Key Takeaways:
– The National Association of Realtors (NAR) has chosen IRAR Trust Company as its preferred provider for self-directed retirement plans.
– IRAR will offer self-directed individual retirement accounts (IRAs) and solo 401(k) accounts to NAR members, their families, and association staff.
– The partnership with IRAR reflects NAR’s commitment to providing value and resources for its members’ financial well-being.
– NAR members will receive discounted annual fees of $299 for self-directed IRAs and $799 for solo 401(k) accounts.
– The plan includes access to exclusive pricing, educational materials, and other benefits and resources.
– In October 2020, NAR partnered with Morgan Stanley to give members access to investment guidance and financial wellness resources.
HousingWire:
The National Association of Realtors (NAR) just made IRAR Trust Company (IRAR) its preferred provider for self-directed retirement plans, the trade organization announced on Tuesday.
IRAR will provide “self-directed individual retirement accounts (IRAs) and solo 401(k) accounts to NAR members, their families, and association staff at the national, state and local levels,” according to a NAR press release.
“Partnering with IRAR Trust Company underscores NAR’s dedication to delivering value to our members, offering them tools and resources needed for their financial wellbeing,” Rhonny Barragan, NAR’s vice president of strategic alliances, said in the release.
He added, “This collaboration not only amplifies the choices available to our members for retirement planning but also aligns seamlessly with their professional expertise and goals.”
NAR members will pay an annual flat fee of $299 for self-directed IRAs and $799 for solo 401(k) accounts, a discount negotiated exclusively on their behalf. The plan will also give users access to a multitude of benefits and resources such as exclusive pricing and educational materials.
In October 2020, NAR offered its members access to investment guidance and financial wellness resources through a partnership with Morgan Stanley.
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Property Chomp’s Take:
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So, the NAR has chosen IRAR Trust Company (IRAR) as its preferred provider for self-directed retirement plans. This means that NAR members, their families, and association staff at various levels can now access self-directed individual retirement accounts (IRAs) and solo 401(k) accounts through IRAR.
In a press release, Rhonny Barragan, NAR’s vice president of strategic alliances, highlighted the value this partnership brings to NAR members. He emphasized that NAR is committed to delivering tools and resources for its members’ financial well-being. This collaboration not only expands the retirement planning options available to members but also aligns seamlessly with their professional expertise and goals.
Now, let’s dive into the details of the plan. NAR members will be charged an annual flat fee of $299 for self-directed IRAs and $799 for solo 401(k) accounts. These fees have been negotiated exclusively for NAR members, offering them a discount. Additionally, members will have access to a wide range of benefits and resources, including exclusive pricing and educational materials.
This isn’t the first time NAR has partnered with a financial services provider to offer its members valuable resources. In October 2020, NAR joined forces with Morgan Stanley to provide investment guidance and financial wellness resources to its members.
Overall, this collaboration between NAR and IRAR Trust Company is a significant step towards enhancing the financial well-being of NAR members. By offering self-directed retirement plans at discounted rates and providing access to valuable resources, NAR continues to demonstrate its dedication to delivering value to its members.
So, if you’re an NAR member looking to plan for your retirement, this partnership with IRAR Trust Company might be worth exploring. Take advantage of the exclusive pricing and educational materials to secure your financial future.
