Baby Boomers Beg Advisors for Truth on Self-Directed IRAs; PENSCO Trust Offers Mini-Symposium Series for Professional Advisors

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The exploding IRA market is expected to hit the $5.6 trillion mark by 2011. Roughly 75% of Boomer retirees roll their 401(k) retirement funds into IRA accounts, and are begging for help truly diversifying beyond the default choice of stocks and bonds. PENSCO Trust is offering a symposium on self-directed IRAs for real estate and financial professional advisors.

I have gained tremendous knowledge, experience and industry recognition from PENSCO’s training programs. This has resulted in new business for me.

PENSCOTrust.com, the forerunner in advanced self directed IRA education, has launched a new series of free mini-symposiums for tax attorneys, real estate pros, CPAs and financial planners who want to tap the emerging self-directed IRA market. The seminars, to be held in the fall in various cities, explain how advisors can deliver what IRA and 401(k) holders are asking for – safe and savvy, but little-known investment opportunities in private equities and real estate.

The exploding IRA market is expected to hit the $5.6 trillion mark by 2011. Roughly 75% of Baby Boomer retirees roll their 401(k) retirement funds into IRA accounts, and are begging their advisors for help truly diversify beyond the default choice of stocks and bonds.

John F. Lampe, wealth manager, real estate broker and attorney discovered at a PENSCO Trust seminar that self-directed IRAs are, "the greatest underutilized wealth management tool available." Only 2% of IRA investors have tapped into the self directed IRA market.

Untapped opportunities for financial and real estate professionals

Because most financial and real estate professionals aren’t yet experienced with investments outside the traditional stock market, many IRA holders have nowhere to turn for advice. Mark Robbins, VP of CTX Mortgage, Marin, CA, says, “I have gained tremendous knowledge, experience and industry recognition from PENSCO’s training programs. This has resulted in new business for me.”

“Most of our country’s wealth is in real estate and small business ownership,” says Tom Anderson, founder of PENSCO Trust Company, the only U.S. firm dedicated to the administration and custody of self-directed IRAs. “That’s why we’re passionate about educating professionals – so they can help their clients get the benefits of holding tangible non-traditional assets in their tax-deferred and tax-free IRA accounts,” Anderson said. Anderson blogs about self directed IRAs at http://www.tomandersonblog.com.

Pulling together the nation’s top talent in real estate, finance and law, these first-of-their-kind seminars allow money management professionals to embrace this new market and help their clients:

  • Buy and leverage real estate in a self-directed IRA account using a non-recourse loan, by NASB
  • Avoid prohibited transactions, such as self-dealing and enabling, by PENSCO Trust Company
  • Take advantage of 1031 exchanges, by Spectrus
  • How to use land trusts as an asset protection tool, by North American Realty Services, Inc.
  • How to invest in real estate using your IRA, by Pat Rice, author of IRA Wealth.

Advisors and press: Reserve a symposium seat at http://www.penscotrust.com.

  • Sept. 13, Houston, TX
  • Oct. 24, Naples/Ft. Myers, FL
  • Nov. 7, Chicago, IL

About PENSCO Trust Company

Established in 1989, PENSCO Trust Company is the country’s only single-service special asset custodian for self directed IRAs, with over $1.7 billion in real estate and private placement assets under administration. PENSCO, a passive custodian, doesn’t sell products nor give investment advice.

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Robyn Levin
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