Roth Conversions/Retirement Planning for Life Events
Target Audience: CPAs, EAs, RTRPs
Field of Study: Taxation (NASBA); Federal Tax (IRS)
Seminar Level: Beginner
IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG.
DISCLAIMER: THIS SEMINAR WAS FILMED IN ORLANDO, FLORIDA, ON July 27, 2010, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The Employee Plans (EP) unit of the Tax Exempt and Government Entities division delivered this seminar at the IRS Nationwide Tax Forum in Orlando, Florida, in July 2010.
"Life events" affect your retirement plans. Learn how job termination, hardship and retirement, to name a few, can impact retirement savings. This session will also provide information on the new 2010 Roth conversion rules and other hot retirement plan topics.
By the end of this presentation you will:
- understand the 2010 rules for Roth IRA conversion.
- be familiar with the potential pitfalls of conversion.
- understand the rules and additional taxation for borrowing or cashing out from an IRA.
- understand the rules for IRA rollover, inheriting and Required Minimum Distribtions (RMDs).
No prerequisites or advanced preparation are required for this seminar.