Surgent's Avoiding the Top 10 Mistakes That Can Wipe Out Retirement Savings
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.
Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Basic
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.
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
Prerequisites
None
Designed For
All practitioners advising clients on these complex issues
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
Preparation
None
Leader(s):
Leader Bios
Denise Appleby, Surgent McCoy CPE, LLC
Denise Appleby, APA, CISP, CRPS, CRC, owns and operates Appleby Retirement Consulting. With more than 10 years of experience in the IRA and defined contribution plans field, Denise has held several senior retirement plans-related positions with Pershing LLC, including vice president of Retirement Plans Products and Services, retirement plans manager and training manager. In addition, she has written more than 200 articles for many newsletters, including the Pershing LLC’s SixtySomething and The Pershing Press, Ed Slott’s IRA Advisor and www.Investopedia.com. As well as writing, Denise has edited “Quick Reference to IRAs” by Gary Lesser and Don Levy (2003); “SIMPLE, SEP and SARSEP Answer Book” by Gary Lesser and Susan Diehl (Ninth Edition) and “Parlay Your IRA Into a Family Fortune” (Viking; 2005) by Ed Slott. Denise’s wealth of knowledge in retirement plans led to her make appearances on CNBC’s Business News and be quoted in the Wall Street Journal, Investor’s Business Daily, CBS Marketwatch’s Retirement Weekly and other financial publications, where she gave insights on retirement planning. Her expertise and knack for explaining complex retirement plans’ rules and regulations, created a demand for her to speak at various conferences and seminars around the country as well as to provide training to staff of financial advisor firms around the country.
Non-Member Price $104.00
Member Price $99.00