12 IRA Mistakes: Help Your Clients Avoid Common and Costly IRA Pitfalls
Nearly 40 percent of household financial wealth in the U.S. is retirement assets, with IRAs accounting for the biggest share totaling $9 trillion. With nearly 10,000 baby boomers turning age 65 every day, more Americans than ever before will be making decisions regarding their IRAs. Unfortunately, navigating the labyrinth of IRA rules and regulations can be complex and a tax trap for the unwary. This presentation will provide a detailed discussion of the most common and costly IRA mistakes people make and how to avoid them. The course will cover mistakes regarding contributions, rollovers, Roth conversions, distributions.
Brandon Buckingham is the vice president for the Advanced Planning Group for Prudential Retirement and Life Distribution. He and his team of tax attorneys, Certified Financial Planners™ and retirement and life insurance specialists provide technical, marketing and sales support for all matters concerning variable annuities, individual life insurance, retirement, estate, gift and income tax planning as well as other advanced market topics.
Before joining Prudential, Buckingham was an advanced planning attorney and national manager for John Hancock’s Advanced Markets department. Before that, he was an ERISA counsel for Putnam Investments in its Institutional 401(k) Plan department and a practicing attorney concentrating in ERISA, qualified and non-qualified retirement plans and estate and income tax planning.
Buckingham is a frequent speaker and published author on subjects including IRAs, qualified retirement plans, annuities, life insurance and estate and income tax planning. His articles have been published in InvestmentNews, Insurance News, Advisor Magazine, Advisor Today, Think Advisor, Life Health Pro, Wealth Management, National Underwriter, Financial Advisor, LIFE&Health Advisor, IRI Insight and Trust & Estates Magazine.
After graduating from the New England School of Law (J.D., 1991), Buckingham earned a Masters of Tax Law from the Boston University School of Law (LL.M. 1995). He received his bachelor’s degree from the University of Arizona (1988). Buckingham is admitted to the Connecticut Bar Association, the United States District Court - District of Connecticut and the United States Tax Court.
*Does not provide legal advice or practice law as an attorney for Prudential.