12.07.2023 - IRAs
Critical 2023 Year-End Planning for IRAs and Employer Plans
Presented by Denise Appleby, MJ, CISP, CRC, CRPS, CRSP, APA, Appleby Consulting
In this webinar retirement expert, Denise Appleby, discussed how you can help clients make key tax-efficient year-end planning moves for their retirement accounts for 2023 and 2024. Major topics Denise covered include: The recently published IRA and plan limits for 2024; Required minimum distributions for 2023; Key Roth conversion rules for 2023; When a backdoor Roth conversion counts for 2023; Substantially equally periodic payments and Tax implications for cross-year rollovers.
Attendees Comments:
When attendees were asked what they learned, they responded:
1) The clarity of "beneficiary" classes 2) The fact that the actual QCD age is lower than the RMD age 3) How & when a plan defaults to the 10-year rule
- Darin D.
Grateful for the handouts and all the information. Quite a few lessons learned.
- Irvin S.
helped clarify some of the intricacies of inherited IRAs and RMD requirements for the different types of beneficiaries.
- Gavin M.
I learned questions to ask when client inherits a qualified retirement account. Glad to know excise tax decreased to 25% and that administrative error by advisor or financial institution is acceptable for waiver of excise tax.
- Marian J.
RMD's are not straightforward and I should have the conversation with all clients in that space - and their beneficiaries. Excellent presentation! It was obvious Denise is an expert in this field.
- Alexis B.
1) The clarity of "beneficiary" classes 2) The fact that the actual QCD age is lower than the RMD age 3) How & when a plan defaults to the 10-year rule
- Darin D.
Grateful for the handouts and all the information. Quite a few lessons learned.
- Irvin S.
helped clarify some of the intricacies of inherited IRAs and RMD requirements for the different types of beneficiaries.
- Gavin M.
I learned questions to ask when client inherits a qualified retirement account. Glad to know excise tax decreased to 25% and that administrative error by advisor or financial institution is acceptable for waiver of excise tax.
- Marian J.
RMD's are not straightforward and I should have the conversation with all clients in that space - and their beneficiaries. Excellent presentation! It was obvious Denise is an expert in this field.
- Alexis B.
1) The clarity of "beneficiary" classes 2) The fact that the actual QCD age is lower than the RMD age 3) How & when a plan defaults to the 10-year rule
- Darin D.
Grateful for the handouts and all the information. Quite a few lessons learned.
- Irvin S.
helped clarify some of the intricacies of inherited IRAs and RMD requirements for the different types of beneficiaries.
- Gavin M.
I learned questions to ask when client inherits a qualified retirement account. Glad to know excise tax decreased to 25% and that administrative error by advisor or financial institution is acceptable for waiver of excise tax.
- Marian J.
RMD's are not straightforward and I should have the conversation with all clients in that space - and their beneficiaries. Excellent presentation! It was obvious Denise is an expert in this field.
- Alexis B.