Does Unchained offer IRA Statements?
Yes. Fortis Bank, as IRA custodian, typically mails an annual IRA statement showing year-end fair market value and RMD calculations at the end of January.
Annual IRA statements include your IRA account's Fair Market Value and account activity. Fortis additionally files Form 5498 with the IRS (with a copy mailed to you) showing prior year-end fair market value along with certain other information by the IRS deadline of May 31. To ensure delivery, please keep your residential address up to date. If needed, you can request IRA statements anytime by emailing IRA@unchained.com.
Note: In accordance with IRS tax reporting regulations, Unchained will update Fortis Bank with client vault balances at the end of each calendar year.