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Surgent's Avoiding the Top 10 Mistakes That Can Wipe Out Retirement Savings

  • 09/06/2022
  • 9:00 AM - 11:00 AM
  • ATTM-2022-01-WEBNR-249-01


Years of growth in a retirement account can be wiped out by one mistake. As such, retirement account owners and their advisors should take care to ensure that IRAs are operated in compliance with the governing regulations. This includes ensuring that distributions are handled properly, and that movement of retirement assets does not violate the limitations that apply.

Major Topics:

  • The 10% penalty 
  • Net unrealized appreciation 
  • Roth IRA conversions and withholding
  • Rollovers and the limitations
  • Direct rollovers, indirect rollovers, and tax withholding  
  • Beneficiary portability rules 
  • Taxes and the ordering rules for Roth IRAs 
  • Excess contributions and the 6% excise tax 
    • Advisors who attend this session will learn how to:
    • Identify penalties that can apply to distributions, and how they can be avoided
    • Identify portability mistakes that can result in unintended tax consequences
    • Move inherited retirement assets in a manner that preserves tax deferred status
    • Avoid the penalty that can apply to ineligible contributions
    • Explain the operational and compliance requirements for Roth IRA conversions 
      Designed for: All practitioners advising clients on these complex issues

      Level: Basic

      Instructor: Denise Appleby, MJ, APA, CISP, CRPS, CRC

      CPE Credits: 2

      Area of Study: Taxes (2)

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