Entrust New Direction IRA, Inc, a self-directed IRA/401(k) administrator for the Rocky Mountain region, announced self-directed account funds totaling over a quarter of a billion dollars today.
Lafayette, CO (PRWEB) November 30, 2009 -- Entrust New Direction IRA, Inc, a self-directed IRA/401(k) administrator for the Rocky Mountain region, announced self-directed account funds totaling over a quarter of a billion dollars today. "The increase this year has been pretty amazing," said Catherine Wynne, President of Entrust New Direction IRA, Inc. "It could be the stock market's unpredictability, or the current dip in real estate prices, or maybe all the interest in gold, or all the talk about how long social security will last, but many people are opening self-directed retirement accounts."
Wynne reports that Entrust New Direction's 3400 clients are using their self-directed IRAs to purchase various forms of real estate, business franchises and pre-IPO shares as well as the more standard retirement fund fare of stocks, bonds and mutual funds. Many of these clients are also leveraging their IRA funds to purchase real estate. "Thanks to an increase in national and local banks offering real estate IRA loans, many people can buy a lot more real estate than they thought they could."
Wynne reports that average account is worth approximately $75,000. "Self-directed retirement accounts are not just for millionaires. Some clients have as little as a few thousand dollars in their accounts, and they have found investment opportunities. It's more about what the client invests in than how much they have to invest," explains Wynne. "We always tell our clients to invest in what you know."
Entrust New Direction sees many clients taking advantage of lowered interest rates and the still-numerous foreclosures on the market. "With the stock market the way it's been, and the real estate investment opportunities, people love the flexibility of what some call a Real Estate IRA."
The self-directed IRA is not limited to real estate, however. Wynne reports that clients have also used their IRAs to fund personal loans. "If someone you know is paying 15% interest to a credit card company, and your IRA can offer them a loan with 10% interest, you are both happy." In addition, many clients have happily invested in gold, silver and other precious metals.
Entrust New Direction IRA offers a variety of classes aimed at educating new and experienced real estate investors and real estate professionals, so even a person with a small IRA fund can make big money for their IRA.
About Entrust New Direction IRA, Inc.: Entrust New Direction (http://newdirectionira.com/), part of the Entrust Group, is a self-directed retirement plan services firm, providing self-directed plans since 1981 and educating the general public about self-directing funds into non-traditional investments such as real estate, gold, private placements, LLCs and others. Entrust New Direction IRA offers both tax-deferred and tax-free self-directed plans to help clients achieve their investment goals. Besides retirement plans, the company also offers self-directed plans to save for children's education, health savings and more. The firm has also made client education a top priority through classes, articles, and presentations.
Media Contact:
John Sheflin
1300 Plaza Court North Suite 103
Lafayette CO 80026
303-546-7930
http://newdirectionira.com/
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