Legislative and Regulatory Changes to IRAs and Retirement Planning (Currently Unavailable)
Get a thorough review of how recent legislation has changed tax planning as it relates to individual retirement accounts.
This eight-hour course led by experienced instructor and practitioner Bradley Burnett, J.D., LLM. is for anyone desiring to brush up on and deepen their knowledge of IRAs, Roth IRAs, SEPS, and SIMPLE Plans. Tightening down the hatches and intelligently using tax breaks to help leverage one's future is critical to being able to retire and retire well. This course locks down on building a future to count on via a thorough exploration of all tax and asset protection aspects individual retirement accounts and related arrangements.
Analyzing retirement plan distributions is hard enough without the uncertainty of a global pandemic. The changes implemented by the Secure Act and Cares Act add another layer of complexity for taxpayers nearing retirement or reevaluating distribution plans in light of current market conditions. This course will review the retirement plan distribution changes implemented by the Secure Act and Cares Act and analyze various distribution options based on client circumstances and goals.
COVID-19 has created an economic crisis and Congress and the IRS have employed numerous tactics to alleviate the impact. Among these efforts, are significant changes to retirement savings options including increased loan options, penalty eliminations, and RMD waivers. Regardless of whether an employee has been negatively impacted, employees should analyze their retirement plans and savings habits over the coming months to make the most of these changes to their retirement plan options. Employers must also analyze their plans to ensure employees are not negatively impacted in the event of large layoffs. In this program advisers will come away with a new perspective on old retirement plan rules to better guide their clients during this uncertain time.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2024 to receive credits
Find out what you need to know about the tax treatment rules concerning contributions to and distributions from traditional and Roth IRAs and how to apply them.
This course covers the essentials of IRA’s. We’ll go well beyond the basics to cover crucial topics: when to convert traditional IRA’s to Roth IRA’s, how to minimize tax on conversion, and when clients should recharacterize IRA contributions (and how to recharacterize). We’ll also discuss how to get a waiver for clients who fail to take a required minimum distributions and other traps in the IRA area including prohibited transactions, excess contributions, and impermissible investments.
Naming the right beneficiary of a qualified retirement account is ideal but it doesn’t always happen. When clients make mistakes or circumstances change, practitioners can help their clients by identifying ways to administer or transfer inherited retirement accounts after the death of the original owner. In this course we will review the inherited retirement account rules pre- and post-Secure Act and identify methods of administering or transferring retirement accounts after death to minimize income tax and meet client goals.
Total: 6 courses (18 CPE hours)
