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Roth IRAs: Soup to Nuts
(Presented By: Laura Wilson)
How much do you know about the Roth IRA? Does the fact that it is an IRA make you want to run and hide? The truth is: the more you know, the more you will want to know. You and your customers may be able to benefit from this product.  | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
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The Roth IRA is a great deal for most U.S. taxpayers. Contributions are not deductible, but "qualified distributions" from a Roth are not taxable. This means that a participant can withdraw contributions at any time. The contributions have already been taxed. They are yours when you want them. Interest continues to accumulate tax-free and is only taxed if the requirements for a "qualified distribution" are not met.
The majority of U.S. taxpayers are eligible to open and contribute to a Roth IRA. The only factor that prohibits contributions to a Roth IRA is an individual's income (or for a married couple, the combined income of both spouses). An unmarried person with an adjusted gross income (AGI) of less than $110,000 per year or a married person with a combined AGI of less than $160,000 per year is eligible to open and contribute to a Roth IRA. A person's age and participation in a qualified retirement plan do not factor into the equation.
The younger the Roth IRA participant is the more he or she benefits from a Roth IRA. Can you imagine beginning to save for your retirement at age 25 knowing that any amounts you contribute are available to you with no additional taxes and no penalties any time you need them? At the same time interest accumulates tax-free provided the Roth IRA is opened for at least 5 years and the participant does not touch the interest until age 59 1/2 (other exceptions apply). At age 25, your customer may earn tax-free interest for almost 35 years!
This program teaches you the selling points of a Roth IRA. It explains the IRA custodian's role in the process of opening and administering Roth IRAs. You will learn the rules for making contributions and the requirements for a "qualified distribution" from a Roth IRA. Reporting to the Internal Revenue Service is highlighted throughout the program. Distribution requirements for beneficiaries are also discussed.
About the speaker:
Laura Wilson is a principal with Pegasus Educational Services, LLC. She is a gifted trainer who proves learning can be fun. Audiences routinely comment that her recollection of material content and sense of humor are unique among presenters on technical topics. Her career in training on banking related issues began in 1987. At one time she served as the regulatory compliance trainer for a $3 billion savings bank. Later, she was a senior consultant and full-time trainer for a regional consulting firm for financial institutions. She has served on the faculty of the OTS' Level I Compliance School and the FDIC's Bank Operations and Compliance School for examiners. In addition to presenting seminars for seventeen state banking associations, she has been an instructor at compliance schools sponsored by the Iowa, Kentucky, Texas and Pennsylvania bankers associations. She is also a member of the American Society for Training and Development.
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888.229.8872