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.

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

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.