“We have stepped up our support of REIAs in 2012 because of the continuing strong level of inquiries at our office about making real estate investments through self-directed retirement plans,” said Raskulinecz.
Roseland, NJ (PRWEB) January 27, 2012
The ongoing uptick among investors making real estate investments through self-directed IRAs has the staff at Next Generation Trust Services very busy. The third-party administrator of self-directed retirement accounts, located in northern New Jersey, has joined and supports several real estate investment associations (REIAs) in order to educate investors and their advisors about these types of real estate transactions. Founder and CEO Jaime Raskulinecz says that although self-directed retirement accounts have been around since the inception of IRAs in the mid-1970s, this retirement savings strategy is still a mystery to many.
“We have stepped up our support of REIAs in 2012 because of the continuing strong level of inquiries at our office about making real estate investments through self-directed retirement plans,” said Raskulinecz. “The REIAs provide a great service to experienced and novice real estate investors through education, networking opportunities, and connecting them with mentors or access to valuable resources.”
Next Generation Trust Services provides account administration and transaction support for self-directed IRAs (traditional and Roth), SEP IRAs, SIMPLE IRAs, Health Savings Accounts, and Coverdell Education Savings Accounts. These accounts enjoy the same tax advantages as regular IRAs and the investment decisions are made strictly by the account holder.
Raskulinecz noted that the bulk of the transactions managed by Next Generation Trust Services are related to residential and commercial real estate; self-direction allows for a broad array of alternative investments including mortgages, unsecured loans, precious metals, commercial paper, and private placements.
Supporting and Educating Real Estate Investors
Real Estate Investment Associations provide networking, business-building, legislation leadership, and education. In general, these associations and investment clubs are chapters of the National Real Estate Investment Association and serve individual real estate investors and related businesses. Next Generation Trust Services has joined six REIAs in New York and New Jersey: Long Island Real Estate Investors Association, Real Estate Investors Association of New York (REIA NYC), Metropolitan REIA, New Jersey Real Estate Investors Club, Tri-State Mixer, and Mid-Hudson Valley Real Estate Investors Association. Most are members of the National REIA. The organizations’ meeting schedules are posted on the Next Generation Trust website, http://NextGenerationTrust.com, for those at which one of the firm’s representatives will attend.
On February 8, 2012 the company’s marketing assistant, Jared Lopez, will attend REIA NYC’s general meeting; the presentation topic will be “Do You Have the Right Kind of Entity Structure for Your Real Estate Deals?” Lopez will be available to answer questions attendees might have about self-direction as a retirement strategy, and to explain how to make real estate investments through an IRA. CEO Raskulinecz is scheduled to speak at the March 14 meeting on “Why Real Estate Investors & Professionals Need to Know about Self-Directed Retirement Plans.” REIA NYC meets at the New Yorker Hotel, 481 Eighth Avenue in Manhattan on the second Wednesday of each month.
“Real estate will always be a popular investment,” said Raskulinecz. “For those savvy investors who are already know and understand this type of investing, doing so through a self-directed IRA can be a more aggressive way to build an eclectic and more lucrative retirement portfolio,” she added. For more information about real estate investing through self-directed retirement accounts or any of the many other allowed alternative investments, contact Next Generation Trust Services at Info(at)NextGenerationTrust(dot)com or (888) 857-8058.
# # #