Self-directed IRA Professionals Learned New Insights on Cybersecurity, Crowdfunding and the Fiduciary Rule at the RITA Conference in Las Vegas, October 22-23, 2015
(PRWEB) November 04, 2015 -- Self-directed IRA Industry professionals got the inside scoop at the Retirement Industry Trust Association's (RITA) Winning Strategies conference held in Las Vegas, October 22-23.
The Self-directed IRA market increased approximately 5 percent over last year according to Mary Mohr, Executive Director. The total size of the IRA market is $7.4 trillion based on research from the Investment Company Institute.
Self-directed IRA's are becoming more and more popular retirement savings vehicles and for some investors-- a very smart solution. One speaker and former government employee, who served on the Senate’s Health, Education, Labor and Pension (HELP) Committee, shared how he discovered self-directed IRA's from his Uncle who successfully invested in tax liens with his IRA. With the recent swings in the stock market, savers and investors want diversification within their retirement assets.
Timely topics and panel discussions directly with the regulators included crowdfunding and the re-proposed fiduciary rule, now known as the "Best Interest Contract.”
There was concern about the DOL's proposal threatening the ability of American savers from investing in real estate or private equity by limiting their ability to obtain investment advice on alternative assets. As the voice of the self-directed IRA industry, RITA continually works hard to promote collaborative efforts with regulatory and enforcement agencies to better understand the industry.
Cybersecurity was a hot topic that unfortunately affects most industries and companies regardless of size. Attendees learned the latest threats and measures to help guard against it.
America's leading trust system technology provider and long term RITA sponsor, Innovest Systems shared their latest products and solutions for trust companies and third party administrators.
Diane Foley, head of Nevada Securities Division and member of the Board of Directors for the National Association of State Securities Administrators (NASAA), mentioned that research cites the median balance for savings near retirement age is $100,000—certainly not enough for an average person’s retirement years. Tom Anderson, President of RITA and retired founder of PENSCO Trust says, "Americans need to know all their investment options including those outside of Wall Street. The next Fortune 500 company may get started with a Roth or IRA, similar to PayPal's success."
Interested investors can learn more and download a Free checklist, Check Before You Invest at ritaus.org.
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About RITA:
The Retirement Industry Trust Association is a non-profit trade association formed in 1987, which represents trust companies, banks, attorneys, accountants and other service providers as the voice of the self-directed retirement plan industry.
Mary Mohr, Retirement Industry Trust Association, http://ritaus.org, +1 (941) 724-0900, [email protected]
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