Business Issues Blog

Summary: Financial Experts Predicting Rapid Dollar Devaluation in a Coming Burst of the “Dollar Bubble”

Denver, Colorado January 12, 2010 – Many news commentators are echoing the same resounding assurance: the recession is over. But not everyone sees it this way. Who’s right? Just look at the facts.

While Wall Street, thanks to the help of the Federal Reserve, rallied for a big end-of-the-year win, at least for top executives, they’re getting big bonuses while Main Street investors suffer. Rising unemployment figures, increased foreclosures and a loss of wealth continue to plague the average Joe.

Times Magazine named Chairman of the Federal Reserve Ben Bernanke, “Person of the Year” for 2009. The National Inflation Association, a grassroots group that warns people of the dangers of hyperinflation, named him “Villain of the Year.”

The Fed’s policies have made the value of the US dollar artificially high and before long the dollar bubble is bound to burst, leading to hyperinflation with prices of consumer goods rising sharply. According to Phoebe Chongchua of the Denver-based Nabers Group, the U.S. is already beginning to experience this kind of runaway inflation.

Nabers Group has issued a warning to U.S. consumers on its blog about the impending devaluation of the U.S. Dollar’s value in a period of hyperinflation.

“Hyperinflation can really be thought of as a silent tax, especially if artificially created by U.S. monetary policy. If the dollars you have today can purchase a fruit punch, a sandwich and a bag of chips but that same money in the future can only purchase the fruit punch, then your money has been devalued—you have lost purchasing power. Ultimately it’s the average middle class consumer who ends up getting the short end of the stick,” says Chongchua.

For most people, the major concern is how to preserve their dwindling wealth. CEO Jeff Nabers, encourages clients to diversify their portfolios using an exceptionally flexible investment vehicle known as the Solo 401k.

“The Solo 401k is designed specifically for a business owner who has no full-time employees. One of the most powerful benefits of the Solo 401k is the plan’s participant loan feature, which offers a tax-favorable alternative to withdrawing money from a retirement plan as a distribution,” says Nabers.

Preserving your wealth doesn’t have to be an uphill battle even as we head into rising inflation and the devaluing of the dollar if people act now to protect their wealth.

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About Nabers Group:

Jeff Nabers has been highly sought after for his financial expertise for several years by countless organizations, including Entrepreneur Magazine, the Los Angeles Times, and Pensco Trust to name a few. As the founding member of the IRA Association of America, he brings integrity back to the business of investing.

Nabers Group (www.Nabers.com) is available to consult with individuals regarding their savings plan, with answers about all aspects of Self Directed IRA and Solo 401k Planning. Those seeking more information on investing their retirement accounts in a Roth or Conventional IRA may contact Nabers Group at http://jeffnabers.com, where there is an abundance of information on investing and finances.

Media Contact:
Phoebe Chongchua, VP of Communications
Nabers Group
621 17th Street, #2100
Denver, CO 80293
Tel: (877) 903-2220

http://www.Nabers.com

A self directed IRA account frees you up from the usual limitations of a traditional IRA account; namely what you can invest in. You see, ordinary retirement accounts simply invest your funds in stocks, mutual funds, or bonds, and with the current economic scenario, this can be a very risky, if not a losing, proposition. Remember, it is your own future that is at stake when setting up a retirement fund, so you might want to have more say on how your retirement money is invested.

With a self directed retirement account, you set up your account with a self directed IRA custodian. With this type of custodian you are entitled to make your own choices as to where and how your funds will be invested. You can grow your IRA retirement account by investing in real estate (aka real estate IRA), businesses and many other types of investments.

Now, you may be wondering why you have not heard about a self directed IRA from your financial advisor. Well, some financial planners would recommend this type of IRA, but the problem is that the financial institution where your IRA is set up currently does not allow these types of investments. There is nothing wrong with this, except that your investment alternatives are very limited. Besides, some people are simply not cut out to invest on their own.

But, if you have experience in alternative investing or you have an entrepreneurial spirit within you, then a self directed IRA may be a good choice for you and the future of your retirement account. With this setup, you can substantially grow your retirement money without the interference of a traditional IRA custodian. Imagine the number of additional investment opportunities that you may be able to invest in if you work with an independent self directed IRA custodian. On top of the expanded investment options, the gains accrued to your IRA account receive the same tax advantages as you old traditional IRA.

However, it must be emphasized that not all types of assets can be allowed as investments for this retirement account. You cannot invest your IRA funds, although they maybe self directed, in collectibles, life insurance policies or with a disqualified party. If you do, your IRA could be disallowed and you may face savvier penalties.

When setting up a self directed IRA, it is important to consult with a tax professional. If he is worth his salt, then he will know how to properly set up a self directed IRA and use it to grow your funds.  Looking for self directed IRA services, then check out www.SunwestTrust.com.

Is a Self Directed IRA for me? That’s a good question. Are you the type that likes looking for investments and doing your own research? If you answered yes, you should discuss the idea further with your tax accountant or attorney.

Self directed IRAs are not for everyone, but if you know what you want to invest in or have some special knowledge about a specific area of investment you might be able to get better returns than your local stock broker. When you’re ready to do your own investing contact Sunwest Trust, Inc. at www.SunwestTrust.com. Watch our self directed ira videos to learn more…

Summary: Self Directed IRA Custodian, Sunwest Trust, Inc., which is located in Albuquerque, New Mexico, defies economic odds by growing by 19% in 2008 despite the recessive economy. Sunwest Trust has diverse business interests and services self directed IRA and 401k clients nationwide.

Albuquerque, New Mexico, March 13, 2009 – Despite the grim economic climate and the receding value of the DOW, “Sunwest Trust continues to thrive and grow,” says Terry White, Chief Executive Officer for Sunwest Trust, Inc. In 2008, Sunwest Trust experienced their most profitable year in the company’s history and has grown by nearly 19% during the recession. White attributes much of their 2008 growth to the recent exodus from Wall Street, resulting from the daily fluctuations in the stock market. He adds, “Investors are pouring out of the stock market because they are fed up with the downward market free fall.” With the DOW down as much as 7000 points since last June, many IRA and 401k accounts have seen negative growth and have fallen by as much as 50%. As IRA holders see their retirement accounts deteriorating, “they are eager to look for investment alternatives,” says White.

Indeed, Sunwest Trust is positioned to meet this need; Sunwest allows their clients to invest in anything that is not specifically prohibited by the IRS code. Basically, this includes anything other than life insurance and collectibles. Although Sunwest allows clients to invest alternatively, White adds, “We strongly encourage our clients to exercise thorough due diligence and speak with a tax professional before making any alternative investments.”

Dustin White, Business Development/ IRA Specialist, suggests, “Our reasonable fee structure and customer service have also had a hand in our success in 2008.” Sunwest Trust IRA account fees have remained unchanged over the past seven years, and according to Dustin, “we do not plan on raising our fees in the foreseeable future, especially in this economic climate.”

Sunwest continues to provide outstanding service by managing their growth one client at a time. “We strive to personalize our clients’ experience. For example, when you call Sunwest Trust, you’re not going to get an automated voice answering system; you’re going to talk to a real person,” adds Dustin.

“February 2009 was another record-breaking month for Sunwest, in terms of new accounts received. All indications point to another great year for the company. We grew 19 % last year, and I see no reason why we can’t top that again this year,” says White.

About Sunwest Trust:

Sunwest Trust is an independently owned private company that offers self directed IRA custodian and escrow services. The company offers a huge range of financial services providing post retirement benefits, private mortgages, real estate contacts and other related fields for its clients. FDIC insured banks back the self directed IRA funds of their clients. For more information on the activities of the company, please visit www.SunwestTrust.com. Also, you can learn more about Sunwest Trust by watching their self directed IRA videos on Youtube.

Contact Information:

Sunwest Trust, Inc.
Terry White
3240 D Juan Tabo NE
Albuquerque, NM 87176

Toll Free: 1-800-642-7167
Email: tlw@sunwesttrust.com
Web Address: www.SunwestTrust.com