Category Archives: Retirement Education

Not Kidding Around About Retirement

Baby boomers are risking their retirement plans by spending too much money on their adult children. As parents, everyone loves their kids and wants to help them any way they can but don’t sabotage retirement for Pete’s (or Petra’s) sake. According to the 2016 U.S. Bureau of Labor Statistics, youth unemployment (ages 16 to 24)…
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Retirement Savings with Your Future in Mind

Saving for a big ticket item like a car is relatively easy—you determine what kind of car you want, how much you want to spend and then you start saving. Saving for retirement is much more challenging. For instance, how long will you need the money? Since no one knows how long they will live,…
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Age is More than Just a Number

When it comes to planning for retirement, everyone should be aware of certain milestones because everyone starts and stops at different times in their lives. Your retirement age could differ from your friends, coworkers, or relatives, but what matters most is knowing the four milestone ages that are important to the growth of your retirement…
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What Would The Three Bears Say About YOUR Retirement Fund?

Are you saving too little, too much (is that even possible?) or just enough? The Bureau of Labor Statistics states that roughly half of United States workers participate in a workplace retirement savings plan.   However most of those participants do not calculate how much money they’ll need to fund their retirement,  let alone check to…
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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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