Individuals Making IRA Contributions Before Tax Deadline Can Still Open a Self-Directed Retirement Account

Share Article

Next Generation Trust Services offers tips for investors, CPAs, Financial Planners about alternative investments allowed through self-direction. As the April 17 deadline for filing tax returns approaches and investors make their last contributions for 2011, Next Generation Trust Services, LLC, a third-party administrator of self-directed retirement accounts, reminds investors and their advisers about the many options available through self-direction.

Jaime Raskulinecz, CEO, Next Generation Trust Services

Jaime Raskulinecz

We recommend that our clients speak to their CPAs or financial planners about their retirement plans and IRA funding, so these financial professionals are wise to learn as much as they can about self-directed IRAs.

As the April 17 deadline for filing tax returns approaches and investors make their last contributions for 2011, Next Generation Trust Services, LLC, a third-party administrator of self-directed retirement accounts, reminds investors and their advisers about the many options available through self-direction. Although this retirement wealth-building strategy has been available since the inception of IRAs in the 1970s, self-direction is a growing trend among savvy investors who wish to build their retirement portfolios with nontraditional investments.

“There is still time before April 17 to roll over existing retirement assets into a new self-directed IRA or contribute funds to a new account,” said Jaime Raskulinecz, founder and CEO of Next Generation Trust Services. “We recommend that our clients speak to their CPAs or financial planners about their retirement plans and IRA funding, so these financial professionals are wise to learn as much as they can about self-directed IRAs, should questions arise during tax or retirement planning.” In advance of tax season, Raskulinecz presented a CPE-credit course in December about self-directed IRAs to the Mercer Chapter of the New Jersey Society of CPAs.

Self-directed retirement accounts, in which the account holders make all their own investment decisions, allow for a more diverse array of investments to build retirement wealth. These include real estate, precious metals, commercial paper, private placements, mortgages, unsecured loans, and partnerships. Individuals may already be investing in these instruments outside of their regular IRA but not be aware they can include them in their retirement portfolios.

Next Generation Trust Services provides comprehensive account administration and transaction support for self-directed IRAs for individuals (traditional and Roth) and employers (SEP IRA, SIMPLE IRA), plus HSAs and Coverdell ESAs; these self-directed accounts all enjoy the same tax advantages as typical retirement accounts. The firm offers free educational seminars throughout the year for individuals and their financial advisers on the many options and benefits of self-direction.

“Self-directed account holders are likely to have questions about which nontraditional investments are permitted by the IRS or the tax consequences of rolling over a 401(k) into a self-directed IRA. Accountants and financial planners need to have answers to those questions and understand the restrictions involved so they can properly guide their clients,” noted Raskulinecz, who added that some CPAs and financial advisers might want to manage their own retirement accounts through self-direction.

For more information about self-directed IRAs or upcoming seminars for financial professionals, contact Next Generation Trust Services at (888) 857-8058 or Info(at)NextGenerationTrust(dot)com.

About Next Generation Trust Services

Next Generation Trust Services (NGTS), headquartered in Roseland, New Jersey, is a professional third-party administrator of self-directed retirement plans. NGTS provides education, administrative support, and account maintenance to individuals interested in self-directing their retirement portfolios with a wide variety of investments that are not typically found in an IRA, such as real estate, precious metals, notes and mortgages, private placements, accounts receivables, limited partnerships, hedge funds, and much more. Next Generation Trust Services serves clients nationwide via its website, http://www.NextGenerationTrust.com. For more information on self-directing a retirement plan, call 973-533-1880, 888-857-8058 or e-mail Info(at)NextGenerationTrust(dot)com.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jaime Raskulinecz
Visit website