Category Archives: Retirement Education

Increased IRS Scrutiny? We Can Handle It!

At Next Generation Trust Services, we want to protect the tax-advantaged status of your account. IRAs holding non-traditional assets are being placed under increased scrutiny by the IRS because of the higher likelihood that a prohibited transaction will take place and/or proper vales will not be reported. Because of the increased scrutiny from the IRS,…
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The GAO Report and Self-Directed IRAs

GAO Report The Government Accountability Office (GAO) recently released a publication on January 9th titled Improved Guidance Could Help Account Owners Understand the Risks of Investing in Unconventional Assets. IRAs have become an integral part of retirement savings for many, and more people are beginning to branch out from more traditional assets in favor of…
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Planning to work during retirement? Better plan ahead first.

There are good reasons to work during one’s retirement years—staying active and engaged is always healthy and for some people, it’s a great time to explore new interests, and people can use their past professional experience to create new consultancies and other jobs for themselves in later years. According to a Bankrate.com report, 70 percent…
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Beware a Lack of Consumer Protections: Self-Direct Your Retirement Instead!

An article on November 19, 2016 in the New York Times spells out a troubling issue regarding brokerages and banks—more specifically, the issue of stock brokers doing business in spite of black marks on their disciplinary records. According to the article, there is a sizable percentage of these people handling clients’ retirement accounts and other…
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Can You Still Really Bank on Your 401(k) Plan?

According to a recent report from investment advisory firm Research Affiliates, not so much. The report states that even making a 5 percent return on traditional investments in a 401(k) plan is not likely to happen over a 10-year horizon. Research Affiliates looked at the default settings of 11 retirement calculators, robo-advisers, and surveys of institutional investors…
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Social Security Raises? Not so Much

As reported in a story on cbsnews.com, many people are bound to be disappointed by the cost of living adjustment (COLA) on next year’s Social Security benefits. It is said that Social Security recipients and federal retirees numbering in the millions will only get a 0.3 percent increase in monthly benefits in 2017. That marks…
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All the Single Ladies … Should Prepare for their Retirement

Hint: a self-directed retirement plan can be a great way to do so. Regardless of all the societal advances we’ve seen in our country over the past few decades—the rise of the single working woman, same-sex marriages—it still remains an issue: many women will be single in their retirement years. Regardless of marital status in…
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National Save for Retirement Week is Here!

At Next Generation Trust Services, every day is “Save for Retirement” day, but the third week of October has been declared “National Save for Retirement Week” by Congress. This is a good time to start reflecting on your saving habits. Are you saving enough for retirement? Will you be financially stable when the time comes…
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