openPR Logo
Press release

Wisconsin Joins Other States and Signs Roth IRA Reform Act

03-23-2010 11:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Quest CE

Until recently, Wisconsin was the only state in the nation that had restrictions on Roth IRA conversions. The recent change allows Wisconsin to catch up with the rest of the country.

Federal law was changed to allow conversions for people of all incomes without penalties as of January 1, 2010. Most states adopted the standard, but Wisconsin continued to charge penalties for residents who earned more than $100,000 annually. Initial penalties were as high as 5.3% of money that was transferred, and 2% a year from there on.

Under the new rule, Wisconsin residents of all income levels will be able to convert a traditional individual retirement account to a Roth IRA without penalty because of legislation signed by Governor Doyle on March 15.

Understanding IRAs

As an investment professional, IRA's are a natural place to start helping clients with retirement planning. A powerful tool to help clients retire in dignity is the Individual Retirement Account (IRA). Quest CE offers Insurance Continuing Education approved for the state of Wisconsin which can help wholesalers understand the difference between Traditional and Roth IRAs and how the Stretch IRA can help with estate planning. Our “Understanding IRAs” course will provide a better understanding of both Traditional and Roth IRAs and some of the decisions that clients may face in planning for their retirement.

About Quest CE

Over the past 20-plus years, Quest CE has built a reputation of being the premier provider of Compliance Education to the financial services industry. Quest CE serves more than 100 leading insurance carriers, broker/dealers, banks, and other financial institutions. We are a privately held firm which allows us to quickly meet the ever-changing needs of our clients. Our commitment is to provide advanced custom solutions at cost effective rates while providing a level of service that greatly surpasses that of our competitors. Quest provides a single source solution for organizations training and compliance needs, saving you both time and money.

Over the past 20-plus years, Quest CE has built a reputation of being the premier provider of Continuing Education to the financial services industry. In addition to offering Third Party Administration for insurance continuing education (CE) for professionals holding insurance licenses and professional designations like the CFP, CPA, CLE, CIMA and CLU/ChFC designations, we also provide a complete spectrum of compliance training solutions both “live” and through online/self-study programs.

Quest CE
10850 W Park Place
Suite 1000
Milwaukee, WI 53224

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wisconsin Joins Other States and Signs Roth IRA Reform Act here

News-ID: 124367 • Views: 498

More Releases from Quest CE

Quest CE Unveils Branch Audit Tool Enhancements
MILWAUKEE – January 6, 2020 – Quest CE, premier provider of compliance training and tracking technology solutions, is excited to announce the release of its latest Branch Audit Tool enhancements. Quest CE’s Branch Audit Tool offers automated internal audit workflows that integrate with other Quest CE services so firms can efficiently manage risk and meet the obligations of their branch locations across the nation. Quest CE is now extending its commitment
Quest CE Releases Course on NY Regulation 187
MILWAUKEE – May 28, 2019 – Quest CE, premier provider of compliance training and tracking technology solutions, today announced the release of a new course focused on New York’s Amendment to Regulation 187, which significantly expands existing suitability standards involving life insurance and annuity products. Broker-dealers who sell annuities in the state of New York will need to abide by the New York State Department of Financial Services Best Interest Regulation
Quest CE Receives ClearCert’s Content Certified Seal of Approval
MILWAUKEE – May 12, 2015 – Quest CE, premier provider of insurance continuing education and FINRA firm element training, today announced that it is now a ClearCert Certified Training Provider, further enhancing its reputation as a trusted partner in the continuing education market. ClearCert is a third-party information clearinghouse that validates content across statewide Long-Term Care Insurance and Annuity Suitability training courses to ensure content quality and consistency across the industry.
Quest CE to Attend SILA’s 2014 National Education Conference
MILWAUKEE – September 15, 2014 – Quest CE, premier provider of insurance continuing education and FINRA firm element training, is pleased to announce its attendance at the Securities and Insurance Licensing Association’s (SILA) upcoming 2014 National Education Conference. The annual conference will take place October 5-8 at the Disneyland Hotel in Anaheim, California. Given the location, the theme of this year’s event is “If You Can Dream it, You

All 5 Releases


More Releases for IRA

Fintech's Newest Player on the Block, CryptoWallet IRA Allows 401k/IRA Investors …
LOS ANGELES, January 3, 2018 (Newswire.com) - Today, CryptoWallet IRA, the leading provider of crypto wallet IRAs in America, proudly announces the launch of its new platform. Now everyone with a 401k or IRA can profit from the boom of digital currencies like Bitcoin whose spectacular returns have gathered worldwide attention. CryptoWallet IRA offers full buying and selling services, as well as: Unrivaled Security in cooperation with BitGo using multi-encryption technology and top-tier
Self Directed IRA Site Gets New Look
For Immediate Release: Asset Exchange Strategies Announces new version of the Self Directed IRA website. Asset Exchange Strategies, An Austin, TX. Based Company, with a presence in Reno, NV. Announced today that their flagship website, myrealestateira.com is going through a major renovation that they believe will only benefit their customers by allowing better communication between existing self directed IRA clients and new business. Daniel Cordoba, of Asset Exchange Strategies explains: "Our vision is
IRA-to-Roth Deadline Nearly Here
Time is running out on a one-time tax deal for investors who want to transfer, or "convert," money from a taxable individual retirement account to a Roth IRA. Thanks to a law that took effect Jan. 1, all taxpayers are now permitted to convert a regular IRA to a Roth. Before then, conversions weren't allowed for those earning more than $100,000. (Roth IRA contributions, in contrast, remain off-limits for individuals with
Tax Tips for IRA Contributions
RALEIGH, N.C. (April 10, 2009) —With the deadline for filing 2008 taxes nearing, W. Landon Watts (LandonWatts.com), wealth strategist for Banyan Rock and Talent, advises that now is an advantageous time for individuals to make contributions to their individual retirement accounts. If a contribution is made before April 15, 2009, it may be used to lower taxable income for the 2008 fiscal year. Watts reminds individuals that the IRA
Ira Silver Appointed President of CPA Auto Dealer Consultants Association
MIAMI – August 13, 2008 – Morrison, Brown, Argiz & Farra, LLP (MBAF), the 43rd largest accounting firm in the nation, announces that Ira Silver, partner-in-charge of its Orlando office, has been named president of the CPA Auto Dealer Consultants Association (CADCA). CADCA is a network of CPA firms nationwide and is designed to provide the automotive industry with access to the most highly qualified financial experts in the country.
Truly Self Directed IRA with Free Local IRA Diversification Training
Scottsdale, AZ—March 26, 2007 Polycomp Administrative Services, Inc., a California based consulting leader specializing in customized retirement and benefit plan administration, including Self Directed IRA solutions, is celebrating 30 years in business with its expansion of IRA and consulting services to Arizona. Polycomp has opened its newest office in North Scottsdale and has begun to offer free weekly educational Self Directed IRA workshops. George Polzer, Polycomp’s IRA Business