ADP Retirement - Overview of the SECURE Act (Currently Unavailable)

Author: Klaralee R. Charlton

The Secure Act passed at the end of 2019 implemented sweeping changes to retirement account withdrawal options and future saving opportunities for taxpayers working later in life. Small business owners can also take advantage of expanded credits by offering retirement savings plans to their employees. This course will highlight the key changes implemented by this significant legislation and highlight areas for practitioners to advise their clients on tax saving opportunities.

Publication Date: April 2021

Designed For
Financial Advisors, Attorneys, CPAs, Enrolled Agents

Topics Covered

• Legislative history of the Secure Act
• Overview of the increased required beginning date and revocation of the contribution limits
• Illustrations of the impact of changes to required minimum distributions for participants and beneficiaries
• Summary of the expanded credits for small business retirement plans
• Description of the expanded retirement plan eligibility options for part-time employees

Learning Objectives

• Describe how the Secure Act passed congress and its primary provisions
• Recognize and analyze the potential tax impacts related to IRA withdrawals by participants and beneficiaries under the Secure Act
• Recognize how to recommend tax planning to clients affected by the Secure Act
• Identify the changes affecting small business retirement plans and part-time employees

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
Basic understanding of estate planning.

Advance Preparation
None