MIDLAND TRUST COMPANY, NOR ITS AFFILIATES OR SUBSIDIARIES (COLLECTIVELY REFERRED TO AS "MIDLAND"), IS NOT A FIDUCIARY: Midland’s role as the Custodian and/or Administrator of self-directed retirement accounts is non-discretionary and/or administrative in nature. The account holder or his/her authorized representative must direct all investment transactions and choose the investment(s) for the account, and is responsible for conducting his/her own due diligence. Midland has no responsibility or involvement in selecting or evaluating any investment and does not conduct any due diligence on any investment. Nothing contained herein shall be construed as investment, legal, tax, or financial advice or as a guarantee, endorsement, or certification of any investments.

Glossary

Midland Trust glossary of financial terms.

Accredited Investor

Administrator

Alternative Investment/Alternative Asset

Articles of Organization

Catch-Up Contribution

Contingent Beneficiary

Contribution

Contribution Limit

Custodian

Direct Rollover

Disqualified Person

Distribution

Fair Market Valuation/Fair Market Value/FMV

FMV Documentation Samples

Form 1099-R

Form 5498

Form 5500

Form 990-T

Indirect Rollover

Operating Agreement

Primary Beneficiary

Prohibited Investment

Prohibited Transaction

Required Minimum Distribution/RMD

Roth Conversion

Subscription Agreement

Tax-Deferred

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Traditional Investment

Transfer

Trustee

Unrelated Business Income Tax/UBIT

Unrelated Business Taxable Income/UBTI

Unrelated Debt-Financed Income Tax/UDFI