IRA Transfers and Rollovers Webinar
Everyone knows you can only do one rollover per “IRA” in a 12 month period – right? But, what’s the definition of an “IRA” – An IRA account? – An IRA plan? – An IRA plan type? – see complete description below
Webinar Description and Audience
Everyone knows you can only do one rollover per “IRA” in a 12 month period – right? But, what’s the definition of an “IRA” – An IRA account? – An IRA plan? – An IRA plan type? The actual verbiage on this has always been a little gray and subject to interpretation. In a landslide, mind-blowing court case, the whole rollover world has been turned upside down. Big changes and clarifications regarding rollovers were effective January 2015. As you can see below, this is a jam-packed informational Webinar. And in August 2016, there were even more changes regarding “self-certification” of rollovers occurring beyond the 60 day period and financial institutions still being able to accept them.
•Why is it important to QUALIFY the money coming into the financial institution?
•What are the three questions that should be verified?
•What is the IRS definition of an IRA for rollover qualification purposes?
•What happens if an IRA accountholder exceeds the once-per-12-month rule?
•What are the exceptions for the 60 day time period where the customer can “self-certify” the rollover is still allowed?
•What are the alternatives to moving money from IRA to IRA if not a “rollover”?
•Which IRA Forms are used and how is the movement reported to the IRS?
•When does the financial institution have to verify transactions with the other institution?
•What’s the difference between an IRA Transfer, an IRA Rollover and a Qualified Plan Rollover?
•Moving money from a Traditional to a Roth or QP to a Roth – Conversion vs. Rollover?
•What is a Recharacterizations between plan types?
•Most importantly…How do we correctly code the transactions above to the IRS?
Who Should Attend?
A “must-attend” webinar for anyone even remotely involved in IRAs, including frontline, back office, call center, investment department, and trust department personnel.
You are encouraged to have a sample of the IRA forms your financial institution is currently using for your review during the session including: IRA Contribution forms, Distribution Forms and Rollover Review/Certification Forms.
Webinar Viewing Options
INCLUDES SEVEN DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. Participants can type and send their questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate in the same room.
SIX MONTH ONDEMAND VIDEO RECORDING:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
CD-ROM VIDEO RECORDING:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.