Gloomy Financial Industry Has a Bright Spot: Self-Directed IRAs
Self-Directed IRAs Continue to Grow Investor's Accounts Despite Tough Economy; As Popularity Increases, Self-Directed IRA Education Week, March 9-13, (www.SelfdirectedIRAweek.com) Provides Informational Programs and Resources
ELYRIA, Ohio (PRWEB) March 10, 2009 -- With constant negative news about financial industry, there is one sector that is growing - self-directed IRAs. An increasing portion of the $4.5 trillion of Americans' retirement savings in defined contribution plans and IRAs is now being held in self-directed IRAs. As the popularity of self-directed IRAs continues to increase so does the demand for information and resources.
Self-Directed IRA Education Week (http://www.selfdirectediraweek.com), March 9-13, 2009 was launched to meet the growing demand for self-directed IRA information.
"While self-directed IRAs have existed for more than 30 years, market volatility and Americans' interest in taking control of their financial future has fueled increased interest in self-directed investing," said Bradley Hemstreet, Equity Trust Company Vice President.
According to The U.S. Retirement Market, First Quarter 2008 Report, mutual funds still manage 47 percent of IRA assets, but it's clear to the IRA industry that the number of individuals who want to benefit from self-directed IRAs is growing.
Self-directed IRAs allow people to invest in more than just stocks and bonds - such investments include real estate, promissory notes, tax liens, private entities, and much more.
The recent tumultuous economy has many investors looking for alternatives to traditional stocks and bonds as they seek a safe-haven from the volatility of the market. However, the increase in the popularity of self-directed IRAs can be attributed to more than current market conditions. An additional factor to this accelerating trend is the ability of people to have more control of their investments with self-directed IRAs.
Self-Directed IRA Education Week, March 9 - 13, 2009 gives investors the ability to discover more about self-directed investing by:
| | - Participating in live Webinars;
- Receiving useful - and user-friendly - guides and information;
- Gaining access to on-demand teleseminars, reports and articles;
- Hearing how others have experienced success by self-directing their IRAs.
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For more information about Self-Directed IRA Education Week visit www.selfdirectediraweek.com.
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