What is the
minimum amount required for opening a Managed IRA account?
Generally, $10,000.00 is the required minimum to open a Slavic Managed IRA
account. If your 401k rollover is less than this minimum, perhaps you can
reach the required balance by combining other IRA or 401k account balances.
What is the fastest way to open a new account?
The online application is the fastest way to open and fund your new account.
Can I trade mutual funds and stocks in my Slavic Managed IRA account?
No, there are no self-directed options available. The Slavic Managed IRA is
a managed product with four managed investment choices: Aggressive,
Moderate, Conservative and Ultra-conservative. Your account will be invested
in a pre-determined mix of mutual funds based upon your investment
objective.
What are the fees for a Slavic Managed IRA account?
There is a flat management fee of .6% or 60 basis points (BPS) for each of
the portfolios (This includes all custodian fees from the platform
custodian, Mid-Atlantic Trust.) The management fee is charged as a
percentage of the assets you have in your Slavic Managed IRA account. The
fee is very low — fractions of a percent — so it is calculated using a basis
point system. A basis point is 1/100 of a percent, meaning it takes one
hundred basis points to equal one percent. To figure out the fee you would
pay, simply multiply the total amount of your account asset by the 60 basis
point, remembering to convert the basis points into hundredths of a
percentage point.
Here’s an example: A Slavic Managed IRA account with a $10,000 balance
at 60 basis points (bps) would translate to a $60.00 annualized fee ($10,000
X .0060 = 60). All asset base fees are calculated quarterly and
automatically deducted from your Slavic Managed IRA account. All fees are
disclosed upfront and will be reflected on your account statement.
Can I receive account statements through the mail?
No, you must have an email address to open an account. All IRA statements,
mutual fund prospectuses, applications and IRA Portal are available via a
secured link. Monthly IRA account balance and market commentary are
delivered via email.
Is Slavic Managed IRA account available only to current Slavic401k
clients?
No. You can open a Slavic Managed IRA account even if you are not a
Slavic401k.com client.
How do I transfer an existing retirement account into a Slavic Managed IRA?
If you don't have one already, the first step is to open a Slavic Managed
IRA. Then, transfer funds or assets from other financial institution.