IRA Rollovers

Overview

Rollovers account for the largest source of contributions to IRAs. Ensuring that consumers receive accurate, and unbiased information regarding their distribution and rollover options is critically important to making informed decisions. This course covers IRA rollover rules, helping financial professionals guide clients in managing retirement assets effectively and avoiding unintended taxes and penalties.

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Objectives

  • differentiate between a traditional and Roth IRA and understand the advantages of rolling over qualified retirement plan assets to these vehicles
  • recognize investments that can be used within IRAs
  • describe a direct and indirect rollover as well as detail the tax implications of the respective methods
  • distinguish how trustee-to-trustee transfers differ from indirect transfers
  • demonstrate an understanding of how Section 1035 exchanges work
  • outline the distribution and rollover options a beneficiary has upon inheriting an IRA under the rules of the SECURE Act

Designed For:

Life and health insurance producers and finance professionals


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Course Information

Adding additional credit may change exam requirements.

Advanced Preparation: None