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Administrator of self-directed retirement plans notes that real estate and real estate-related assets are still the most popular investments for self-directed IRAs, per Morgan Stanley Investor Poll. As reported recently on Hedgeweek.com, a Morgan Stanley Wealth Management Investor Pulse Poll revealed that real estate is the most popular alternative asset class among the majority of millionaire investors.
Roseland, NJ (PRWEB) February 12, 2014
As reported recently on Hedgeweek.com, a Morgan Stanley Wealth Management Investor Pulse Poll revealed that real estate is the most popular alternative asset class among the majority of millionaire investors. Of those polled, 77 percent say they own real estate while 35 percent say they own a real estate investment trust (REIT). Jaime Raskulinecz, CEO of Next Generation Trust Services, a third-party administrator of self-directed retirement plans, is not surprised. She notes that among her clients who self-direct their retirement portfolios, real estate and real estate-related assets are the most popular investments, with more than 50 percent of Next Generations client including real estate in their IRAs. However, she points out that these alternative investments are not strictly the domain of millionaires.
Whats great about real estate is that many individuals, not only the wealthy, are already investing in real estate outside of their existing retirement plans, said Raskulinecz. Anyone who already understands real estate investing can open a self-directed retirement plan and make these nontraditional investments within the IRA. Theyll enjoy all the tax advantages of an IRA while building retirement wealth through these alternative assets. In addition to founding Next Generation, Raskulinecz is a noted expert on real estate investing as well as investing in real estate within retirement plans.
With a self-directed IRA, the individual account holder makes all his or her own investment decisions and directs the types of investments made within the retirement plan. Self-directed real estate IRAs may include raw land, multi-family properties, vacation homes and rental properties, condos, farmland, rehabs, and warehouses. In addition to real estate, alternative assets may include precious metals, hedge funds, private placements, commodities, unsecured loans, and much more.
Raskulinecz said that the growth of self-directed retirement plans among the investing public is growing as more people become disillusioned with the stock market and become more educated about various nontraditional investments. In addition, with the huge baby boomer population entering retirement age and with Social Security no longer a guarantee, savvy investors are taking more control of their retirement savings, she said. She added that with prices still very attractive in most markets, real estate is a good addition to traditional IRA investments.
There are certain IRS guidelines and restrictions regarding these self-directed investments which plan administrators such as Next Generation Trust Services can explain to clients. However, as with all self-directed investments, it is the account holders responsibility to research and understand the investments. The account administrator will execute the transactions on behalf of the IRA, hold the funds, and manage all the paperwork and filing associated with the account. The most important fact investors must understand is that the IRS does not allow personal use of any asset held within an IRA by the account holder, certain family members, and business associates.
For any savvy investor who already knows and understands real estate as an investment vehicle, self-direction can be a great way to build a more lucrative retirement portfolio, said Raskulinecz. We invite individuals to read more about this strategy on our website,http://NextGenerationTrust.com.
To open a new account or for more information about self-direction as a retirement strategy, contact Next Generation Trust Services at (888) 857-8058 or Info(at)NextGenerationTrust(dot)com.
About Next Generation Trust Services
Next Generation Trust Services (NGTS), headquartered in Roseland, New Jersey, is a professional third-party administrator of self-directed retirement plans. NGTS provides education, administrative support, and account maintenance to individuals interested in self-directing their retirement portfolios with a wide variety of investments that are not typically found in an IRA, such as real estate, precious metals, notes and mortgages, private placements, accounts receivables, limited partnerships, hedge funds, and much more. Next Generation Trust Services serves clients globally via its website, http://www.NextGenerationTrust.com. For more information on self-directing a retirement plan, call 973-533-1880, 888-857-8058 (toll free), or e-mail Info(at)NextGenerationTrust(dot)com.
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