Texas, (PressExposure) October 20, 2008 -- Sunwest Trust, Inc. the New Mexico Company that acts as an escrow agent and self-directed IRA custodian, claims the self directed IRA funds placed with their firm are FDIC insured through local banks. Sunwest Trust further claims that it is financially sound and is not directly affected by the day-to-day volatility of the stock market. Since Sunwest Trust's clients are self-directed, their investments are under each client's direct control and are diversified in non-traditional assets, which are not directly indexed to the ups and downs of the stock market.
"With the current economic scenario being what it is, clients are naturally concerned about the security of their retirement money," says Terry White, CEO of Sunwest Trust. "Large financial institutions including banks and lending agencies failing at regular intervals make headlines in the print and electronic media quite often, thus creating a suspicion in the mind of the clients about the security of their investments," White adds.
Sunwest Trust deposits the IRA funds received from its clients into FDIC-insured banks. Although Sunwest Trust, Inc. only requires a minimum account balance of $400, "with the recent passage of the Financial Rescue Legislation this month, Individual Retirement Accounts (IRAs) are now insured by the FDIC up to $400,000 until December 2009," says White, CEO of Sunwest Trust, Inc., as he attempted to avert growing suspicion among customers on the fate of their deposits.
Sunwest Trust is currently serving 14,000 individuals and companies and covering assets to the tune of $1 billion. "In August, the company had a record-breaking month, in terms of opening new accounts, and September is not far behind. The achievements during both these months were higher than the previous record, which was set in April, 2007," states Terry, projecting an attractive picture of the company's achievements.
Company management has very high expectations for making the current year the greatest in its 21 years. The company also claims to have achieved a growth rate of 15% annually and to have provided high-quality services to its customers.
In the world of finance, fortunes are often made in down markets. One only needs to use foresight and fortitude to make the right decisions. Retirement plans can succeed with diversification plans. "The self directed IRA could well be one of the best ways to achieve success with post retirement investments," adds White.
Although the stock market may fluctuate and credit may tighten, it doesn't mean that the avenues for lucrative investments are all closed. Diversification continues to be paramount to a successful retirement plan, and having a self-directed IRA may be central in achieving this. For example, with real estate property values nearing all-time lows, this may be an excellent time to purchase property as part of one's IRA.