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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: Key Roth IRA & Roth 401(k) Rules for Funding & Tax-free Distributions
Description
Complexity Level: Intermediate
Course Description
Overview
How much can you contribute to a Roth IRA, Roth 401(k), SEP Roth IRA, or SIMPLE Roth IRA? How will a Roth distribution qualify to be tax-free? How did SECURE Act 1 and SECURE Act 2 change the Roth Rules? These are only some of the key Roth questions for which advisors must know the answers. And as Roth accounts have increasingly become an essential component of retirement savings portfolios- with one-third of IRA owners owning Roth IRAs, advisors have even more reasons to be Roth-proficient. To that end, Denise will simplify critical rules that govern Roth funding and Roth distributions for Roth IRAs, Roth 401(k)s & sister plans.
Learning Objectives
At the end of the session, participants should be able to:
- Explain the eligibility requirements for funding Roth IRAs and Roth 401(k) plans.
- Describe the tax impact of rollovers from employer plans to Roth IRAs.
- Demonstrate the steps that determine whether a Roth distribution is tax-free.
- Determine when the ordering rules apply.
Designed for:
Any financial or tax professional tax practitioner who provides service and support to clients who own Roth IRAs and employer plan accounts.