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 became effective in 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.
Learning 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 options
Major Topics
- • 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
