Broker Check

FREE GUIDE: THE SECURE ACT

The SECURE Act changed the rules for retirement accounts and investing. Are you aware of how this may affect your investing strategy? Get all the details here in our free ebook.



Thank you! Oops!
Ed Slott's Elite IRA Advisor Group℠ Conference | Recap

Ed Slott's Elite IRA Advisor Group℠ Conference | Recap

May 19, 2024

I recently had the opportunity to attend Ed Slott's Elite IRA Advisor Group℠ conference in Indianapolis. It was another successful event, bringing together over 350 advisors nationwide for two days of intensive training.

The overarching theme this year was ‘schemes and scams.’ Guest speakers provided valuable insights into different types of scams targeting retirement accounts, and fellow advisors shared real-life stories of how their clients have been targeted.

The conference highlighted the significant losses due to IRA scams, emphasizing the importance of advisor vigilance. We also delved into specific red flags to watch out for, such as unrealistic claims or attempts to conceal transactions. The key takeaway was to be wary of anything that sounds too good to be true.

Beyond scams, the conference covered the recently implemented SECURE 2.0 provisions. We learned about new ways to access retirement funds penalty-free, including for emergencies and domestic abuse situations, and through in-plan emergency savings accounts. The speakers covered topics including the ability to rollover funds from a 529 plan to a Roth IRA and the exemption of Roth account funds from lifetime RMD calculations.

One of the more focused sessions addressed the challenges surrounding Roth SEP and Roth SIMPLE contributions, which became technically available in 2023. The session addressed the initial confusion regarding reporting Roth SEP contributions, with the answer being code 2 or 7 in box 7 of a 1099-R, as clarified by IRS Notice 2024-2.

Overall, the conference was a valuable experience, packed with essential information, insightful discussions, and networking opportunities. Ed Slott's Elite IRA Advisor Group℠ consistently delivers high-quality training; this year's conference was no exception. Member advisors left Indianapolis well-equipped with new knowledge to guide and protect their clients.

Please contact the office to schedule a meeting if you would like to discuss any of the above topics.

#DixonFinancialGroupLV #EdSlott’sEliteIRAAdvisorGroup℠ #TheRetirementSavingsTimeBombTicksLouder #RetirementSavings #FinancialPlanning