All things seem possible in May
As the saying goes “All things seem possible in May”, and at Next Generation we couldn’t agree more. With all we have to offer this month, the possibilities for maximizing your retirement plans are endless!
- And be sure to read
Increased IRS Scrutiny? We Can Handle it!
You can always count on the professionals at Next Generation to answer any questions you may have. Enjoy the weather, and enjoy the month!
Ernst & Young Entrepreneur of the Year Finalist – Jaime Raskulinecz!
Press:2017 – Jaime Raskulinecz, CEO of Next Generation Trust Services The spirit of entrepreneurship is alive and kicking in New Jersey — and we couldn’t be happier to be a part of all the action! Our very own Jaime Raskulinecz, CEO of Next Generation Trust Services was recently announced as a finalist in the Entrepreneur Of The Year 2017 New Jersey Awards program.
As the world’s most prestigious business award for entrepreneurs, Entrepreneur Of The Year has been at the forefront of identifying game changing business leaders for more than 31 years. The program has honored the inspirational leadership of such entrepreneurs as Howard Schultz of Starbucks Coffee Company, John Mackey of Whole Foods Market Inc., Pierre Omidyar of eBay, Inc., Reid Hoffman and Jeff Weiner of LinkedIn Corporation and Mindy Grossman of HSN, Inc.
We’re honored to have Jaime Raskulinecz recognized among so many other notable business luminaries in New Jersey. Click on the link below to learn more about the Entrepreneur Of The Year New Jersey program and follow our journey to the awards!
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/proper values will not be reported. Increased IRS Scrutiny? READ MORE
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, we will be requiring more documentation for transactions.
In order to ensure that each client receives top notch service, we have a two to five
business day review period for all transactions. Our review period reflects the amount of transactions in our queue as well as the complexity of your investment. By taking this time to review your investments thoroughly we ensure that it is administratively feasible to hold your asset.
We also like to ensure that investments are set up for success. Moving forward the following transaction types have increased requirements:
Investing in an IRA LLC will require an ERISA attorney to set up the operating agreement. It may also become required that an ERISA attorney or a CPA review all of the transactions that occur within the LLC. The increased review of single member LLCs is to help retain the tax advantaged status of your account.
Lending funds from your IRA in the form of an Unsecured Promissory Note will require a loan application from the borrower to submit to the lender (your IRA). A copy of the loan application will remain on file.
We take great pride in our customer service, and want to ensure our clients receive the best possible care. Our entire staff is cross trained so that if one associate is unavailable, another can assist you without delay. We have also added new email addresses so you can email your inquiries to us. Rest assured that you will be answered within 24 hours.
For transaction related questions or documents, please email Transactions@NextGenerationTrust.com
For questions about assets or Fair Market Values, please email Assets@NextGenerationTrust.com
For questions about accounts and online access, please email Accounts@NextGenerationTrust.com
For questions about billing, please email Billing@NextGenerationTrust.com
For general inquiries, please email Info@NextGenerationTrust.com