Course Overview

This course analyzes the components of excess IRA (Individual Retirement Arrangement) contributions and the recharacterization process required to avoid penalty. For companies that handle excess contributions, or advise investors that need help, this training provides professionals the necessary framework to develop proficiency.

In this expert course, you will learn:
• What triggers an excess contribution
• How to avoid excess contribution penalties with distributions
• The best ways to redesignate an excess contribution
• How to legally report excess contributions and recharacterizations

Course Details

  • 50 Minutes of Instruction

  • 1 Continuing Education (CE) Credit

  • $99

  • Advanced Level

  • CISP, CTFA, & CRSP Designations

Course Syllabus

  • 1

    Excess Contributions and Recharacterizations

    • Getting Ready with Course Resources

    • Agenda

    • Excess Contribution Triggers

    • Timely Distributions of Excess Contributions - Deadline

    • Recharacterization of Excess Contributions

    • Redesignation Of An Excess Contribution

    • Net Income Attributable Calculation

    • Additional Excess Triggers

    • Excess Distribution Reporting

    • IRS Form 5329

    • Summary

    • Excess Contributions and Recharacterizations Quiz