IRAs: Beyond the Basics

This is part of a four-part webinar series on IRAs. To view or purchase the entire series, click here.

Everyone knows you can only do one rollover per "IRA" in a 12-month period - right? But, what's the definition of an "IRA" - An IRA account? An IRA plan? An IRA plan type? The actual verbiage on this has always been a little gray and subject to interpretation. In a landslide, mind-blowing court case, the whole rollover world has been turned upside down. Big changes and clarifications regarding rollovers became effective January 2015. As you can see below, this is a jam-packed informational Webinar.

Covered Topics:

  • Why is it important to QUALIFY the money coming into the financial institution?
  • What are the three questions that should be verified?
  • What is the IRS definition of an IRA for rollover qualification purposes?
  • What happens if an IRA accountholder exceeds the once-per-12-month rule?
  • What are the alternatives to moving money from IRA to IRA if not a “rollover”?
  • What are the transition rules for 2014 and 2015 rollovers?
  • Which IRA Forms are used, and how is the movement reported to the IRS?
  • When does the financial institution have to verify transactions with the other institution?
  • What’s the difference between an IRA Transfer, an IRA Rollover and a Qualified Plan Rollover?
  • Moving money from a Traditional to a Roth or QP to a Roth – Conversion vs. Rollover?
  • What is a Recharacterization between plan types?
  • Most importantly… How do you correctly code the above transactions to the IRS?

Who Should Attend?

A "must-attend" webinar for anyone even remotely involved in IRAs, including frontline, back office, call center, investment department, and trust department personnel.