Congress created the Roth IRA in 1998 in order to provide another avenue for individuals to have tax-deferred retirement savings. This course will review in detail the rules regarding contributions, conversions, rollovers, and distributions from Roth IRAs. Traditional IRAs and Roth IRAs rules will be compared and contrasted. Tax planning opportunities for individuals with Roth IRAs will be reviewed in-depth.
Explain the rules related to Roth IRA contributions, conversions, and rollovers.
Summarize the tax consequences of Roth IRA distributions.
Compare and contrast the taxation of traditional and Roth IRAs.
Describe tax planning strategies available to individuals utilizing a Roth IRA.