(PRWEB) December 23, 2011
New Direction IRA, Inc, a self-directed retirement plan administrator, announced self-directed account funds totaling over 500 million dollars. The average retirement and health savings account is approximately $75,000, with clients who invest in real estate, gold, personal loans, and private company shares.
“2011's increase has been pretty drastic,” says Catherine Wynne, President of New Direction IRA, Inc. “The stock market has demonstrated the usual volatility, and the real estate market is always enticing to people, but many more people are opening self-directed retirement accounts.”
Wynne reports that New Direction IRA’s 5000 clients are using their self-directed IRAs to purchase 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 using loans combined with their IRA funds to purchase all kinds of real estate. “Thanks to a dramatic increase in the amount of national and local banks offering real estate IRA loans, people are able to buy a lot more than they thought they could.”
Although the average account is approximately $75,000 according to Wynne, self-directed retirement accounts are for everyone. “Many of our clients have as little as a few thousand dollars in their accounts, and they’ve actively invested. It’s more about what the client invests in than how much they have to invest,” said Wynne. “We always tell our clients to invest in what you know.”
Many clients have been taking advantage of lowered interest rates and the many foreclosures on the market. “With the stock market the way it’s been, 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’re both happy.”
New Direction IRA teaches hundreds of free webinars and classes to educate 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.
New Direction IRA, Inc., a self-directed IRA plan administrator, also offers self-directed Health Savings Accounts and can be reached at 303-546-7930 or toll free at 877-742-1270. Visit their website at NewDirectionIRA.com.