The spirit of entrepreneurship is alive and kicking…

…and we couldn’t be happier to be a part of all the action! Jaime Raskulinecz, CEO/founder of Next Generation, was recently announced as a finalist in the Entrepreneur Of The Year 2018 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 32 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 recognized among so many other notable business luminaries in New Jersey. Learn more about the Entrepreneur Of The Year New Jersey program and follow our journey to the awards!

Upcoming Events

Money Show’s Women on Wealth (WOW) Event

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!

Exclusive Webinar: Successful Property Management

Brittany Pickell, Director of Marketing at Next Generation and Josh Gilmore, Vice-President at SDIRA Wealth will be hosting an exclusive webinar on May 31th. During this webinar, Brittany and Josh will discuss how you can purchase rental real estate in an IRA and how to successfully find and oversee a property manager responsible for maintaining and leasing the property. Topics of discussion will include due diligence, follow-up, what to look out for, and best practices for management companies.

SDIRA Tip of the Month

New Customer Hub for Existing Clients

Find everything you need to manage your account here!

SDIRA Tip of the Month

Self Directed IRA Investment Issues

IRA investments must be made at fair market value at the time of the investment. Special consideration or unfair terms for the IRA will violate the exclusive-benefit rule.

The prohibited transaction rules cannot be avoided by using a “straw person” in the middle of a transaction between a disqualified person and an IRA. These arrangements violate the step transaction doctrine.

If the plan asset rule applies to a company then the company is subject to the prohibited transaction fiduciary standards as if it were the IRA transacting with others.

Investment structures whereby an IRA invests into a company and the company is then required to transact with a disqualified person, will violate the DOL’s Interpretive Bulletin and will likely result in a prohibited transaction.

(Source: “The Self Directed IRA Handbook” – Mat Sorenson, Attorney at Law)