Retirement Accounts and Asset Movement

What this video covers

• Whether a SEP, SIMPLE, traditional, or Roth individual retirement account (IRA) is established by the individual or the employer, and why that distinction matters for the exam
• The 2026 combined traditional and Roth IRA contribution limit of $7,500, the $1,100 age-50 catch-up, and why married filing separately with a cohabiting spouse has a near-zero Roth phase-out range
• Which plans force required minimum distributions (RMDs) and which do not, including why Roth IRAs, Roth SEP IRAs, and Roth SIMPLE IRAs have no RMD for the original owner
• Why an RMD can never be rolled over, and how the taxable amount must be distributed before any remaining balance can move
• The 60-day deadline for customer-received rollovers and the tax consequences of missing it
• Trustee-to-trustee transfers versus customer-received rollovers, and why the one-per-year IRA rollover limit applies only to tax-free IRA-to-IRA rollovers where the customer physically receives the funds
• Governmental 457(b) plans and how the age-based catch-up compares with the special last-three-years catch-up, using the greater amount rather than adding them