New card means retirees can keep more of their retirement savings for the things that matter most.
November 26, 2013 – The Entrust Group unveiled its Distribution Card for retirees, the second card in their line of The Entrust Group myDirection Visa® Prepaid Card products. The Entrust Group myDirection Distribution Card allows retirees, those ages 70.5 and older, to take required minimum distributions from their self-directed IRA without fees or hassle. With a simple swipe of the card, retirees can use their retirement funds whenever they choose, and wherever Visa® debit cards are accepted.
The Entrust Group myDirection Distribution Card aims to make the process of taking distributions more convenient for retired individuals. Typically, the process of taking a distribution from a self-directed IRA includes requesting funds, waiting for a check to be issued, and then depositing the distribution into a spending account. It also comes with a fee. The Entrust Group myDirection Distribution Card eliminates these steps and fees, and helps create a more relaxing and hassle-free retirement. Distributions are set up to automatically transfer retirement funds onto the prepaid card, so retirees have access to their money immediately.
Additional benefits include:
- Convenient, 24/7 access to an online portal to manage the account
- Convenient, 24/7 client support
- No paperwork
- No set-up fee
- No monthly fee
“The Entrust Group is consistently looking for innovative ways to help make retirement attainable and enjoyable for self-directed IRA owners. Our new Distribution Card allows retirees to maximize their retirement dollars by saving both time and money,” states Hubert Bromma, founder and CEO of The Entrust Group. “Retirement should open the doors to freedom, friends, family, and relaxation, not fees and paperwork. We are happy to provide our clients with a product that will give them the peace of mind necessary to take full advantage of this phase in their lives.”
For more details about The Entrust Group myDirection Distribution Card and the entire line of products, visit www.theentrustgroup.com/product/mydirection.