Tutorial: Roth IRA Summary

Roth IRAs can be established by anyone. However, only eligible individuals can make regular Roth IRA contributions
Custodians are subject to certain disclosure requirements when they establish Roth IRAs for clients. Failure to meet these requirements can result in a breach of compliance
For conversions that occur before January 1, 2010, individuals must have a MAGI of $100,000 or less and cannot file as ‘married-filing-separately.
Roth IRAs are subject to rollover and transfer rules that are similar to those that apply to traditional IRAs.
Contributions in excess of the statutory limit can result in the Roth IRA owner owing the IRS penalties, unless the excess is timely corrected.
Amounts that are converted and subsequently recharacterized cannot be reconverted before a predefined period.
Distributions may be subject to income tax and or early distribution penalties, unless certain requirements are satisfied.

1. Tutorial: Introduction to Roth IRAs

2. Tutorial: Who Can Establish and Fund a Roth IRA: Eligibility Requirements

3. Tutorial: How to Establish a Roth IRA. Policies and Procedures

4. Tutorial: Roth IRA Contributions, Conversions, Rollovers, and Transfers

I. Tutorial: Roth IRA Contributions

II. Tutorial: Excess Roth IRA Contributions

III. Tutorial: Roth IRA Conversions

IV. Tutorial: Roth IRA Reconversions

V. Tutorial: Roth IRA Rollovers and Transfers

5. Tutorial: Roth IRA Recharacterizations

6. Tutorial: Roth IRA Distributions

7. Tutorial: Roth IRA Summary