Archive for News

New Direction IRA Makes a Change

Thursday, December 1st, 2011

Effective December 1, 2011, Entrust New Direction IRA will become simply “New Direction IRA, Inc.” due to the pending mutual dissolution of the franchise system by us and the Entrust Group, which will be effective December 31, 2011.

Over the last few years, the franchise model of the Entrust Group has limited our ability to efficiently handle mandatory financial reporting requirements. One of the great benefits of this change will be New Direction’s ability to report directly to the custodian of our client accounts, First Trust Company of Onaga (FTCO), rather than routing transactions and documents through centralized third party processors. The direct connection will allow enhanced communication for our reporting and facilitate FTCO’s more direct oversight. The New Direction staff will remain the same group dedicated to providing account holders access to the investments of their choice.

Although our name is changing, our business model remains on the same firm footing. As mentioned above, the custodian that holds our IRA assets in trust, First Trust of Onaga, will remain the same. Cash assets will continue to be FDIC insured. Each retirement account will continue to be administered with comprehensive financial oversight and with the integrity and attention that you have come to expect from us.

These are exciting times at New Direction IRA. For while the foundation of the business is staying the same, changes are coming that will allow us to deliver even more efficient service. Namely, we will soon be offering the ability to open an account online, the ability to safely upload documents online, faster disbursements, shorter turnaround times for account transactions, and the ability for clients to track their investments more closely. So, for you who have worked with us to satisfy our mutual clients, we will be able to perform our role with greater efficacy than ever. And for those of you who have been our partner in providing education for an interested public, New Direction will be in even better position to be creative and flexible in developing and delivering information.

New Direction IRA is creating a more convenient and efficient business by combining its exceptional expertise and customer service with new efficiencies to make self-directed IRAs more accessible than ever.
New Direction IRA, Inc.
1070 W. Century Dr. Ste. 101
Louisville CO 80027

p 303-546-7930, x113
f 303-665-5962
toll free: 877-742-1270
NewDirectionIRA.com

For our FREE educational events on Self-Directed IRAs, visit: http://events.NewDirectionIRA.com/

Categories : News

FSD is the ONLY depository facility in the United States that offers Non-Invasive On-site Assay verification

First State Depository Company, LLC, of Wilmington Delaware, one of the nations most respected rare coin and precious metals depositories, has announced an exclusive partnership with Bullion Analysis, Inc., for assay verification services. First State will be the ONLY depository facility in the United States that can now offer Non Invasive On-site Assay verification of a clients holdings to insure against counterfeit bullion products.

News reports have shown an increasing number of counterfeit bullion products entering the marketplace, specifically tungsten filled gold bars and lead filled Silver bars. These counterfeits are very deceptive and surface analysis is rarely successful in detecting these fakes.

Bullion Analysis Corporation has developed a unique testing technology that can safely verify the purity of gold, silver and platinum precious metal products. This technology is completely safe and non-destructive to the precious metal, and is effective on everything from fractional ounce coins all the way up to the full size 100, 400 and 1,000 ounce COMEX bars of gold, silver and platinum.

This technology is completely safe and non-destructive to the precious metal

Through this exciting new partnership, First State Depository Corporation now has the exclusive U.S. use of Bullion Analysis, Inc. for assay verification within a commercial Depository facility. “We have had excellent results working with our colleagues at First State Depository, and find their level of professional service and security to be unmatched. We are very pleased to provide our exclusive, non-destructive assay verification services to FSDC clients at this highly secure facility.” said Tom Woolman, one of the senior managers at Bullion Analysis.

First State Depository has a long history of providing cost effective and innovative Depository services for investors looking to take advantage of not only the long-term stability of precious metals investments, but also offering ultra secure, flexible and personalized storage solutions.This new partnership with Bullion Analysis Corporation will allow First State Depository customers access to this groundbreaking technology by offering digital deep-scan verifications of clients bullion within the FSDC vault facility and/or before they take delivery of new shipments to FSDC.

Bullion Analysis produces a tamper-resistant holographic certificate for each bar of precious metal that is scanned, containing the results of its verification analysis and the bar’s serial number and hallmark. This holographic certificate can then trade with the bullion in the future, providing peace of mind for both the current owner and adding a level of trust for future sales of your precious metals. No Other Depository in the Country can offer its customers this level verification and security.

As with all services performed by First State and Bullion Analysis, privacy and customer service is key. Your assets are safe and secure with First State, and the technicians working for Bullion Analysis perform their work in a secure, guarded environment and report their findings directly to you, the client. Client confidentiality is assured.
httpv://www.youtube.com/watch?v=ZKczs-7BFRI

German TV Report [Feb 2010] on a Tungsten Filled Gold Bar Purchased from a European Bank.

First State Depository Company is a professionally managed, private depository company offering a full range of specialized certified coin and precious metals custody, shipping and accounting services to commercial, tax sheltered plans (IRA) and individual participants in the precious metals markets. Contact: www.fsdepository.com

Bullion Analysis Corporation is a professional technical services and engineering firm that performs consulting services using their exclusive deep-scan digital technology. Bullion bars and coins of virtually any size can be scanned from the surface all the way to their core, to determine if the precious metals product contains any fraudulent material, including tungsten, lead or any other base metal adulteration. This assures buyers and sellers that their investments are genuinely pure. Contact: www.BullionAnalysis.com

Categories : News

By Lisa Moren Bromma ( reprinted with Permission from Entrust Group)

It amazes me to see the number of people starting companies that state they are custodians or recordkeepers of self-directed IRAs or who develop associations for the IRA industry that are there to “oversee” and “protect the consumer.”

With the Bernie Madoffs of the world out there trying to take advantage of our last dollar, we all need to take extra caution when selecting the right administrator for our IRA. After all, it is our future!

When doing your due diligence, here are some things to ask in your quest to find the right recordkeeper.

1. How long has the company been in business? Watch out for the new pop-up companies on the Internet. Many are not legitimate and are not regulated. Do a background check on any potential provider.
2. Ask for one simple document: the current 5305. If they don’t give it to you, move on.
3. Does the company have a custodial bank? If so, who is it? Are your deposits FDIC insured? Who regulates the bank? If you do not get a clear answer, move on.
4. Is the company’s only service doing recordkeeping on a client’s behalf? If not, does the company do any of the following:

* Sell securities, potentially profiting from your transaction
* Offer other services, such as forming LLCs or other legal structures and charge thousands of dollars for the service
* Recommend any investments, providers of investments, or any other party that could be perceived as giving advice

Make sure that the company is not using recordkeeping as a means to get you to purchase other services.

You owe it to yourself and your financial future to make sure that you are in the right hands.

Categories : News

Goldstar Trust Company, a major provider of Precious Metals IRAs, has just announced that they will raise the total costs for precious metals holdings January 1, 2010. Goldstar clients have 30 days to move their holdings to another provider like Entrust New Direction before the new fees go into effect. The annual Goldstar IRA fees may be more than 3 times higher than in 2009.

The majority of the cost increase is due to Goldstar’s unilateral selection of precious metals depository.. Goldstar does not allow the IRA holder to choose the depository, and when control is limited, the IRA holder may end up with higher fees. With an Entrust New Direction IRA, the IRA holder is free to find the best service provider arrangement and the best depository..

Take charge of your IRA and make your own choice. If you want control of your IRA’s assets, act now. Move to a New Direction IRA by the end of 2009 and regain control of your retirement plan. You decide on the depository, as well as whether your metals are segregated or stored with those belonging to other IRAs. Contact us for details and a special offer for in-kind transfers of Precious Metals IRAs. In light of the short time line Goldstar has given for imposing the new fee structure, (January 1 deadline), you must act now. Ask us about our easy transfer program or visit our website at gold.newdirectionira.com.

There are vast differences between depositories. Some are older and use traditional tracking methods, while others have developed electronic tracking and sorting systems. Each depository has its own particular characteristics regarding accessibility, insurance levels and requirements. Some have layers of confusing annual fees and, as with many industries, customer service runs the gamut from poor to excellent. Costs for each company vary, sometimes matching the level of service provided, sometimes not. As always with your Entrust New Direction Precious Metals IRA — The choice is yours.

An Entrust New Direction IRA allows storage of IRA-held gold and other metals at the depository of your choice. Investors familiar with self-direction know that truly self-directed IRAs afford them the power to make all the choices concerning their IRA investments. If your IRA provider doesn’t allow you to make key choices like the depository, it is time to move to a truly self-directed plan. It is time for an Entrust New Direction Precious Metals IRA.

About Entrust New Direction IRA, Inc.: Entrust New Direction (http://newdirectionira.com/), part of the Entrust Group, is a self-directed retirement plan services firm, providing self-directed plans since 1981 and educating the general public about self-directing funds into non-traditional investments such as real estate, gold, private placements, LLCs and others. Entrust New Direction IRA offers both tax-deferred and tax-free self-directed plans to help clients achieve their investment goals. Besides retirement plans, the company also offers self-directed plans to save for children’s education, health savings and more. The firm has also made client education a top priority through classes, articles, and presentations.

Categories : News

Leading self-directed retirement plan services firm, Entrust New Direction is offering clients a chance to turn their funds to gold. The company has announced the launch of its newest product – the Golden Health Savings Account, which will allow the firm’s clients to invest their tax-deferred healthcare funds in gold.

An HSA, or a Health Savings Account, is a health plan that is quickly growing in popularity. It is a tax-sheltered plan that allows users to save funds for current and future healthcare expenses. An HSA offers flexibility, tax savings and allows investment options for the accumulating funds.

Most plans offered by banks are limited to invest- ments in bank-issued assets like CDs, with mini- mal returns. Investors have therefore expressed an interest in gold and precious metal investing and Entrust New Direction has responded with its new Golden Health Savings Account. Special- ly designed for ease of access, the New Direction Golden HSA opens the door to gold and other precious metals investments.

“Most Americans who own an HSA face a di- lemma about investing their funds in an account that will grow and low-returns investment op- tions offered by the banks are no longer enough. In a down economy, clients want to direct their funds into an investment option they can make the most of, and investing in metals can help them get the returns they are interested in”, says Catherine Wynne, President of Entrust New Direction IRA Inc. (http://newdirectionira.com/).

Longer term investments in an HSA were origi- nally popular only for those who delayed health- care-related withdrawals so they could maximize tax-free growth of the account. However, more HSA owners are discovering that their HSA is still full of cash after paying healthcare expenses and have expressed an interest in plans allowing gold investments. Clients believe investing in gold and other precious metals is a smart option as precious metals are relatively liquid compared to other hard assets and are available in small increments.

Most importantly however, precious metals offer a potential hedge against inflation which is an important concern for most consumers. The Golden HSA offers clients the ability to establish an automatic purchase plan with pre- cious metals dealers of their choice. For investors interested in hands-off investment, the Auto- matic Golden HSA Saver plan allows monthly, quarterly or annual automatic purchases of one type of coin or metal product, for a reduced transaction fee.

Golden HSAs are not limited to gold and precious metals. Different fees apply for non- precious metals assets. Entrust New Direction does not provide investment advice nor sell any investments, including precious metals. The plan owner makes all investment decisions for the Golden HSA. All earnings are tax-free and can be used for any qualified medical expenses like doc- tor visits, laser eye surgery, medicine and many more health related expenses. Non-qualifying distributions are subject to tax and potential penalties. Gold and other metals must be stored at a depository.

“Unlike any other health plans, HSA deposits are tax-deductible and all the earnings are tax-free when used for qualified medical expenses. Some clients use the HSA money to immediately pay for medical expenses, but many account holders allow the funds to grow so they can pay for any future medical expenses which occur, including during retirement,”concludes Wynne.

About Entrust New Direction IRA, Inc.: Entrust New Direc- tion (http://newdirectionira.com/), part of the Entrust Group, is a self-directed retirement plan services firm, providing self-directed plans since 1981 and educating the general public about self-directing funds into non- traditional investments such as real estate, gold, private placements, LLCs and others. Entrust New Direction IRA offers both tax-deferred and tax-free self-directed plans to help clients achieve their investment goals. Besides retirement plans, the company also offers self-directed plans to save for children’s education, health savings and more. The firm has also made client education a top priority through classes, articles, and presentations

EnTrust New Directions IRA
1300 Plaza Court North, Suite 103
Lafayette, CO 80026
1-877-742-1270
www.NewDirectionIRA.com

Categories : News

First State Depository Company, LLC, a private coin and precious metals depository company, announced that it has developed a relationship with Entrust New Direction IRA, a self-directed IRA administrator, to provide depository services for clients interested in holding gold and other precious metals in their self-directed IRA and other tax-sheltered plans.

First State and its owners have a long history of providing Secure Depository services for investors looking to take advantage of the long-term stability of precious metals investments. Entrust New Direction IRA, part of The Entrust Group, one of the nation’s largest self-directed IRA providers, administers a variety of IRA, 401(k) and HSA accounts, which can purchase precious metal investments.

Both First State and New Direction stress quick processing and reporting of both purchases and delivery. Speed in processing transactions and fast payment for completed orders is one reason metals dealers have enjoyed working with both New Direction and First State. First State’s standard procedures include sending confirmations of all metals received by 3:00 PM on the same day.

New Direction promises that orders will be funded within 48 hours of receipt of the delivery confirmation for outstanding orders. New Direction’s policies also limit the ability of an IRA to make a purchase until it has the funds available to spend, thus ensuring that the IRA will always be able to pay for its purchase.

With First State and New Direction, customer service is key. Both organizations are aware of the vital importance of accurate and timely transactions and reporting. “Speed and accuracy are the name of the game”, said Bill Humphrey, one of the principals of New Direction. “We keep our clients happy when they purchase precious metals so they’ll stay with us for all their future investments.”

First State and New Direction are aware that many financial and logistical issues can occur for both metal dealers and purchasers with any delay. New Direction has a history of processing transactions quickly and correctly.

Both companies value educating their clients. First State and New Direction have educational programs for providing investors an overview of the process and details about self-directing retirement and other funds into precious metals investments.

First State Depository Company is a professionally managed, private depository company offering a full range of specialized certified coin and precious metals custody, shipping and accounting services to commercial, tax sheltered plans (IRA) and individual participants in the precious metals markets. Contact: www.fsdepository.com

New Direction IRA provides administration and record-keeping for self-directed IRAs through its custodial bank. New Direction also provides self-directed plan options for Roth IRAs, SEP-IRAs, Health Savings Accounts (HSAs), 401k and other qualified and non-qualified plans. Contact: www.newdirectionira.com

Categories : News