Green Retirement Investing with a Self-Directed IRA
Retirement investors who want to invest responsibly are no longer limited to specialized mutual funds. Anyone can now invest in a private company which shares their passion, whatever that may be, with a self-directed IRA from Entrust New Direction, IRA.
Lafayette, CO (PRWEB) April 17, 2008
Retirement investors who want to invest responsibly are no longer limited to specialized mutual funds. Anyone can now invest in a private company which shares their passion, whatever that may be.
David Williard, like all retirement investors, wants diversity in his retirement fund and long term growth on his investments. He would prefer to minimize the impact on the environment, while making money. In Williard's case, he has diversified his self-directed IRA by investing in a commodity that is about as green as they come -- trees.
Catherine Wynne, president of Entrust New Direction, IRA, explains that with the self-directed IRA, "Our clients who want the freedom to invest in private companies and real estate can transfer old 401(k)s and standard IRAs into a self-directed IRA with us."
Williard used his self-directed IRA to buy shares in a private company - The Bauers Family Tree Farm. The company bought a 260 acre cattle ranch in Costa Rica. The land, which had been clear-cut 50 years ago for cattle ranching, now has 45,000 teak trees on 140 acres. "120 acres is forest that will never be cut down," said Joe Bauers, one of the owners of the Bauers Family Tree Farm. "We see monkeys, ocelots, armadillos -- it's really a jungle."
Bauers and his investors are not planting teak trees as a charitable contribution -- they expect a healthy return. After year ten, and in five year increments thereafter, some of the trees will be cut down and sold to thin the forest. Williard believes the tree farm is "poised for long term growth."
Williard is part of a recent trend of investors who want to do good while doing well. A growing number of these people are using a self-directed IRA to invest in private companies of their choice.
Entrust New Direction has seen many clients grow their retirement fund while investing where their heart is.
Wynne said, "Our clients have used their IRAs to loan money to their church building fund, they've invested in companies who make energy efficient windows, and they can still invest in a green mutual fund, all within their self-directed IRA."
Entrust New Direction IRA, Inc is located at 1300 Plaza Court N, Suite 103 Lafayette, CO 80026. They can be reached at 303-546-7930 or newdirectionira. com.
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