Retirement Distributions: Planning Options 2024

Overview

Retirement accounts may be the largest financial asset your client has. Learn to provide valuable retirement planning input rather than mere RMD calculations. Congress has been changing things: witness Secure and Secure 2.0. Beneficiary rules changed in 2019. Improper choices and faulty distribution calculations can result in penalties or unnecessary taxes. Retirement benefits will be paid to beneficiaries much earlier than was required for pre-2020 deaths. Plans may require an overhaul based on recent legislative changes and IRS interpretations. Course materials contain regulations governing plan distributions and copies of appropriate IRS forms and rulings, updated with the latest cases, rulings, regulations and legislation.

Course Instructor: Mary Kay Ann Foss

Highlights

Roth IRA: The right choice?
Income tax treatment of distributions from retirement plans of all types
Laws, regulations and IRS rulings concerning plan distributions
Avoiding penalty on distributions that happen too early or too late
Beneficiary choices - eligible or not?
Self-directed IRA investment problems

Prerequisites

Experience in individual tax preparation and planning and general knowledge of retirement plans.

Designed For

CPAs, tax professionals, financial planners, attorneys and investment advisers.

Objectives

Recognize key income and penalty tax issues in connection with retirement distributions
Determine how the death of an owner or beneficiary affects distribution calculations
Identify the pros and cons of various beneficiary choices to assist your client in selecting the best options

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.