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.
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 offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).
Leader(s):
- Mary Kay Foss
Non-Member Price $399.00
Member Price $299.00