Toronto Dominion Bank. All rights reserved. Usedwith permission. Additional information can be obtained by calling TD Ameritrade at 1.866.766.4015. TDAmeritrade and GWFS Equities, Inc. are separate and unaffiliated.The Minnesota Deferred Compensation Plan (MNDCP) is administered by Minnesota State Retirement System (MSRS).Questions?LocationsGo online:www.msrs.state.mn.usSt. Paul Main Office60 Empire Drive, Suite 300St. Paul, MN 55103Monday – Friday 8 a.m. - 4:30 p.m.Email us:info@msrs.usAdditional OfficesContact the MSRS Service Center:1.800.657.5757 or 651.296.2761Addresses and hours of operation available online.Make an appointment to speak with a retirementrepresentative at one of our offices. Duluth St. Cloud Mankato Detroit LakesOur Mission - We empower Minnesota public employees to build a strong foundation for retirement.RO1186113 (06/20)
Click the Enroll icon to enroll in a pre-tax or Roth after-tax brokerage account. To Open a TD Ameritrade Brokerage Account 2. 4. If you wish to open a pre-tax AND Roth brokerage account, you must enroll separately in each. This will allow you to track your Roth investments and earnings separately from your pre-tax brokerage account.
The Self Directed IRA Handbook is the most widely used book in the self-directed retirement plan industry. www.sdirahandbook.com. ABOUT KEVIN Attorney at KKOS Lawyers, where he advises clients regarding self-directed 401(k)s and other retirement plans. He routinely consults clients and establishes self-directed solo 401(k)s.
Work with IRA Financial. The Self-Directed IRA. 1.Introduction to the Self-Directed IRA 2.How You Can Benefit 3.Investment You Can Make 4.Traditional vs. Roth Self-Directed IRA 5.Self-Directed IRA for Small Businesses 6.Do Everything in Our App 7.Custodian vs. Checkbook Control 8.Why You Need a Custodian 9.Stay IRS Compliant
8. Define Directed Self Decon 9. Explain the process of Directed Self Decon 10. Demonstrate the procedure for Directed Self Decon 11. Define Decontamination Response Team 12. Differentiate between the need for directed self decon and decontamination response team initiation 13. Define the roles and responsibilities of members of a Decontamination
The Self-directed IRA Handbook 27 TABLE OF CONTENTS Acknowledgments 1 What is a Self-Directed IRA? 2 Self-Directed IRAs, Real Estate Investment, and The Prohibited Transaction Rules 3 Nonrecourse Loans & UDFI Tax 4 Leasing the Real Estate and Management Structures, and 5 The IRA/LLC (Checkbook C
The power of self-directed IRAs compared to conventional IRAs: 1. Self-directed IRA investments are not limited to stocks, bonds, and mutual funds. 2. Self-directed IRAs can invest in a large pool of alternative assets not available in brokerage IRA accounts. 3. Account owners—not advisors, brokers, or plan custodians—choose their own .
Yes, you can rollover to a self-directed IRA or SD 401k. I have a Traditional IRA with a bank or brokerage. Yes, you can transfer to a self-directed IRA or SD 401k. I have a Roth IRA with a bank or brokerage. Yes, you can transfer to a self-directed Roth IRA. I inherited an IRA and keep the account with a brokerage or bank as
Self-Directed IRAs, The Best-Kept Secret uDirect IRA Services (866) 447-6598 infouDirectIRA.com With a self-directed IRA, you choose your investments, such as homes, apartments, raw land, co-ops, condos, and commercial property and more. A self-directed IRA enables you to invest in what you know best.
A brokerage window allows participants to invest their account balances held within a self-directed retirement plan in a variety of investments beyond the menu of designated investment alternatives offered directly by the plan. A brokeragewindow sometimes is referred to as a "self-directed brokerage account" or "self-directed account."
