In-Plan Roth Transfers: The New Wrinkle
Presentor: Derrin Watson Recorded Date: 2/14/2013 Duration: 100 Min.
Description
This program was recorded during a live presentation on February 14, 2013.
Piece by piece, Congress has built a house of Roth. First were Roth IRAs. Next came Roth 401(k) plans. In 2010 Congress added in-plan Roth rollovers. And in January 2013, Congress added in-plan Roth transfers. This Web seminar explains all the Roth rules as we now understand them, and puts the new transfer option into perspective.
Topics include:
- Eligible plans
- Effective date
- Roth deferrals
- Roth rollovers from other plans
- In-plan Roth rollovers
- In-plan Roth transfers
- No need for distributable event
- Account restrictions
- Taxation
- Transfer of amounts with basis (after-tax contributions)
- Withholding concerns
- Reporting transfers
- Amendment deadlines and document issues
- Participant tax issues
- Income inclusion
- 10% penalty tax
- On transfer
- On early withdrawal
Prerequisites: There are no prerequisites or other advanced preparation required for this program.
Level: Overview
Instructional Delivery Method
Group – Internet-Based
Speaker
S. Derrin Watson, J.D., APM
Recipient of ASPPA's 2006 Educator of the Year Award
Objectives: After attending this seminar, attendees should be able to:
- List the plans that can use in-plan Roth transfers
- List the balances that can be transferred to Roth
- Explain the tax consequences of a Roth conversion
- Explain how Roth conversions interact with in-plan Roth rollovers
Hardware System Requirements:
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Windows 95, 98, NT 4.0, 2000, XP, Windows 7
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Internet Explorer 4.01 or later, Netscape 4.08 or later, and set Internet browser to allow pop-up windows.
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High-speed Internet connection.
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Pentium 166+ MHz, 128MB RAM or more.
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1023 x 768 or higher display resolution.
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Soundcard and Speakers.
Software Requirements:
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Silverlight Version 4 is required. Silverlight Version 5 or higher is preferred.
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Silverlight Downloading:
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If you have questions or need assistance with accessing/downloading Silverlight, please contact your IT or MIS department.