Duration: 90 Minutes

Description:

The IRS approved RMD regulations on July 18, 2024, taking into account modifications brought about by the SECURE Acts. Legal counsel supporting plan sponsors and administrators needs to understand the main concerns raised by these final rules and make sure that qualifying plans, IRAs, tax-deferred annuities, and 457(b) plans are all in compliance.

The final regulations provide clarification on non-eligible designated beneficiaries who are subject to both the 10-year rule and the “at least as rapidly” rule, along with other crucial provisions. Some revisions reflect the changes made in the SECURE 2.0 Act, such as raising the age for required beginning dates, exempting Roth accounts from lifetime distributions, lowering RMD excise taxes, and expanding lifetime income availability.

Learning Objective

• Final RMD guidelines
• SECURE 2.0 and New Proposed RMD Regulations
• Regulations pertaining to inherited retirement accounts
• No penalties for withdrawals
• In contrast to other eligible plans
• RMDs
• Starting times
• How RMDs are calculated for beneficiaries
• Fixing missing RMDs
• Lowering the amount of distribution taxes paid

Credits and Other information:

• Recommended CPE credit – 1.5
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement: Yes
• Session Duration: 90 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Christopher W. Tipper

Mr. Tipper began his career in retirement benefits in 1990, founding Hunter Benefits in 1999 and quickly rising to prominence as an expert who challenges fellow plan consultants to continuously improve business practices, adapt to rapidly changing trends and provide cost-effective, meaningful services for their clients. He oversees new client development and marketing and serves as an expert speaker at major industry events.

Jennifer Wiczynski