"It's an honor to lead RITA during this exciting time of industry growth," said Desich. "Currently there are more than $4 trillion held in retirement plans across the country and the portion of those retirement plans that are self-directed continues to increase. RITA is crucial to the advancement of our industry and to the benefit of self-directed investors everywhere."
"Large numbers of investors, even many CPAs and attorneys, are unaware of the potential for IRAs to hold real estate, tax liens and other non-traditional assets," said Desich.
In addition to his position at Equity Trust, Desich is a nationally recognized speaker and authority on non-traditional investing in self-directed IRAs (http://www.trustetc.com/new/self-directed-ira/) and qualified plans.
"Because of my past experience and my current involvement within the self-directed investing community, I realize the importance RITA has in supporting, promoting, and educating Americans on the benefits of self-directed retirement plans," said Desich.
RITA is a nonprofit organization and has served the trust community since 1987. The association sponsors conferences for its members and other organizations interested in self-directed retirement and long-term savings issues, including trust companies, banks, savings and loans, credit unions, brokerage firms, investment sponsors and service providers.
About Equity Trust Company
Equity Trust Company is a passive custodian, allowing investors to use their knowledge to invest tax-free or tax-deferred with their IRA or 401k in assets they know and understand. Since 1974 Equity Trust and its affiliates have become recognized leaders in providing custodial services for self-directed IRAs and small business retirement plans. Please visit our Web site at www.trustetc.com.
Equity Trust Companys Richard A. Desich Named President of Retirement Industry Trust Association RITA