The topic of retirement planning presents a constantly changing set of rules, tax thresholds and concerns about future legislation. When must distributions be taken, who must take them, who can defer distributions and who may not are all discussed. What can be done if distributions are needed regardless of age? There may be penalties imposed. Multiple retirement planning issues are explored, particularly the distribution planning changes and challenges required by the Secure Acts 1.0 and 2.0.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Understand the impact of the Secure Acts 1.0 and 2.0 on retirement plan distribution requirements and decisions and how to avoid the traps
Address how persons can access their IRAs and other plans when needs arise
Advise clients as to what must be done with their retirement plans upon attaining age 73 as well as the best ways to minimize tax consequences when leaving retirement plan benefits to their heirs
