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For the first time in about 20 years, due to the SECURE Act, the IRS is requiring all IRAs to be amended. The last time an amendment was required was in 2002, and also possibly in 2007 and 2010 for financial organizations using prototype documents.
Are you familiar with the amendment requirements and the process for amending your documents? To avoid IRS penalties, financial organizations must use the correct and properly amended IRA opening documents. Learn how to properly establish Traditional and Roth IRAs and how to amend them.
Learning Objectives:
Become familiar with the process and requirements to amend IRA documents.
Learn how to avoid IRS penalties when opening IRAs.
Learn how to properly establish Traditional and Roth IRAs.
Duration: 60-minutes
Recorded on Jan. 17, 2024.