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Speaker, author, teacher, consultant: I teach/consult to financial, tax, and legal professionals about the tax laws that govern IRAs and employer plans
TITLE: Portability Rules and Limitations for IRAs and Employer Plans: How to Move Assets Without Making Costly Mistakes
Description
Complexity Level: Intermediate
Session Description: $33.6 Trillion is held in retirement accounts (ICI). But a significant portion will be lost to penalties, excise taxes, and pre-mature income taxation because of rollover and transfer mistakes. This session explains how to avoid these mistakes when moving accounts for owners and beneficiaries. Topics include how to help clients operate within compliance and operational requirements, thus making it easier to correct non-egregious errors.
Learning Objectives:
- Describe tax-efficient strategies for rolling over assets to or from employer plans for account owners and beneficiaries.
- Identify strategies for protecting the tax-deferred nature of retirement accounts.
- Explain solutions that clients can implement to fix rollover and transfer errors.
Feedback from attendees at the Financial Planning Association's 2023 Annual Conference
A. Question/Request: Please give an example of how you might apply the new information.
User Responses
- Fantastic job! Great insight with a humorous twist 👏🏻👏🏻
- Use her checklists to ensure client mistakes are not made.
- Split distribution / conversion of Traditional IRA to Roth IRA
- All the speakers at the conference were top notch, but Denise was the best. She is an absolute master of this topic. Very, very impressive. She invited us to ask question after question and she flawlessly addressed each.
- She is relatable and gave me nuggets to provide more value to my clients. Denise is an outlier! Thank you!
- She was very knowledgeable and knew her subject.
- Loved her idea of a checklist when engaging in any sort of movement of qualified money.
- More efficiently move retirement assets
- It’s great to have a list of options when a 60 day deadline is missed
- Working with a checklist when a client wants to do a rollover to avoid common pitfalls. I felt pretty knowledge in rollovers but this session revealed to me that there are many aspects I had no idea about!
- Awareness of hidden or little known rules for rollovers.
- Nua rules finally sinking in for me. Thank you for covering. And - auditing Ira before transactions is great - that needs more awareness
- The transfer / rollover discussion was simple but super important.
B. Please provide any other feedback or comments.
User Response
- Great topic and incredibly engaging speaker!
- Such a great session!
- Very exciting speaker for a topic that could be bland
- The presentation was very good!
- Phenomenal speaker, incredible content. Great inclusion in the conference.
- This was the best presentation so far!!!! It should have been offered several times.
- Loved Denise! Such great energy!
- More basic than I thought it would be
- Slides would have been helpful
- Really basic info