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IRA Contributions: Traditional IRA and Roth IRA

  • AFSP
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • CRTP
  • ChFC®
  • CSA
  • Maryland Tax Prep.
  • FSCP®
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

No matter what stage of life you're in, it is never too soon to start planning for retirement, as even the small decisions you make today can have a big impact on your future.

While you might already be invested in an employer-sponsored plan, an Individual Retirement Account (IRA) allows you to save for your retirement on the side, and also potentially save on taxes. There are different types of IRAs, too, with different rules and benefits.

This CE/CPE webinar covers the eligibility requirements for taxpayers to contribute to a Traditional IRA and Roth IRA.

Taxes, whether we admit it or not, drive a lot of our personal finance decisions. Avoiding or lowering them can influence where we choose to live, what kind of car we buy, where we send our children to school, whether we purchase a house, and many other everyday decisions. Everyone tries to limit the amount of taxes they pay. Taxes play a large role when we invest for retirement, as well.

One potential way to minimize taxes is by investing in a Roth IRA. With a Roth IRA, you contribute after-tax dollars and withdraw any earnings tax-free in retirement. By contrast, although you generally get a tax deduction on your contributions to a traditional IRA—and the money grows tax-free—you have to pay taxes when you withdraw the money in retirement.

With a Roth IRA, you contribute after-tax dollars, your money grows tax-free, and you can generally make tax- and penalty-free withdrawals after age 59½. With a Traditional IRA, you contribute pre- or after-tax dollars, your money grows tax-deferred, and withdrawals are taxed as current income after age 59½.

This CE/CPE course also covers how to determine the deductibility of Traditional IRA contributions, Savers Tax credit determination, contribution deadline, and other miscellaneous issues.

Learning Objectives

  • To analyze IRA contributions.
  • To discuss the various types of IRA contributions.
  • To inspect the traditional IRA.
  • To analyze the Roth IRA.
  • To inspect the Saver’s Tax Credit.
  • To analyze contribution deadline.

Recommended For

  • This IRS-Approved CE/CPE webinar is recommended for CPA, EA, AFSPs, CTECs, Tax Professionals, Tax Directors, Tax Practitioners, and Tax Attorneys engaged in advising their clients over retirement and various types of IRA contributions.

Course Qualification

Webinar Qualifies For

  • 1 CE Credit for Retirement Income Certified Professional (RICP)
  • 1 CE Credit for Wealth Management Certified Professional (WMCP)
  • 1 CE Credit for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0809)
  • 1 CE Credit for Chartered Special Needs Consultant (ChSNC)
  • 1 CE Credit for Chartered Advisor in Senior Living (CASL)
  • 1 CE Credit for Certified Senior Advisor (CSA)
  • 1 CE Credit for Financial Services Certified Professional (FSCP®)
  • 1 CE Credit for Chartered Financial Consultant (ChFC®)
  • 1 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00869-22-O)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CPD Credit for Personal Financial Specialist (PFS)
  • 1 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00869-22-O)
  • 1 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00869-22-O)
  • 1 PL Credit for Chartered Financial Analyst (CFA)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit for Annual Filing Season Program (AFSP)

Presenter

About Presenter

John Paul

Director The Entrust Group

John Paul Ruiz has spent more than 20 years as a consultant and trainer in the retirement and financial services industry. Prior to joining The Entrust Group, Ruiz served as the Vice President of Professional Development for Integrated Retirement Initiatives, LLC.  His responsibilities involved developing and delivering retirement plan training to financial advisors as well compliance personnel to some of the largest institutions offering retirement products and solutions.  With his comprehensive knowledge of alternative investments, his consulting and training expertise was sought after by numerous third party administrators in the self-directed IRA market. His former positions included, Director of Resource Development for the Retirement Products & Solutions division of Acensus (formerly BISYS Retirement Services). Ruiz was responsible for overseeing the development and delivery of the Ascensus professional development and training services using a broad spectrum of media including * Live group presentations * One-on-one coaching sessions * Video productions * Live and recorded webinars * Online schools * Telephone seminars  

In high demand as a speaker in the retirement services industry, Ruiz has been a featured key note speaker and industry expert at numerous regional and national conferences. Ruiz has served as a member of the faculty of national schools including the American Bankers Association (ABA) Trust School and the Graduate School of Banking at the University of Wisconsin – Madison. Ruiz has also served on the faculty of the IRA Institute, which serves as preparatory course for retirement professionals pursuing the Certified IRA Services Professional (CISP) designation offered through the Institute of Certified Bankers (ICB) or the Certified IRA Professional (CIP) designation offered through the National Association of Federal Credit Unions (NAFCU).  Ruiz has become well-known in the industry for his ability to help financial advisers understand how to create selling opportunities by building their retirement plan expertise and staying on top of legislative and regulatory developments.  

During his tenure with Ascensus, Ruiz also held position as senior ERISA consultant and as manager of the ERISA Support Call Center, a fee-for-service hotline that provided ERISA technical support to financial services professionals. Prior to Ascensus, Ruiz served as a relationship manager for several key alliance partners in the recordkeeping division of Universal Pension, Inc. Prior to joining Universal Pensions Inc. he worked in the consumer loan division of Wells Fargo Bank.  

Ruiz earned the Qualified 401(k) Administrator (QKA) designation from the American Society of Pension Professionals & Actuaries (ASPPA) and holds a Certified IRA Service Professional (CISP) certification through the American Bankers Association’s Institute of Certified Bankers (ICB). 

About Company

The Entrust Group

www.TheEntrustGroup.com

The Entrust Group is the world's premier provider of self-directed IRA administration services, in business for over 30 years administering self-directed, tax-advantaged savings accounts.

Self-directed IRAs allow you to save for retirement through alternative investments, such as real estate (Real Estate IRA), gold (Gold IRA), private stock, and more.  We specialize in investor education, offering free learning materials about alternative investments, investing strategies, and more.  In addition to retirement accounts, we also offer health savings accounts (HSAs) and education savings accounts (ESAs).

Founded by industry luminary Hubert Bromma, Entrust serves individuals and businesses through a nationwide network of dedicated local offices. The Entrust Group and our offices are regularly examined to ensure compliance with state and federal banking requirements. In addition, Entrust affiliate offices enjoy regular training to maintain self-directed IRA industry best practices.

Entrust is committed to the classic American goal of financial independence, especially as it relates to retirement, health, and education. We are leaders in the self-directed IRA industry, offering custodial services, and educational information to help you direct your future with ease.  Request a complimentary consultation on our "Services"​ page to learn more.

Faq

FAQs content

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IRA Contributions: Traditional IRA and Roth IRA

$10

1 Credit

Subject Area

Taxes

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