Join this webinar to explore IRA plan eligibility, contribution, rollover, and transfer rules, and learn how they impact IRA owners as well as financial organizations and will review the investment opportunities for individuals to save for retirement, including IRAs, Roth IRAs, Backdoor Roth IRAs, SIMPLE IRAs, and other employer-sponsored retirement plans.

We will conduct a comprehensive review of these investment vehicles, providing participants with a thorough understanding of their features, benefits, and eligibility criteria. By delving into the intricacies of each option, individuals will be empowered to make informed decisions and devise a personalized retirement savings strategy that aligns with their financial goals.

Topics Covered

  • IRA/HSA Update: Including New 2024 Penalty-Free IRA Distribution Options
  • Explain the rules related to Roth IRA contributions, conversions, and rollovers.
  • Summarize the tax consequences of Roth IRA distributions.
  • Compare and contrast the taxation of traditional and Roth IRAs.
  • Describe tax planning strategies available to individuals utilizing a Roth IRA
  • Hottest IRA Issues: Reporting, Compliance & Required Minimum Distributions
  • Identify clients who should convert traditional IRA's to Roth IRA's
  • Identify clients who should recharacterize IRA contributions and how to recharacterize
  • Determine who are the ideal beneficiaries of a particular IRA

Learning Objectives:

  • Determine clients who are well suited for conversion from traditional to Roth IRA's
  • When should clients recharacterize IRA contributions?
  • What special traps are present in the IRA area?
  • How to receive a waiver for clients who failed to take the proper required minimum distributions (updated for the SECURE Act 2.0)
  • Requirement minimum distributions from inherited IRAs (updated for SECURE Act 2.0 and also 2023 IRS guidance).
  • Will include Roth 401/(K) plans
  • Conversions and rollovers
  • Recharacterizations
  • Distributions after death
  • Qualified distributions

Credits and Other information:

Recommended CPE credit – 2.0 Tax Hours

Recommended field of study – Tax

Session Prerequisites and preparation: None

Session learning level: Basic

Location: Virtual/Online

Delivery method: Group Internet Based

IRS Course ID: DFFSC

Attendance Requirement:  Yes

Session Duration: 2 Hours

Case Studies and Live Q&A session with speaker

PowerPoint presentation for reference

Credits and Other information :

  • IRS CPE Credits: 2.0 TAX
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • IRS Course ID: DFFSC
  • Attendance Requirement: Yes
  • Case Studies and Live Q&A session with speaker

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4. Is there an opportunity to ask questions to the speaker during the session?

Each webinar wraps up with a Q&A session, giving you the opportunity to interact with industry experts and receive answers to all your queries.

5. We provide the following CE credits to the professionals on the approved courses.

  • IRS
  • HRCI
  • SHRM

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Your educational credits will be reported to the appropriate licensing and regulatory bodies within 5-7 business days

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11. What are the system requirements to attend a live webinar?

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  • An internet connection – broadband wired or wireless
  • Speakers and a microphone – built-in, USB plug-in, or wireless Bluetooth

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