Karen Jung, CPA is Promoted to Director of Finance of Next Generation Services
Published on February 21, 2020
Expanded Role Includes Overseeing all Financial and Benefits Activities, Planning and Reporting for Administrator of Self-Directed Retirement Plans, and Financial Oversight for Next Generation Trust Company
ROSELAND, NJ, February 21, 2020 /24-7PressRelease/ — Jaime Raskulinecz, founder and CEO of Next Generation Services in Roseland, N.J., has announced the promotion of Karen Jung, CPA, to director of finance. Jung, a resident of Verona, joined Next Generation in 2016 as controller of the company, which is a third-party administrator for self-directed retirement plans.
In her expanded role, Jung now oversees all financial planning and reporting; manages pension, benefits and insurance administration; handles payroll, cash management and tax reporting; assists with annual audits; processes human resources matters; and works closely with Raskulinecz on forecasting, financial projections and budgets. She is also involved in transaction review for clients’ self-directed investments as part of the firm’s transaction support process.
“Karen has been such a valuable asset to Next Generation during the past four years, and her experience in corporate finance has helped our company expand our client services with ease, including the formation of our trust company,” said Raskulinecz.
Jung is also responsible for overseeing all financial activities for the firm’s sister company, Next Generation Trust Company, of which she is treasurer of the board of directors; she is also on the company’s trust committee. She played an integral role in 2017 in forming the trust company, the licensed and chartered South Dakota entity that serves as custodian for all Next Generation accounts.
Prior to joining Next Generation, Jung was the director of finance for a nursing home, with full P&L accountability and responsibilities for medical insurance billing, accounts receivable and accounts payable. She was recognized for process improvements and expense management there. She also has experience as an accounting manager, treasurer, and financial and operations principal for a trust company and pension services firm.
“My work at Next Generation has broadened my professional development as well as my knowledge base within the self-directed retirement field, which have both been very satisfying,” said Jung. “I am honored by this promotion and vote of confidence in my contributions to the firm.”
About Next Generation
Founded on the philosophy that every person should have control over their own retirement plans, Next Generation Trust Company educates consumers and professionals about self-directed retirement plans and nontraditional investments, a strategy at one time reserved only for the very wealthy.
Self-directed retirement plans allow for a broad array of alternative assets to be included in them, with the same tax advantages as typical retirement plans offered by banks and brokerage houses. Among those assets are real estate, private equity, unsecured and secured loans, precious metals and more. As self-directed investors, account owners make all their own investment decisions and conduct their due diligence on the nontraditional investments they wish to include, in order to build a more diverse retirement portfolio.
Next Generation Trust Company, a custodian of self-directed retirement plans, is a trust company chartered in South Dakota. Its sister firm, Next Generation Services provides comprehensive account administration and transaction support with Next Generation Trust Company acting as custodian for all accounts. The neutral third-party professionals at Next Generation expertly guide clients and their trusted advisors as part of their white glove, personalized service for a seamless transaction experience from start to finish. For more information on self-directing a retirement plan, visit www.NextGenerationTrust.com. Alternatively, you can reach Next Generation directly via phone at 888.857.8058 or via e-mail at NewAccounts@NextGenerationTrust.com.
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