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. Financial professional need to be versed on the rules governing IRA rollovers to ensure that their clients' assets are not exposed to unwarranted taxes and penalties.

This course provides the foundation for understanding IRA rollovers, along with practical information to help guide financial professionals when assisting clients with wealth management techniques for their retirement assets. Of equal importance, this course explains important rules governing the ongoing management of IRA rollovers to ensure that clients do not inadvertently subject their prized asset to unintended penalties and taxes.

Learning Objectives

Upon completion of this course, students will be able to:

  • 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 insurance producers, financial advisors and planners, and CPAs
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