Critical Rules for Moving Retirement Accounts for Owners: Transfers, Rollovers, Roth Conversions ON DEMAND

Overview

The type of asset movement used can determine whether the movement preserves the tax-deferred status of the account, whether the movement results in unintended distributions and whether the asset movement results in avoidable excise taxes and penalties. Advisors who understand the rules that apply to these asset movements are better equipped to help their clients use portability strategies that produce intended results. They would be able to help their clients implement strategies can help clients avoid costly mistakes, which range from loss of tax planning opportunities to loss of tax deferred status. Join Denise Appleby, national IRA expert, to learn how you can help clients protect their retirement assets from these mistakes.

Highlights

Moving IRA methods. Employer plan assets. Account identification. Unintended distributions. Fix mistakes.

Prerequisites

None.

Designed For

CPAs, EAs, CRTPs, and other tax professionals.

Objectives

Choose the right method when moving IRAs and employer plan assets. Identify the type of accounts between which assets can be moved. Determine how to avoid unintended distributions with owner and inherited accounts. Help spouse beneficiaries choose the right options for moving inherited IRAs. Determine how to fix mistakes, where possible.

Preparation

None.

Notice

None.