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Retirement Distributions: Planning Options 2024

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Online, OK 00000

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8.00 Credits

Member Price $299

Non-Member Price $399

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

Leader(s):

Leader Bios

Mary Kay Foss

Mary Kay Foss, CPA, joined Sweeney Kovar as a director in 2010.  She has more than thirty years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California.

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Non-Member Price $399

Member Price $299