Looking to estabish a Self Directed IRA, Self Directed Retirement Plan, or Real Estate IRA? This video will give you the steps to establishing an account with Next Generation Trust Services and you can be well on your way to owning non-traditional investments in your retirment plan. Control Your Future, Today!

Next Generation Trust Services is based out of Roseland, NJ, and specializes in comprehensive account administration and transaction support services for self-directed retirement accounts.

For more information on our company or on self-directed IRAs, call us at 973-533-1880 or 888-857-8058 or email Info@NextGenerationTrust.com.

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LEARN MORE ABOUT: IRA Accounts

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A self-directed IRA (Individual retirement account) is a type of retirement account that allows investors to have more control over their investments. With a self-directed IRA, account holders can invest in a wide range of assets, including real estate, precious metals, private businesses, and more. Setting up a self-directed IRA can be a great way to diversify your retirement savings and potentially boost your returns. Here’s how to set up a self-directed IRA in English:

1. Choose a custodian: The first step in setting up a self-directed IRA is to choose a custodian. A custodian is a financial institution that will hold and manage your IRA assets. When selecting a custodian, be sure to choose one that allows for self-directed investments and has experience in this area.

2. Fund your account: Once you have chosen a custodian, you will need to fund your self-directed IRA. You can do this by rolling over funds from an existing retirement account, such as a 401(k) or traditional IRA, or by making annual contributions up to the annual limit set by the IRS.

3. Make investment decisions: With a self-directed IRA, you have the freedom to invest in a wide range of assets. Before making any investments, it’s important to do thorough research and consider your risk tolerance and investment goals. Common investments in a self-directed IRA include real estate, precious metals, private equity, and more.

4. Follow IRS rules and regulations: It’s important to be aware of the IRS rules and regulations that govern self-directed IRAs. For example, there are restrictions on certain types of investments, such as collectibles and life insurance. Additionally, all transactions within your self-directed IRA must be conducted through your custodian.

5. Monitor and manage your investments: Once your self-directed IRA is set up and funded, it’s important to regularly monitor and manage your investments. Keep track of your asset allocation, performance, and any changes in the market that may impact your investments. Consider seeking advice from a financial advisor or tax professional to ensure that your self-directed IRA is properly managed.

Setting up a self-directed IRA can be a great way to take control of your retirement savings and potentially achieve higher returns. By following these steps and staying informed about IRS rules and regulations, you can successfully set up and manage a self-directed IRA in English.