This is session three 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 teach you how to avoid tax traps for beneficiary distributions from IRAs and Employer-Sponsored Retirement Plans. Advisors who attend this session will learn how to (1) Identify the different types of beneficiaries, (2) Know the distribution options available to beneficiaries, (3) Determine the steps that account owners and beneficiaries need to take to preserve the stretch opportunities for multiple generations and (4) Understand the penalty that could apply when beneficiaries do not meet distribution.
*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.
Learning objectives
Advisors who attend this session will learn how to
- Identify the different types of beneficiaries
- Know the distribution options available to beneficiaries
- Determine the steps that account owners and beneficiaries need to take to preserve the stretch opportunities for multiple generations
- Understand the penalty that could apply when beneficiaries do not meet distribution deadlines and when such penalty could be waived