This is session two of a four-part masterclass with expert Denise Appleby that will provide a comprehensive review of the distribution and portability rules for Traditional IRAs, Roth IRAs, and Employer Plans. This session will focus on effective distribution strategies for avoiding excise taxes with RMDs and penalties related to early distributions. Advisors who attend this session will learn how to: (1) help clients retain qualification for an exception to the 10% early distribution penalty, (2) help eligible clients correct IRA custodians' incorrect reporting to claim 10% penalty exceptions, (3) identify mistakes that can result in RMD shortfall for account owners and beneficiaries, learn how to avoid such mistakes, and learn how to correct such mistakes where possible and (4) coordinate qualified charitable distributions (QCDSs) with required minimum distributions RMDs.
*CE/CPE Eligible: 2.0 CE credits are available to FEN Members with these designations: IAR, CFP, CLU, ChFC and RICP. CPA members will earn 2.0 CPE credits.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) 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.
