VASEA Webinar: Overview of Contribution Limits for IRAs and Employer Plans

Tim Wesling will review the contribution dollar limits for many types of retirement plans, including Individual Retirement Arrangements and employer sponsored retirement plans. For example, who can contribute and who cannot? How much may be contributed? What are the limits to income tax deductibility? What’s the difference between a contribution and an addition? Are there legal ways to circumvent some of the contribution limits? How can self-employed persons maximize their retirement savings?

Learning Objectives:

1. Review basic rules for contributions to traditional, Roth, SEP, SIMPLE, and inherited IRAs
2. Review what income may, or may not, be considered as compensation for purposes of IRA contributions
3. Review limits for employee deferrals and employer contributions to employer sponsored defined contribution retirement plans
4. Provide an overview of eligibility, compensation limits and testing, and types of additions for employer sponsored retirement plans

Presenter:

Timothy (Tim) Wesling is the principal financial planner at Wesling Financial Planning Services Corp and a retired Air Force Lt Colonel. Tim founded Wesling Financial Planning Services in 2006 after completing nearly four years at Morgan Stanley. Wesling Financial offers services in all areas of financial planning, including retirement, investment, education, estate, and insurance, as well as asset management and tax preparation. Tim is a fee-only Certified Financial PlannerTM, which means he takes no commissions and works solely on behalf of his clients. He is an Accredited Investment Fiduciary® and a Certified Divorce Financial AnalystTM, and a member of the National Association of Personal Financial Advisors, the Financial Planning Association, and the Washington DC Estate Planning Council.

Participants earn up to 1.0 CE/CPE credits.

Field of Study: Federal Tax Law Topics / Taxes

Pre-Requisites: Basic knowledge of Federal taxation

Who Should Attend: CPAs, EAs, and other Tax Professionals

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

IRS Program Number: QSRNU-T-00603-23-O

Registration Fees

Individual Webinar
Members: $30 / Non-Members: $50*

Bundle Discount for All 6 Webinars
$150 for members / $250 for non-members

*Join VASEA for $90 and enjoy member rates at events all year long.

Member Discount Eligibility

Member pricing applies to NAEA and VASEA Members, Associates, and current VASEA Annual CE Pass holders, and their staff. Staff are only eligible for VASEA member rates if registration is paid for by a VASEA Member, Associate or current CE passholder.

Group discounts at education functions are given to multiple attendees from a single firm when there is one payment for all registrations: 3‐5 attendees = 5% each; 6‐10 = 10%; 11 or more = 15%.

Phone or Email Registration Options

There is a $25 additional fee for registrations taken over the phone or via email.

Refund Policy

Refunds will be honored if written notification is received at the Administrative Office fourteen days prior to event. A processing fee of $25 will be deducted from the refund. Cancellations within 14 days of the event will not be accepted. Substitutions are always allowed for in-person registration. Substitutions are only allowed for webinar registrations if received 48-hours prior to the start of the webinar. “No Shows” forfeit their fees.

Cancellation

VASEA reserves the right to cancel any program or course for circumstances that are not under direct control of VASEA. If a course or program is cancelled, registrants will be notified via email at the address listed on their registration form.

Complaint Resolution Policy

For more information regarding refund, cancellation and complaint policies, please contact VASEA Administrator, Heather Greenwell at admin@vasea.org or call (804) 723-5888.

Questions

Contact Heather Greenwell, CAE, VASEA Administrator, at (804) 723-5888.