Pub. date: 5/14
Everything the estate planner or CFP needs to know about Roth retirement plans.
Note to readers: This newest version of the Roth Special Report was posted May 2014. If you bought an earlier version (previously called “Roth Ready for 2010!”), you can use one of your five free downloads to download this newer version FREE, using your original download link and password.
What’s in This Special Report?
This 88-page Special Report is an expanded and updated version of Chapter 5 of Natalie Choate’s book Life and Death Planning for Retirement Benefits (Ataxplan Publications, 7th ed. 2011). This Special Report contains everything you need to know about Roth IRAs and other Roth retirement plans in order to advise your clients, including:
The eight ways to fund a Roth IRA, including “the biggies” (regular annual contributions, conversions from a traditional plan or IRA) and “the others” (conversions from an inherited traditional plan, qualified reservist distributions, military death benefits, Exxon Valdez settlements, airline bankruptcy payments).
Who is eligible to contribute or convert to a Roth IRA.
How Roth conversions from a traditional IRA are accomplished (and taxed).
How Roth conversions from a traditional nonIRA plan are accomplished (and taxed).
- Special rules for Roth conversions while under age 59½.
- How Roth IRA distributions are taxed.
- How to compute the “5-year waiting period” necessary to qualify for tax-free “qualified distributions” (both for Roth IRAs and for DRACs – they’re different, naturally!)
- Designated Roth accounts (DRACs, also called “Roth 401(k)’s” or “Roth 403(b)(s)”
- Who can have one, what can be contributed to a DRAC, how DRAC distributions are taxed, and the differences between a DRAC and a Roth IRA.
- The malpractice pitfalls attending rollovers OUT of a DRAC.
- Roth IRA abuses the IRS is on the lookout for.
- How to “undo” (recharacterize) a Roth IRA conversion, including the deadline, what to do if you miss the deadline, partial recharacterizations.
- More special stuff found nowhere else: Roth IRA losses, investment management fees for Roth IRAs, special valuation rule for converting an annuity contract.
- Planning ideas to prepare for a Roth conversion.
- How Roth retirement plans fit in the estate plan.
- How Roth IRAs can benefit retirees, wealthy estate plan-minded individuals, young people; and who should NOT convert to a Roth IRA.
- No other source explains the tax rules applicable to Roth retirement plans in such detail and in such a comprehensive and understandable way – with full citations so you can verify all statements.
Who Needs This Special Report?
Do Buy This Special Report if:
You want to learn all the tax rules and planning considerations for Roth retirement plans, but you don’t want to buy the entire book Life and Death Planning for Retirement Benefits; or
You already own Natalie Choate’s book Life and Death Planning for Retirement Benefits, but you want more detail about the tax rules and planning considerations for Roth retirement plans, and/or you want to have Chapter 5 of the book in searchable .pdf format because you do so much work in this area.
Don’t Buy This Special Report if:
You have recently attended or are soon going to attend a Natalie Choate seminar where one of the topics is “Roth Immersion!” because you got or will get this Special Report free as part of your seminar materials.