Gain a thorough understanding of all the popular retirement benefit vehicles
- IRAs (Traditional and Roth), SEPs, SIMPLEs and Keogh Plans have all become synonymous with smart retirement planning. In addition, IRA-related savings vehicles, like the Coverdell education savings account (formerly called the education IRAs) and medical savings accounts are now available to add to your clients—smart savings options. In simple, easy to understand language, we explain the specifics of these plans and highlight the key differences that go into determining which particular plan, or plans, works best for your client. You'll receive concise and insightful explanations detailing plan establishment, qualification, contributions, distributions, rollovers, reporting and disclosure, prohibited transactions and compliance.
Find out how new IRS reforms open up vast opportunities for IRA owners - With the Tax Relief Act of 2001 increasing contribution limits, allowing "catch up" contributions, easing rollover rules and permitting IRA tax credits for individuals and business owners, the Guide will give you a clear explanation of how to put these recent reforms to work for your clients and customers
Access full-text versions of all key government publications and issuances - Our explanatory coverage is backed up by the inclusion of key administrative issuances and private letter rulings and publications from the Internal Revenue Service (IRS), the Department of Labor (DOL), the Pension Benefit Guaranty Corporation (PBGC) and other regulatory agencies. This section includes summary headnotes and back references to relevant explanations.
Use interactive tools to model and administer plans - The Sample Plans section includes sample IRA, SEP, SIMPLE and Keogh Plans, as well as Coverdell education saving account and medical savings account examples, enabling customers to model and modify plans. The Forms section provides you with all the current forms necessary for the proper administration and reporting of all these popular arrangements. In each case, our Internet format enables you to take advantage of the speed and ease of interactive planning.
Stay current on new legislation and information with our monthly reports - New legislation, regulatory changes, court actions and congressional activities are all tracked and explained in our monthly updates, which provide a continuous stream of insight and advice on key issues and trends.