By Gary S. Lesser, Susan D. Diehl, Robert S. Keebler, and Gregory Kolojeski
Aspen Publishers’ Roth IRA Answer Book, Fifth Edition, provides an up-to-the-minute tutorial on this subject for a wide variety of professional markets, including pension consultants, insurance agents, financial planners and investment advisors, plan administrators, attorneys, and accountants, as well as those institutions that promote, market, service, or provide technical support to retirement plans, products, and related services. The subscriber will find in-depth coverage of all aspects of the administration and operation of a Roth IRA, as mandated by the Internal Revenue Code, Treasury regulations, and IRS notices and announcements.
Written by a team of practicing experts preeminent in their fields, Roth IRA Answer Book takes the reader, step by step, through the creation, operation, and extinction of a Roth IRA. Topics covered include the following:
· How a Roth IRA is established, how documents are designated, and how a Roth IRA may be revoked
· Trustee and custodian disclosure requirements and governmental form reporting requirements
· Limits on contributions, including the contribution phaseout rules, and the definition of modified adjusted gross income (MAGI)
· Income and estate tax benefits of establishing a Roth IRA and of converting a traditional IRA to a Roth IRA
· How Roth IRAs may be used to enhance overall wealth transfer planning
· The benefits of naming a Roth IRA trust as the beneficiary of a Roth IRA, as well as the considerations in drafting and the generation-skipping aspects of a Roth IRA trust
· How to create and transfer distributions into a separate-share trust to utilize each beneficiary’s life expectancy
· How sample provisions, documents, and administrative details will provide for the efficient operation of a Roth IRA arrangement
The 2007 Supplement to Roth IRA Answer Book, Fifth Edition, includes coverage of the most recent developments in the area. New features include:
· How the Pension Protection Act of 2006 (PPA) affects Roth IRAs and designated Roth Contribution Programs (DRCPs)
· A new chapter on DRCPs that addresses elective contributions that can be treated as designated Roth contributions under an employer’s 401(k) or 403(b) plan. The chapter discusses how such contributions are accounted for and maintained and how qualified and nonqualified distributions from designated Roth accounts are treated for income and penalty tax purposes
· How to value an annuity contract that is converted to a Roth IRA
· How to prepare now for the elimination of the $100,000 MAGI limit after 2009
· The ‘‘top ten’’ list of common mistakes that people make when designating beneficiaries and how a practitioner might help clients avoid those mistakes
· When nontaxable combat zone compensation paid to military members may be treated as compensation for purposes of making a Roth (or traditional IRA) contribution
· How Roth elective deferrals under a DRCP can be used to maximize benefits
· How to value an annuity contract in a traditional IRA that is converted under the new proposed and temporary regulations to a Roth IRA
· How to create and transfer Roth IRA distributions into a separate-share trust to utilize each separate beneficiary’s life expectancy
· The opportunities and restrictions in making a beneficiary designation, including marriage and family rights that restrain a beneficiary designation
Other benefits include:
· The question-and-answer format breaks down complex subject areas into concise units
· Extensive cross-referencing facilitates locating information
· The detailed List of Questions that follows the Table of Contents helps the subscriber locate areas of immediate interest
· Questions contain numerous examples that illustrate specific points - Where relevant, sample calculations are provided
· For the subscriber’s convenience, supplementary reference materials relevant to Roth IRAs are provided in the Appendix
· A subject index is provided as a further aid to locating specific information - All references in the index are to question numbers
$225.00