Calendar of Events

Exploring the IRA Universe - Part II of IV: - Beyond the Basics; IRA Transfers and IRA and QP Rollovers

10/26/2017, 1:30 PM to 3:30 PM

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Exploring the IRA Universe - Part II of IV

This is Part II of a four-part series.
Attend all sessions for complete information or any one independently.

 

Presented by Patrice M. Konarik
Thursday, October 26th, 2017
1:30 pm - 3:30 pm CT

PART II
IRAs:
Beyond the Basics;IRA Transfers and IRA and QP Rollovers
  • 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?

Register for the entire series
Register for Part I - Thursday, October 19th, 2017 -1:30 pm - 3:30 pm CT
Register for Part II - Thursday, October 26th, 2017 -10:00 am - 12:00 pm CT
Register for Part III - Friday, December 1st, 2017 -10:00 am - 12:00 pm CT
Register for Part IV - Tuesday, December 5th, 2017 -10:00 am - 12:00 pm CT