All times are based on EST.
*There will be 5-minute breaks throughout the workshop
9:00 a.m. – 9:30 a.m.
Explain recent changes affecting IRA owners
Discuss the current Roth modified adjusted gross income (MAGI) limits
Recognize how recent changes may affect your financial organization
9:30 a.m. – 10:30 a.m.
Required Minimum Distributions
Calculate a required minimum distribution (RMD)
Discuss the RMD rules and reporting requirements
10:30 a.m. – 12:00 p.m.
Describe beneficiary distribution options
Recognize the differences for spouse, nonspouse, and nonperson beneficiaries
Explain beneficiary payment deadlines
12:00 p.m. – 12:45 p.m.
12:45 p.m. – 1:45 p.m.
Summarize the restrictions on the movement between IRAs
Recognize the options available when moving from an employer-sponsored retirement plan to an IRA
Explain the result of violating the portability restrictions
1:45 p.m. – 2:30 p.m.
Roth IRA Conversion Contributions
Describe a conversion
Explain the effect of withholding on a conversion
Report a conversion
Define the consequences of an ineligible conversion
2:30 p.m. – 3:45 p.m.
IRA Excess Contributions
Define an excess contribution
Identify excess contribution correction methods
Calculate NIA to an excess contribution
List the possible taxes and penalty taxes for excess contributions