Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Why a rollover recommendation is a suitability determination under FINRA Rule 2111 and Regulation Best Interest. - How to compare 401(k) and IRA features, including fees, investment options, and services, to avoid common exam traps. - The critical differences between direct and indirect rollovers, focusing on the 20% withholding rule and the 60-day window. - Key distinctions in Required Minimum Distribution (RMD) rules between 401(k)s and IRAs, especially for clients working past age 73. - The importance of considering beneficiary designations and how rollover decisions can impact estate planning for spouses and non-spouses. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep