Retirement Distributions: Planning Options 25-26
4.00 Credits
Member Price $329
Non-Member Price $439
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 but final regulations are not effective until 2025. Retirement benefits will be paid to beneficiaries much earlier than was required for pre-2020 deaths. Improper choices and faulty distribution calculations can result in penalties or unnecessary taxes. Retirement plans may be overhauled based on recent legislative changes and IRS interpretations; this effects self-employeds and employees. 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 problemsPrerequisites
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 account owner or beneficiary affects distribution calculations Identify the pros and cons of various beneficiary choices to assist your client in selecting the best optionsPreparation
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.
Non-Member Price $439
Member Price $329