How to Avoid The Top 10 Costly IRA Mistakes 03-26-2024
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How to Avoid The Top 10 Costly IRA Mistakes
Presented by Denise Appleby, MJ, CISP, CRC, CRPS, CRSP, APA, Appleby Consulting
Retirement account balances hit a record high, reaching $36.7 Trillion in the Second Quarter of 2023. This increased balance is excellent news for retirement account owners and their beneficiaries. But sadly, retirement account balances could be lost to avoidable taxes and penalties because of mistakes and/or unfamiliarity with the governing rules. In this webinar, retirement expert, Denise Appleby, explained how these mistakes are often made and what you can do to protect your clients’ IRAs. Topics Denise also covered include real-life case studies and practical examples.
Attendees Comments:
A few comments from listeners when they were asked what the learned from the webinar:
There was so much "good" stuff it's difficult to name just a few. Make a checklist for IRA rollovers; making sure to review the account statements before a rollover; the custodian does not withhold the 10% penalty.
- Kathleen C.
Great review and reminders of all the rule changes the past couple of years and what is coming in the future
- Heather C.
One of the main new things I learned about is the Form 5329 for requesting waivers of the excise tax
- Inez S.
There was so much "good" stuff it's difficult to name just a few. Make a checklist for IRA rollovers; making sure to review the account statements before a rollover; the custodian does not withhold the 10% penalty.
- Kathleen C.
Great review and reminders of all the rule changes the past couple of years and what is coming in the future
- Heather C.
One of the main new things I learned about is the Form 5329 for requesting waivers of the excise tax
- Inez S.
There was so much "good" stuff it's difficult to name just a few. Make a checklist for IRA rollovers; making sure to review the account statements before a rollover; the custodian does not withhold the 10% penalty.
- Kathleen C.
Great review and reminders of all the rule changes the past couple of years and what is coming in the future
- Heather C.
One of the main new things I learned about is the Form 5329 for requesting waivers of the excise tax
- Inez S.