Proactively seek the IRA education that will boost your business—and save
your clients’ retirement accounts—during these turbulent times!

hallenging times call for the nation’s top financial advisors, as consumers everywhere are searching for the most educated advisors to keep their retirement nest eggs safe and solvent. The largest opportunity in our industry’s history is in front of us, but most financial advisors are simply not educated enough to capture new IRA rollover business and keep existing clients from fleeing in fear.

But now, Ed Slott and Company is ready to bring IRA Education Straight to You, so you can possess the knowledge you need to succeed—and gain your fair share of new IRA rollover business!

IRA Topic Highlights
 
Session I: IRA Basics
IRA and Plan Distribution Rules/Stretch IRA/Benefi ciary Forms/Custodial Documents
  • The IRA and Plan Required Minimum Distribution Rules
  • 2001 Tax Law – EGTRRA 2001
  • 2009 Retirement Plan Contribution Limits
  • The Power of the Stretch IRA
  • Common Mistakes in Setting up Inherited (Stretch) IRAs
  • IRA Benefi ciary Form Mistakes
  • How to Use the IRA Benefi ciary Form to Build Referrals
  • IRA Benefi ciary Selection
  • IRA Custodial Document Checklist
  • Appendix: How a $100,000 IRA is Parlayed to $8,167,629!
Session II: Roth IRAs
Conversions/Pro-Rata Rule/Recharacterizations/Roth 401(k)s & 403(b)s
  • Roth Conversions for All Starting in 2010
  • The Pro-Rata Rule
  • Roth IRA Planning
  • Roth Recharacterizations
  • Roth Conversions Directly from Company Plans
  • The Roth 401(k) and the Roth 403(b)
  • Final Roth 401(k) Distribution Regulations
  • IRS Shuts Down Roth Conversion Annuity Valuation Scheme
Session III: IRA Updates
2006 & 2008 Tax Laws/The Latest Revenue Rulings and Private Letter Rulings
  • 2006 IRA Tax Laws
  • The Tax Increase Prevention and Reconciliation Act
  • The Pension Protection Act of 2006
    1. Non-Spouse rollovers from an inherited company plan are permitted
    2. Charitable IRA rollovers
    3. 10% Penalty Exceptions
      • Active Reservists Exception
      • Public Safety Employee Exception
    4. EGTRRA 2001 Retirement Provisions Made Permanent
  • The Heroes Earning Assistance and Relief Tax (HEART) Act of 2008
  • 10% Early Distribution Penalty Exception Made Permanent
  • Contributing Military Death Benefi ts to a Roth IRA
  • Other Plan Provisions
  • The Worker, Retiree, and Employer Recovery Act of 2008
  • Non-Spouse Benefi ciary Rollovers from Employer Plans Made Mandatory in 2010
  • Roth IRA Contributions of Bankrupt Airline Payments
Session III: IRA Updates (cont.)
  • IRS Revenue Ruling 2005-36 (Disclaimers)
  • Caution: IRS Rules that Wash Sale Rules Apply to IRAs
  • IRA Lawsuit Settlement can be Rolled Over
  • IRA Wrap Fees can be Paid From Non-IRA Funds
  • Stretch IRA is Saved—Even When RMDs are Missed
  • Avoiding Once-Per-Year IRA Rollover Disasters
  • Danger: Loans From 401(k) Plans
  • IRA PLR Fees
Session IV: 25 IRA Distribution Rules You MUST Know – Part One
When Required Distributions Must Begin/Year of Death Required Distributions/Reporting Requirements/5-Year Rule Confusion
  1. Reporting to IRS of Required Distributions
  2. IRA Distribution Basics: 70 ½ rules; Which age to use; Calculating RMDs
  3. Outstanding Rollovers and Recharacterizations
  4. 5-Year Rule Confusion
  5. No Designated Benefi ciary? IRA Payout is Limited to 15.3 Years
  6. Creditor Protection for Keoghs – no protection if no employees
  7. Year of death distribution. Who takes it?
  8. Medicaid Treatment of Retirement Accounts
  9. IRAs don’t pass through wills
  10. There are two different 5-Year Rules for Roth IRAs
  11. QDRO’s do not apply to IRAs
  12. A non-spouse benefi ciary cannot do a rollover
  13. The 10% penalty exceptions for education and first time home buyer
Session V: 25 IRA Distribution Rules You MUST Know – Part Two
Eligible Rollover Distribution Mistakes/Required Distributions on Inherited IRAs/Non-Spouse Beneficiary Rules/60-Day Rollover Relief
  1. Splitting IRAs
  2. Age 55 exemption from 10% penalty applies only to plans
  3. From age 59½ to 70½ there are no rules, no penalties
  4. There is no deadline for a spousal rollover
  5. You don’t have to name your spouse as your IRA beneficiary
  6. 20% withholding tax rule
  7. Eligible Rollover Distributions (ERDs)
  8. Tax Breaks for IRA and Plan Benefi ciaries
  9. IRS Grants Relief to IRA Owners Who Failed to Complete an IRA Rollover Within the 60-Day Time Limit
  10. Being active in a company plan has no effect on Roth IRA eligibility
Session V: 25 IRA Distribution Rules You MUST Know – Part Two (cont.)
  1. Non-spouse Roth IRA beneficiaries must take required distributions
  2. Inherited IRA Payout Can Be Assigned to Estate Beneficiaries
    Appendix: How to Keep Building Your IRA Knowledge— The Best IRA Resources for You
Session VI: The Missing Estate Plan
Life Insurance Planning with IRAs/How to Make Sure Your Clients Get the 3 Biggest Tax Breaks in the Tax Code/IRD
  • Implementing the Missing Estate Plan
  • Use of Life Insurance to Protect IRA Values
  • The 80% Tax on IRAs—How to Avoid it and How to Use it to Attract Large IRAs
  • Income in Respect of a Decedent (IRD)
  • No Estate Tax Discounts for Retirement Accounts
  • Double IRD Double IRD
Session VII: Naming Trusts As IRA Beneficiaries
Everything you Need to Know about Naming Trusts as IRA Beneficiaries/Latest IRA Trust Rulings and Planning Strategies
  • Separate Account Rules for Multiple IRA Beneficiaries
  • Naming Trusts as IRA Benefi ciaries
  • Should Your Clients Leave Their IRAs to a Trust?
  • Setting up a trust
  • Avoid Major IRA Trust Mistakes That Most Other Advisors Make Routinely
  • IRS Trust Income Rules: How They Affect IRAs
  • IRA Trust WAR Story
  • Implementing the IRA Trust
  • 10 Point IRA Trust Checklist
Session VIII: Advising Clients On Key Rollover Decisions And Early Distributions
Advising Clients on Key Rollover Decisions/Net Unrealized Appreciation Rules and Strategies for Employer Stock/Special 10-Year Averaging/72(t) Rules for Early IRA and Plan Distributions
  • Advising Clients on Key Rollover Decisions
  • Reasons to Leave Assets in the Company Plan
  • Reasons to Take the Company Plan Money and Pay Tax Now (NUA)
  • IRS Rules Lump-Sum Distribution Errors Cannot be Corrected and Denies the NUA Tax Break
  • 5 NUA Mistakes You Cannot Afford to Make
  • What You Need To Know About Special 10-Year Averaging
  • Reporting Lump-Sum Distributions on Your Tax Return
  • 72(t) Payments
  • 72(t) Rulings from IRS