Triple Tax Advantage in HSAs
Growing Interest in HSAs Their Triple Tax Advantage Makes Them Attractive Investments for Retirement As we wrote in a prior post, health savings accounts (HSAs) have been growing in popularity as a way to cover qualified medical expenses (for individuals...
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Should Millennials Pay off Student Loans First, Before They Save for Retirement?
With the right planning, millennials can pay off student loans and save for retirement through a self-directed retirement plan Even though many millennials feel pressured to pay those student loans first, this is not necessarily a chicken-or-egg question....
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A Look at Emerging Industries for Self-Directed Investments
Tech-related and social factors are making the emerging cannabis, data security, blockchain and electric vehicle industries attractive to self-directed investors.
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GE’s Fall off the Stock Market Cliff – a Lesson in the Value of Self-Direction
Over the past year, the value of General Electric Co.’s stock experienced a $140 billion drop. To give you an idea of the significance of this epic decline on the stock market, a Wall Street Journal article reported that this “was twice the amount that...
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Women and the Retirement Readiness Financial Gap
Merrill Lynch, in partnership with Age Wave, released a study in April that reported on the savings and earnings levels for men and women on the road to retirement. Strikingly, the study showed that women still have a lot of work to do to close the retirement savings...
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USING FUNDS FROM AN EXISTING IRA TO FUND YOUR SELF-DIRECTED RETIREMENT PLAN
Have an existing IRA? You can transfer funds from there to open and fund a new self-directed IRA at Next Generation. Here’s how: A common question we get from our clients is whether they can transfer funds from an existing IRA into a new self-directed IRA....
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Baby Boomers Beware – Retirement Approaches: Are You Financially Prepared?
According to a study by the Insured Retirement Institute in April (Boomer Expectations for Retirement 2018), 42 percent of baby boomers have nothing saved for retirement. Even the very youngest of this cohort, who are about a decade from retirement age, do...
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Time to Include Real Estate in Your Self-Directed IRA
An article last month on Reuters explored how rising interest rates are helping real estate-related stocks perform very well amid the broader U.S. equity market; the article stated that investors are putting money into real estate investment trusts (REITs), betting...
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Beware of Investment Fraud in Your Self-Directed IRA
Beware of Investment Fraud in Your Self-Directed IRA – and Being Defrauded of your Retirement Savings Ponzi schemes, identity fraud and other related problems can ruin investors A story broke in early April about two Texas men who targeted elderly...
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Gen Xers Worries About Retirement – a Self-Directed IRA Can Help
What Gen Xers Worry About for Their Retirement and How a Self-Directed IRA Can Help A survey conducted by the Insured Retirement Institute (IRI) among 802 Gen X Americans (ages 36-55) revealed that among those who have been doing retirement planning with...
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IRS Revises Contribution Limit for Health Savings Accounts
In an announcement on Thursday, April 26, 2018, the IRS announced a modification to the annual limitation on deductions to health savings accounts, for calendar year 2018. The HSA contribution limits have been increased – read more
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Have you heard about the Retirement Enhancement and Savings Act of 2018?
The Act Paves the Way for Multiple-Employer Pension Plans. It's no secret that Americans struggle to save enough for retirement, especially with employer pension plans vaporizing. Legislation from 2016 was recently reintroduced by Senate Finance Committee...
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Low Interest Rates are Leading to Different Decisions about Retirement and Lower Savings
You Can Combat Market Fluctuations with a Self-Directed Retirement Plan Persistent low interest rates appear to be having an effect on people’s decisions about retirement, according to a paper from the National Bureau of Economic Research. The paper looks at the ways...
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