Webcast
Critical Rules for Moving Retirement Accounts for Owners: Transfers, Rollovers, Roth Conversions
Manage retirement asset movements, including transfers and rollovers for both owner and inherited accounts.
$49.00
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Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
1 Credits: Taxes
Course Level
Basic
Format
Webcast
Course Description
One of the most inevitable transactions that will occur in a retirement account is movement of assets, whether between accounts at the same or different financial institutions, or between identical or different types of accounts.
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.
- Part 1: Rollovers and transfers for owner accounts
- Part 2: Rollovers and transfers for inherited accounts
Bonus: Appleby’s Quick Reference Guide (Chart Sheet) on the transfer and rollover rules for IRAs and Employer Plans
Learning Objectives
Upon completion of this course, participants should be able to:
- 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; and
- Determine how to fix mistakes, where possible.
Course Specifics
WC1823357704
December 6, 2023
None
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02637-24-O
IRS Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1975
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Denise Appleby is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA technical consultation, training and resources for financial, tax and legal professionals. Her primary focus is protecting retirement savings from costly mistakes. She has over 20 years of experience in the retirement plans field. Denise writes and publishes booklets and marketing tools for advisors. She has provided training to thousands of advisors about the rules and regulations, as well as compliance and operational requirements that apply to IRAs and retirement plans for small businesses. Denise co-authors books that include The Roth IRA Answer Book, The SEP, SIMPLE, …
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