In the ever-evolving domain of retirement planning, staying informed is key. This course offers an in-depth exploration of retirement account distributions, tailored for professionals in tax, accounting, and finance. It provides a comprehensive understanding of how Qualified Plan provisions may diverge from the Internal Revenue Code, crucial for advising clients accurately. You'll gain valuable insights into the mechanics of early withdrawals, including QDROs and hardship distributions, and understand the implications of employee loans. With content updated for the latest Secure regulations and SECURE 2.0 changes, the course ensures you're equipped with the most current knowledge. This course is not just about learning; it's about applying this knowledge in real-world scenarios, enhancing your ability to guide clients through complex financial decisions with confidence and expertise.
Learning Objectives
Upon completion of this course, participants will be able to:
Recognize when the qualified plan document differs from provisions in the Internal Revenue Code,
Understand early withdrawals benefits such as QDROs and hardship distributions; and
Identify the effect of employee loans.
Major Topics
Plan Conditions
IRC
Designated Roth Accounts (DRACs)
Required Minimum Distributions
RMDs from Qualified Plan
Lump Sum Distributions
Tax Withholding on Distributions
Rollover Issues
