Learn to spot the potential pitfalls and provide solid advice to unwary clients needing retirement plan distribution help
Clients may expend substantial effort and sacrifice to maximize their retirement plan contributions, and typically feel that they can deal with their plan balances at will. That is not the case. Distributions from retirement plans are subject to a series of complex requirements and decisions as well as income and estate tax obligations that can lead to substantial tax liabilities and penalties if not carefully addressed. Timing of plan withdrawals and distributions, careful identification of beneficiaries, and following rules that favor form over substance are all important to understand. There is legislation in Congress likely to pass this year that will change some of these rules dramatically.
This two-hour online CPE program will address a number of real-world client situations and problems, and suggest what recommendations the clients’ advisors can address to solve them.
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)