Guidant Financial Soars to The Aid of American Airlines Pilots
Financing leader rolling retirement funds into self-directed IRAs to protect
pilot pensions with special deal
BELLEVUE, Wash., March 19, 2013
BELLEVUE, Wash., March 19, 2013 /PRNewswire/ --In light of recent news about
American Airlines pilots being forced to move their 'B-fund' retirement monies
due to the airline bankruptcy, many are turning to Guidant Financial to save
their retirement investments. Several pilots have already reached out to
Guidant to roll over their retirement funds into a self-directed IRA, which
allows individuals to purchase alternative investments inside their retirement
plan without a tax penalty. The self-directed IRA option is the most flexible
option available to approximately 9,000 pilots faced with a looming deadline
to move their retirement savings as the airline reorganizes in the face of
bankruptcy. Guidant is offering a special deal to American Airlines pilots due
to the time constraint, including expediting rollovers and waiving the first
month of administrative fees.
A custodial self-directed IRA allows individuals to purchase alternative
investments such as real estate, tax liens, private loans, mortgages and more,
without any set-up fees. It provides the control necessary for accessing
time-sensitive investments. With this alternative investment option,
conscientious contributors to IRAs and long-term employees with healthy
company 401(k)s can access their hard-earned money to make it work for them
without distribution penalties, before the official retirement age.
"Many of us panicked when we were notified of the injunction," said Stephen
Grace, American Airlines pilot of 27 years. "But, when I learned about the
option of a self-directed IRA to save my hard-earned retirement funds, it was
clear that it was the most prudent of my options. Guidant was well versed and
explained the process the best out of all the companies I explored. And,
Guidant has been incredibly helpful in getting the process underway quickly
for all of us so we can complete our transactions in time."
The American Airlines B-fund allows pilots three main options. The first is a
lump sum distribution, which could eat up a lot of the money by way of fees
and penalties. The second is a 401(k) rollover that allows individuals to
borrow against it (only if they can pay it back in a reasonable amount of
time), but only provides a limited number of investments and requires
administrative and recordkeeping maintenance. And, third is an IRA, which
provides a greater selection of investment options (real estate, tax liens,
etc.) and allows individuals to hire a financial advisor. Guidant Financial's
custodial self-directed IRA does not require a set-up fee and can be
established well in advance of the pilots' looming deadline.
"Pilots are used to being in control, and their retirement funds should be no
different," said David Nilssen, CEO of Guidant Financial. "We are currently
working around the clock to assist American Airlines pilots in protecting
their retirement funds and are pleased to offer them a special deal. Our
self-directed IRA is the fastest and smartest way to preserve their funds
For more information on how to get started with a self-directed IRA, call
888-472-4455 or visit http://idirect.guidantfinancial.com/AA-PlanB.php.
About Guidant Financial
Guidant Financial helps people create the life they want through innovative
alternative investing. They are the premier provider of rollovers for business
start-ups (ROBS). Guidant's services allow people from all walks of life the
freedom to make time-sensitive investments using their existing IRA funds
without taking a taxable distribution or getting a loan, in addition to
offering traditional funding options such as SBA loans and unsecured credit.
For more information on Self-directed IRA investing, visit twitter.com/guidant
or facebook.com/guidantfinancial. To access the special offer for American
Airlines pilots, visit http://idirect.guidantfinancial.com/AA-PlanB.php.
SOURCE Guidant Financial
Contact: Brooks Wallace, Hollywood Public Relations, +1-781-378-0184,
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