ROSELAND, N.J., July 30, 2021 /PRNewswire-PRWeb/ — Jaime Raskulinecz, CEO of Next Generation Trust Company, has announced that her firm has formed an administrative relationship with ErisX, an exchange that provides crypto spot and U.S. regulated futures. The relationship will allow Next Generation’s clients to diversify their retirement portfolios by investing in crypto assets such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash, without having to open an IRA LLC to do so. These retirement accounts, more commonly known as self-directed IRAs, allow for a broad array of alternative assets like real estate, private equity, hedge funds, notes, precious metals, and cryptocurrencies.
“Up until this point, our clients would have to establish a newly formed LLC after opening their accounts for checkbook control over these digital assets. But through this new option, investors may now directly invest in cryptocurrencies via a regulated, secure and transparent exchange,” said Raskulinecz. “While clients may still establish an LLC if they wish, it is no longer necessary when making these self-directed investments on ErisX.” Next Generation has listed ErisX as a professional resource on their website, which also provides more information and education on trading cryptocurrencies.
Through self-directed IRAs, investors make all their own investment decisions and may include many non-publicly traded alternative assets within their retirement plans. This affords them more control over their investment returns, provides a hedge against stock market volatility, and gives the same tax advantages that come through investing with a retirement account.
Next Generation supports self-directed investors with account administration and transaction processing through Next Generation Services and asset custody through Next Generation Trust Company.
“We provide access to crypto trading and investing on an exchange built to the exacting standards of traditional commodity markets,” said Thomas Chippas, CEO of ErisX. “Next Generation customers can open an account and access our world-class exchange to diversify their IRA investments in a few simple steps.”
Next Generation and ErisX co-hosted an educational webinar about investing in cryptocurrency on June 17; it is available on demand at https://bit.ly/375VMQp.
More information about self-direction as a retirement wealth-building strategy is available at http://www.NextGenerationTrust.com. To learn more about including cryptocurrency in a self-directed IRA with ErisX, visit https://www.erisx.com.
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…