Courses

Surgent's Avoiding the Top 10 Mistakes That Can Wipe Out Retirement Savings

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Member Price: $0.00 Non-Member Price: $0.00

Date/Time:: Aug 16, 2022, 2:00pm–4:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
Level:: Basic

Years of growth in a retirement account can be wiped out by one mistake. As such, retirement account owners and their advisors should take care to ensure that IRAs are operated in compliance with the governing regulations. This includes ensuring that distributions are handled properly, and that movement of retirement assets does not violate the limitations that apply.

Objective

Advisors who attend this session will learn how to:
Identify penalties that can apply to distributions, and how they can be avoided
Identify portability mistakes that can result in unintended tax consequences
Move inherited retirement assets in a manner that preserves tax deferred status
Avoid the penalty that can apply to ineligible contributions
Explain the operational and compliance requirements for Roth IRA conversions

Highlights

The 10% penalty
Net unrealized appreciation
Roth IRA conversions and withholding
Rollovers and the limitations
Direct rollovers, indirect rollovers, and tax withholding
Beneficiary portability rules
Taxes and the ordering rules for Roth IRAs
Excess contributions and the 6% excise tax

Designed For

All practitioners advising clients on these complex issues

Prerequisite

None

Advanced Preparation

None