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Tuesday, October 29, 2019 Webcast

Top 20 Effective Strategies for Avoiding RMD Mistakes and Penalties (X1-IRA5-2019-01-WEBNR-302-01)

1:00 PM - 3:00 PM EDT
webcast

Webcast

2.0 CPE Credits in TX

OVERVIEW

Required minimum distribution (RMD) must begin for the year in which the account owner reaches age 70½, unless an exception applies. Failure to comply with the RMD rules will result in the account owner owing the IRS a 50% excess accumulation penalty on any RMD shortfall. RMDs must also be taken from inherited accounts, and the process for determining RMDs for these accounts are more complex than those that apply to RMDs for non-inherited accounts. Interested parties must understand the compliance requirements that apply to RMDs, to be able to assist in ensuring that penalties are avoided.

DESIGNED FOR

Financial advisors, tax professionals, and individuals who support IRAs and employer plans (employees of financial institutions who answers questions about and handle transactions for IRAs and employer plans).

BENEFITS

  • Define an RMD
  • Understand how RMDs are calculated
  • Recognize the individuals and accounts that are subject to the RMD rules
  • Identify mistakes that can occur, how to avoid such mistakes, and how to correct them where possible

HIGHLIGHTS

  • The definition of a required minimum distribution
  • The types of accounts that are subject to the required minimum distribution rules
  • The parties that are subject to the required minimum distribution rules
  • The process for calculating required minimum distribution
  • Exceptions and special considerations for required minimum distributions
  • Rollover and transfer rules in an RMD year
  • The various responsibilities for interested parties
  • Qualified charitable distributions

COURSE LEVEL

Intermediate

PREREQUISITES

A basic understanding of individual income tax.

ADVANCE PREPARATION

None

INSTRUCTOR

Denise Appleby

Denise Appleby, APA, CISP, CRPS, CRC

Denise Appleby is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA tools and resources for financial and tax professionals. She has over 17 years of experience in the retirement plans field, and has co-authored several books and written over 500 articles on retirement rules and regulations. Denise is also CEO of www.retirementdictionary.com , a free consumer website about retirement accounts rules and regulations. For more about Denise, visit her website at www.DeniseAppleby.com.

PRICING

$89.00 - Member

$89.00 - Non Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent