DESCRIPTION
The proposed regulations implementing the SECURE Act RMD rules were released and SECURE 2.0 has been approved by the House and is being considered by the Senate. The speakers will discuss what these changes mean for clients, estate planning attorneys, and plan administrators.
The new proposed regulations mean that every client with a substantial qualified plan or IRA should visit with you and review beneficiary designations and trust provisions in order to optimize postmortem payouts. The best way to prepare for this seismic change is to join Bob Keebler CPA/PFS, MST AEP in his exclusive LISI Webinar where he will cover the following points:
Specifically, this course will include the following:
- The new 10-year rule distribution requirements
- Exceptions to the 10-year rule and how to compute RMDs
- When the 5-year rule or “ghost” life expectancy rule might apply
- Distribution requirements after the death of a beneficiary
- New terminology, such as the “applicable multi-beneficiary trust”
- Drafting for successor or contingent beneficiaries without accelerating distributions
- When remote or contingent interests can be ignored when calculating distributions
- Surviving spouse distributions under the new rules, including when the IRA is held in trust
- Flowcharts to help you quickly process and apply the new rules
Learning Objectives:
- Required Minimum Distributions
- Mandatory Cashout Limit
- Automatic Enrollment and Escalation in New 401(k) and 403(b) Plans
- Catch-Up Contributions
- Employer Matching Contributions on Student Loan Repayments.
- Long-Term/Part-Time Workers
- Roth Matching Contributions
- 403(b) Investment in Collective Investment Trusts
CPE:
- Program Knowledge Level: Intermediate
- Delivery Method: Group Internet-Based
- Recommended CPE Credit: 4.0
- Field of Study: Taxation
- Prerequisites: JD
- Advance Preparation: None
Thecpeeducator is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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