National Self-Directed IRA Education Week celebrates thegrowing popularity of self-directed investing and provides valuable education and resources to people who want to discover more.
Elyria, Ohio (PRWEB) March 3, 2010
An increasing portion of the $4.1 trillion of Americans' retirement savings in defined contribution plans and IRAs is now being held in self-directed IRAs. The popularity of self-directed IRAs continues to increase because they offer greater control over accounts and the ability to invest in a full range of assets beyond the volatility of the market.
National Self-Directed IRA Education Week, March 8-12, 2010 (http://www.selfdirectediraweek.com) celebrates this growing popularity of self-directed investing and provides valuable education and resources to people who want to discover more.
"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, Third Quarter 2009 Report, mutual funds still make up 44 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.
~~Market Fears Fuel Investor’s Desire for Self-Directed IRAs~~
The tumultuous economy has many investors looking for alternatives to traditional stocks and bonds in their retirement accounts as they seek a safe haven from the volatility of the market. 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.
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.
National Self-Directed IRA Education Week allows people to discover more about self-directed investing by:
- Participating in live Webinars;
- Receiving useful - and user-friendly - guides and information;
- Accessing self-directed IRA FAQs;
- Hearing how others have experienced success by self-directing their IRAs.
For more information about Self-Directed IRA Education Week visit http://www.selfdirectediraweek.com.