Why Even Wealthy Clients Should Open IRAs

RELATED CONTENT

5 Costly Mistakes to Avoid With IRAs and Retirement Plans

A little bit of knowledge about IRA rollovers, conversions, and distributions can be very dangerous. Gung-ho clients (and even their CPAs and attorneys) may know just enough to land them with a huge tax bill. Of course, you will have the facts to keep their retirement plan on track.

The Intricacies of Funding and Tapping a Roth IRA

The new tax law drastically increases the number of taxpayers who will have future access to Roth IRA types of accounts. Be prepared to discuss the planning opportunities that may exist given the new rules on contributions, conversions, taxes, distributions, and holding periods.

Help Clients and Prospects Manage Their Inherited IRAs

Demand will be great for advisors who can navigate around all the IRS rules and deadlines on inherited IRAs. Make sure you're up to date on how to preserve the assets and avoid large—and unnecessary—tax bills.

How to Avoid Taxes on Roth IRA Withdrawals

You can take money out of a Roth IRA at any time, but if you fail to pass the qualification tests, you could run afoul of the ordering rules. Here's an overview of how to liquidate Roth IRAs correctly to minimize taxes and penalties.