The Entrust Group Unveils New Distribution Card to Help Retirees Reduce Fees and Headaches

New card means retirees can keep more of their retirement savings for the things that matter most

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Nov 26, 2013, 06:00 ET

OAKLAND, Calif., Nov. 26, 2013 /PRNewswire/ -- 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
Ability to submit transaction details online, eliminating 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.

About The Entrust Group
For 30 years, The Entrust Group has provided account administration services for self-directed retirement plans and has been an acknowledged authority in the field. Entrust facilitates the investment of alternative assets that are typically unavailable through a brokerage firm in self-directed retirement plans. Entrust's team of professionals are regularly examined to ensure compliance with current state and federal banking requirements, and keep up to date by participating in ongoing educational programs to ensure that the most accurate information is shared with clients. For more information on The Entrust Group, visit www.theentrustgroup.com.

SOURCE The Entrust Group