New IRS Final RMD Rules and Proposed Regulations to Address Additional SECURE 2.0 Act Issues
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From: $119.00
Date: November 29th, 2024
Time: 1pmET | 12pm CT | 11am MT | 10am PT
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
Ms. Wiczynski, Esq. is the owner and operator of KISMET Benefits Counselor, LLC. With almost 20 years of experience in the retirement plan industry, she is dedicated to using her retirement industry expertise to provide the highest quality support for her clients. Ms. Wiczynski is a proud alumnus of the Southern University Law Center, where she graduated second in her class magna cum laude.
