Final 403(b) Regulations

Take this on-demand course for information on the much anticipated final 403(b) regulations that the IRS released on July 23, 2007.  The final regulations, which are the first comprehensive regulations issued for 403(b) plans in over 43 years, not only encompass the legal changes made to 403(b) plans since 1964, but also make significant fundamental policy changes to the way 403(b) plans will need to be established and administered in the future. 

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Pension Protection Act of 2006 Overview

This presentation provides financial services professionals with a high-level understanding of the key elements of the PPA that will affect providers of IRA and defined contribution plan products and services.

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Inherited IRAs

On January 10, 2007, the IRS issued guidance concerning the new IRA rollover opportunities for nonspouse beneficiaries created by the Pension Protection Act of 2007 (PPA). 

Based on the recent guidance issued by the IRS, the opportunity to roll over assets to an Inherited IRA has been restricted for some nonspouse beneficiaries and completely eliminated for others. With the PPA provision effective January 1, 2007, and numerous nonspouse beneficiaries looking to roll over inherited retirement plan assets, participation in Convergent’s Inherited IRAs webinar is a must. Through participation in this webinar, you will gain the knowledge and insight needed to ensure that your IRA program is well positioned to capitalize on this new IRA rollover opportunity in an efficient and compliant manner.

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Roth 401(k) Distribution Guidance

The Roth IRA took the retirement world by storm in 1998 with benefits such as tax free distributions and penalty free withdrawals of basis. The major limiting factor for many individuals was the income limits that prevented them from contributing to the IRAs, 2006 will be a good year for those taxpayers. Congress passed the law making Roth 401(k)s a reality in 2001 and people have waited patiently for the 2006 effective date.

Like the Roth IRA contributions will be after tax and then grow tax-free for retirement. The differences include no income limits and that the contributions are only limited as any other deferral into a 401(k) plan. Through participation in this webinar, you will gain the knowledge and insight needed to ensure that your IRA program is well positioned to capitalize on this new opportunity in an efficient and compliant manner.

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