Event Description

There are multiple options for funding a Roth IRA. Each option is subject to a strict set of rules, and breaking any of these rules could negate the tax benefits of the Roth IRA. When done right, these funding options can help to create tax-free income for a Roth IRA owner and their beneficiaries. During this presentation, Denise will demonstrate how to operate within the regulatory limitations for funding Roth IRAs, thus avoiding excise taxes and penalties that apply to overfunding.

Designed For

Financial and Tax professionals

Objectives

• Help clients avoid costly Roth funding errors

Major Subjects

• Regular Roth IRA contributions and the applicable limitations
• The backdoor Roth IRA contribution strategy.
• Direct Roth conversions
• The special rules for indirect Roth conversions
• Rollovers from employer plans to a Roth IRA
• 529 to Roth IRA contributions
• Identifying and correcting Roth IRA excess contributions
• Tax reporting requirements for Roth funding