Effective January 1, 2010, the limitations on who can convert a traditional IRA into a Roth are gone. Although conversions offer a significant wealth planning opportunity, they may not be appropriate for everyone: the tax cost of converting may be prohibitive, and the opportunity cost of the tax dollars may be a deterrent.
To give listeners a solid sense of the issues and opportunities surrounding unlimited conversions, the program will discuss some of the following:
- overview of Roth IRAs
- profiles of the "ideal" candidates for conversions
- special rule for 2010 conversions
- the taxable amount of the conversion and "basis" issues
- undoing a conversion
This live webcast presented by The Knowledge Group will give tax and related professionals some of the basic tools necessary to speak with clients about this new opportunity. Register now as slots are limited. Significant discounts are available to early registrants.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 2.0
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103974
Blanche Lark Christerson
Managing Director
Laura R. Westfall
Associate
Barry C. Picker, CPA/PFS, CFP
Shareholder
David A. Berek, JD, LLM, CPA, CFP
Director, Family Wealth Management
Blanche Lark Christerson, Managing Director, Deutsche Bank Private Wealth Management
- An overview of Roth IRAs
- Profiles of the “ideal” candidates for conversions
- Special rule for 2010 conversions
- The taxable amount of the conversion and “basis” issues
Barry C. Picker, CPA/PFS, CFP, Shareholder, Picker & Auerbach, CPAs, P.C.
- The two five-year rules
- The penalty provisions related thereto
Laura R. Westfall, Associate, White & Case
- The actual changes to the law
- The legal requirements for making rollovers to Roth IRAs
David A. Berek, JD, LLM, CPA, CFP, Director, Family Wealth Management, Credit Suisse Securities (USA) LLC
- Recharacterizations
- Comment Blanche's component on why taxpayers decide to convert and provide examples - ideal candidates
- CPAs
- Lawyers
- Wealth and Financial Planners
- Bank and Trust Officers
This is a must attend event to anyone interested in understanding the latest updates on Roth IRA Conversions.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A