Equity Trust Company: Complaints About Retirement Planning Remedied with Self-Directed 401(k)s
More and more employees are turning to the options afforded by self-directed retirement accounts--a trend that has won the favor of Equity Trust Company.
PHILADELPHIA, PA, October 24, 2012
Many American workers are provided with retirement savings options by their employers--but in many instances, these options leave something to be desired. A recent Daily Finance article notes that, for many employees, opting out of restrictive, employer-provided retirement plans and instead choosing self-directed retirement options is ultimately the better choice. A self-directed retirement plan allows the employee to invest his or her funds in a variety of ways, but a more traditional, employer-run plan offers limited investment options, typically confined to stocks and mutual funds. According to a firm called Equity Trust Company, complaints about these limited options are what lead many employees to consider other self-directed options.Equity Trust Company is one of the nation's foremost leaders in self-directed retirement plans. The company offers custodial and administrative services in self-directed IRAs and 401(k)s, and currently administers retirement accounts for individuals in all 50 states. At Equity Trust Company, complaints about traditional retirement accounts are common, but the company seeks to alleviate them by making available to investors, more self-directed options. The company has issued a new press statement in response to the Daily Finance article.
Equity Trust begins by noting the myriad reasons why investors often turn to self-directed plans. "Market volatility, high management fees on mutual funds, and unfamiliarity with stocks are just a few reasons why many investors are choosing to self-direct their retirement funds into other investments," says the company's press statement. "The ability to direct retirement money in assets other than the stock market is an attractive option to many. With any investment there is risk, but investors are turning to themselves to lead their retirement planning, rather than leaving it in the hands of others."
The major advantage of the self-directed retirement fund, as administered by Equity Trust Company, is that the investor can choose how his or her money is invested. With a traditional IRA or 401(k) administered by employers, the investor may have all of his or her funds put into stocks and bonds, but with a self-directed plan, the investor can choose to invest in other and expanded alternatives, such as real estate or even foreign currency.
Daily Finance makes note of the fact that many employer-directed retirement plans simply do not provide employees with sufficient alternative investment options. Equity Trust Company offers individuals the opportunity to choose either self-directed 401(k) or IRA options with more investment alternatives. The company encourages its clients to invest in areas in which they have previous experience or familiarity.
ABOUT:
Equity Trust Company is the country's leading provider of self-directed IRAs and 401(k)s, with more than 130,000 clients in all 50 states and close to $11 billion dollars of retirement plan assets currently under administration. The company believes in self-directed retirement accounts as ideal vehicles for generating long-term wealth, as they allow investors the freedom to invest funds as they determine. At Equity Trust Company, complaints about restrictive traditional retirement programs are commonly heard, and the company responds to these complaints by providing information about the alternatives available through self-directed programs.