New FinancialSuccessInstitute.org Survey Finds Subscribers Frustrated and Misinformed About Their Self Directed IRA Custodian

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Financial Success Institute today released findings from a new survey of subscribers. At the top of the list is a need for more flexibility from their self directed IRA custodian. The field of self directed IRA custodians has become crowded as alternative investments gain popularity and not all self directed IRA custodians meet the needs and expectations of the Institute's subscribers. In the coming weeks FinancialSuccessInstitute.org will be addressing the needs of subscribers to find the best qualified self directed IRA custodians.

IRA in real estate

Richard Geller CEO and managing director of Financial Success Institute

FinancialSuccessInstitute.org is now providing information and resources to aid our subscribers in selecting the best self directed IRA custodians available.

Richard Geller, CEO and managing director of FinancialSuccessInstitute.org, stated today, "The new survey finds our subscribers are confused about how to select a self directed IRA custodian. The self directed IRA custodian field is growing rapidly in response to the growing number of investors choosing alternative investments over stocks and bonds. The influx of new self directed IRA custodians has further confused an already difficult decision. FinancialSuccessInstitute.org is now providing information and resources to aid our subscribers in selecting the best self directed IRA custodians available."

Geller continues, "One trend the Institute uncovered is that some of the tired old Wall Street financial services are repackaging existing products and labeling them as alternative investments to move into the self directed custodian field. At best, they might add a hedge fund and Real Estate Investment Trust (REIT) as the alternative investment arm of their offerings. This is not what FinancialSuccessInstitute.org subscribers are looking for in a self directed IRA custodian. An important aspect of a high quality self directed IRA custodian is one that allows a limited liability company to hold all the owner's assets instead of holding them in the name of the self directed IRA custodian."
Geller becomes specific. "The survey found 162% of those responding have trouble with their self directed IRA custodian in three specific areas. The results exceed 100% because those responding to the survey were able to select more than one problem with their self directed IRA custodian. A full 53.8% say their self directed IRA custodian charges too much. Slightly less than half, 47.9%, say the self directed IRA custodian slows down their ability to make timely investments. And 60.7% say their self directed IRA custodian restricts their freedom to invest in things like real estate and physical precious metals or venture financing - exactly the reason most investors switch to a self directed IRA custodian."

Geller elaborates, "This FinancialSuccessInstitute.org article outlines a major risk if a retirement account owner goes with the wrong Self Directed IRA Custodian.

Geller emphasizes, "Surprising to the Financial Success Institute, is that 55.5% of those responding were not aware that unlike a self directed IRA, a self directed 401K does not require the account owner to hire a third party as a self directed IRA custodian. Investors are able to fully control their self directed 401K without any charges or delays or unnecessary limits being placed on them by a self directed IRA custodian. To help all readers understand the major benefits gained by eliminating the self directed IRA custodian and going with the self directed 401K, the Institute immediately made this Expert Panel Special Report available."

Geller concludes, "As FinancialSuccessInstitute.org subscribers avail themselves to new self directed IRA custodian resources, the Institute will be vigilant about making sure our subscribers fully understand everything they need to about self directed IRA custodians. When subscribers need expert advice regarding their specific self directed IRA custodian needs, the institute will put them in contact with the best self directed IRA custodian experts in the business."

About FinancialSuccessInstitute.org. The Institute is devoted to educating readers and subscribes about investing alternatives and safeguarding wealth once acquired. Information regarding the self directed IRA custodian is only a small sample of resources available to subscribers. Besides details about the self directed IRA custodian, other information readers can access includes the self directed IRA LLC, self directed 401K, debt settlement, legally minimizing taxes, tax lien investing, and precious metal investing.

Disclaimer: Information here and at FinancialSuccessInstitute.org is not legal or professional advice regarding self directed IRA custodians or any other retirement account activity. It's intended only as general information sharing. Seek professional assistance regarding your specific circumstances and applicable laws to assure you fully understand your self directed IRA custodian needs or before taking any other retirement account action.

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