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

Available Anytime

Location: Online

2Credits

Technical Business

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~~$89.00 Regular Price~~

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$119.00 Regular Price

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Product Code: SU24-ATTM-SSWC

Level: Basic

Vendor: Surgent

Field of Study: Taxes

Overview:

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, including between IRAs and employer plans, does not violate the limitations that apply.

Objectives:

Identify penalties that can apply to distributions, and how they can be avoided
Help clients avoid the portability mistakes that can result in unintended tax consequences
Move inherited retirement assets in a manner that preserves tax deferred status
Help clients avoid ineligible contributions
Explain the operational and compliance requirements for Roth IRA conversions

Major Topics:

Coverage of applicable rules from SECURE Act 2.0
The 10% penalty
Net unrealized appreciation of employer securities
Roth IRA conversions
Rollovers and the limitations
Direct rollovers vs indirect rollovers, and tax withholding
Beneficiary portability rules
When a Roth IRA distribution is qualified to be tax-free
Excess contributions and the 6% excise tax

Designed For:

All practitioners advising clients on these complex issues

Prerequisite:

None

Additional Info:

You will receive an email from info@surgent.com with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email info@surgent.com. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.