Freedom Growth Announces New Retirement Plan Option for Small Business
Beyond traditional 401(k)s, small businesses now have more options to offer their employees with new self-directed retirement plans taking the control out of Wall Street’s hands and giving it to the individual.
Los Angeles, CA, February 27, 2009 --(PR.com)-- FreedomGrowth.com announces a new retirement plan customized for small business owners which allows individuals to open self-directed retirement accounts and incorporate more asset types such as real estate. “Individuals will no longer be tethered to the traditional and inflexible plans of yesterday,” stated David Coe, founder of FreedomGrowth.com, “they will have a variety of options allowing them to make the right choice for their situation and letting them make financial strides even in a down economy.”
Traditional 401(k)s and IRAs lack diversification according to Coe with nearly 85% of the assets invested in mutual funds and stocks. This has caused a lack of self-sustaining retirees with the average American retiring on only $13,500/year with social security providing a whopping 89% of all retirement income, according to the American Economic Association of Washington D.C.
A self-directed retirement account allows for unrestricted investing in non-traditional or alternative investments. There are some regulations surrounding what types of investments individuals can partake in however the variety is much broader than traditional retirement options. What a self-directed retirement account does offer specifically is true diversification. “True diversification doesn’t mean buying different stocks and mutual funds” says Coe, “it means owning asset classes such as stocks, fixed-income bonds, money markets, real estate and commodities such as grain, gold and oil. Diversification reduces risk in a portfolio which in turn reduces the likelihood of substantial losses in a turbulent economy and provides consistent performance in all economic conditions.”
FreedomGrowth.com is in the process of establishing these small business self-directed retirement accounts with a handful of companies with a line forming for many more to get on board. They have partnered with the best in the business to provide expert service each step of the way and will even provide employee training for these new programs.
“Small businesses are having to get smarter about how they position themselves. With capital constrained, this is an opportunity to attract and retain top talent without having to balloon salaries,” said Coe. “The self-directed retirement account can rejuvenate a stale retirement plan and will make the traditional stock market-based plans of the past obsolete.”
About Freedom Growth:
Freedom Growth (www.FreedomGrowth.com) is a California-based company that helps individuals and small businesses diversify their retirement savings through the establishment of self-directed retirement accounts. Freedom Growth provides guidance and education on the process of asset conversion into a self-directed account and presents a range of options, including real estate, to help consumers truly diversify their retirement portfolios.
###
Traditional 401(k)s and IRAs lack diversification according to Coe with nearly 85% of the assets invested in mutual funds and stocks. This has caused a lack of self-sustaining retirees with the average American retiring on only $13,500/year with social security providing a whopping 89% of all retirement income, according to the American Economic Association of Washington D.C.
A self-directed retirement account allows for unrestricted investing in non-traditional or alternative investments. There are some regulations surrounding what types of investments individuals can partake in however the variety is much broader than traditional retirement options. What a self-directed retirement account does offer specifically is true diversification. “True diversification doesn’t mean buying different stocks and mutual funds” says Coe, “it means owning asset classes such as stocks, fixed-income bonds, money markets, real estate and commodities such as grain, gold and oil. Diversification reduces risk in a portfolio which in turn reduces the likelihood of substantial losses in a turbulent economy and provides consistent performance in all economic conditions.”
FreedomGrowth.com is in the process of establishing these small business self-directed retirement accounts with a handful of companies with a line forming for many more to get on board. They have partnered with the best in the business to provide expert service each step of the way and will even provide employee training for these new programs.
“Small businesses are having to get smarter about how they position themselves. With capital constrained, this is an opportunity to attract and retain top talent without having to balloon salaries,” said Coe. “The self-directed retirement account can rejuvenate a stale retirement plan and will make the traditional stock market-based plans of the past obsolete.”
About Freedom Growth:
Freedom Growth (www.FreedomGrowth.com) is a California-based company that helps individuals and small businesses diversify their retirement savings through the establishment of self-directed retirement accounts. Freedom Growth provides guidance and education on the process of asset conversion into a self-directed account and presents a range of options, including real estate, to help consumers truly diversify their retirement portfolios.
###
Contact
Freedom Growth
Brooke Coe
310/372-2695
www.freedomgrowth.com
Brooke Coe
310/372-2695
www.freedomgrowth.com
Contact
Categories