Courses

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

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Member Price: $99.00 Non-Member Price: $129.00

Date/Time:: Feb 20, 2025, 1:00pm–3:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Taxes: 2.00
Fields of Study:: Taxes
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, including between IRAs and employer plans, does not violate the limitations that apply.

Objective

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

Highlights

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

Advanced Preparation

None