Spring has sprung!
Nobody can go back and start a new beginning, but anyone can start today and make a new ending.
Spring is the time for growth. Growth is important, especially when it comes to your financial future. Are you taking advantage of all the ways to grow your retirement wealth?
New York City Real Estate Expo – 1 Week Away!!
Wednesday, April 18th, 2018: 7:30am-5:00pm EST
This year’s NYC Real Estate Expo takes place at the New York Hilton (Midtown). Brittany Pickell will be presenting a brief workshop titled “How to Boost Retirement Wealth through Tax-Advantaged Real Estate Investments.”
Use Promo Code NEXTGEN when you register and save 10%
Monday, May 14th, 2018 at Bally’s Las Vegas
Next Generation is excited to attend as sponsor of the WOW networking break. We will offer an introduction and brief presentation along with educational information and goodies to take home. We look forward to meeting the hundreds of women investors and other speakers!
In Case You Missed It…
Our CEO, Jaime Raskulinecz, recently published an article entitled “Is An SDIRA Right For You? Five Things You Should Know.” If you’re a beginner and on the fence about whether to open an account, start here. You can also follow her on Forbes to get updates as we continue to publish more content.
Did you catch these blog posts?
- The Gig Economy and Retirement – Are You Saving for Your Post-freelance Life?
- Stock Market’s Got You Down? Consider Alternative Assets as a Retirement Plan Pick-Me-Up
- Including Private Placements in Your Self-Directed Retiremnt Plan? Check out our Asset Kits
- Accounts Receivable Financing as Self-directed Investments
SDIRA Tip of the Month
The Consequences of a Prohibited Transaction
- If an IRA owner engages his or her IRA into a prohibited transaction, then the consequence is a disqualification of the IRA and distribution of the entire account.
- The IRA owner is subject to all consequences of distribution, including possible taxes and penalties.
- If an IRA engages into a prohibited transaction independent of the IRA owner (e.g. broker or advisor engages the IRA), then the consequence is an excise tax of 15% on the amount involved to the disqualified person in the transaction and a potential additional 100% penalty if the prohibited transaction is not corrected.
(Source: “The Self Directed IRA Handbook” – Mat Sorenson, Attorney at Law)