If you have a 401(k) that you left behind at a workplace where you are no longer employed, or you just want to put away some money for your retirement years and want to be in charge of your investments, let Presidential Bank put you in control. Presidential offers self-directed traditional Individual Retirement Accounts (IRAs) and self-directed Roth IRA Accounts to qualified individuals. These self-directed IRAs are now available for a low annual fee.

Since your IRA will be self-directed, you will be making all your own investment choices. Presidential’s Trust Department will not be providing any investment advice, recommendations or suggestions.

A self-directed Individual Retirement Account is an account that allows both traditional and alternative investments for your retirement savings. Some examples of investments that may be purchased through a self-directed IRA are: publicly traded stocks, bonds, mutual funds, real estate, private mortgages, private company stock, oil and gas limited partnerships, precious metals, horses, and intellectual property. When purchasing alternative investments (investments other than publicly traded stocks, bonds and mutual funds), please consult with our Trust Custody Department to determine what special arrangements and fees may apply.

Learn more about IRAs here.

Presidential Bank’s Trust Department is a qualified custodian to hold your IRA assets.  Presidential’s Trust Department can act as your custodian for the assets owned by your Self-Directed IRA, processing all transactions, performing requisite recordkeeping, filing necessary reports with the IRS, issuing account statements, forwarding investor materials received in your behalf, helping you to understand the rules and regulations pertaining to certain transactions, and performing other administrative duties.  Our Trust Department staff is trained and experienced and ready to help you establish your flexible asset IRA.   Call today and get started (703) 528-7994.