Objective
- Learn how Roth IRA contributions can be made and who were eligible to make those contributions
- Identify the operational and compliance requirements that apply to Roth conversions
- Understand the limitations that apply to recharacterizing Roth activity
- Know the impact of changes to the recharacterization rules under the Tax Cuts and Jobs Act of 2017
- Understand the transfer or rollover rules that apply to Roth IRAs and Roth 401(k)s
- Know the beneficiary options that apply to Roth accounts
Highlights
- General technical rules that apply to designated Roth accounts (DRA)
- Operational requirements that apply to DRAs
- In-Plan Roth rollovers
- DRA distribution rules
- Qualified vs. nonqualified distributions
- Key differences between DRAs and Roth IRAs
- DRAs and rollover contributions
- Beneficiary options for Roth accounts
Designed For
Financial advisors, tax professionals, and individuals who support IRAs and employer plans (employees of financial institutions who answers questions about and handle transactions for IRAs and employer plans)Prerequisite
A basic understanding of individual income taxAdvanced Preparation
None