Before your money is deposited in a local FDIC-insured bank account of your choice, it will be moved to a registered qualified IRA custodian.

To be a qualified IRA custodian the institution must meet stringent state and federal requirements (explained in IRC Section 408) and have adequate reserves.

Your funds will be kept in a trust account for a short period of time (usually less than a week) before the funds are transferred into an LLC checking account of your choosing. Even if the Custodian goes out of business, your money will always be in your possession and the LLC can be registered as an in-kind transfer to another custodian.

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