Speaker: Allan (AJ) Reynolds, EA & Beth Logan, EA
CE: 2 IRS/CTEC
Price: Free for Members | $120 Nonmembers

SECURE 1.0 and 2.0 brought many changes to RMDs. Our clients cannot keep retirement funds in their accounts indefinitely. This class will explore the RMD rules relating the various types of retirement accounts such as Traditional, SEP, SIMPLE IRAs. 401(k), 403(b) accounts. ROTH account rules pertaining RMDs. Each of these accounts have unique rules that require close attention and monitoring. Furthermore, inherited RMD rules will be discuss for these accounts as well. Finally, we will discuss how to use the annually issued Form 5498 for tax and RMD planning.

Learning Objectives:

• Define relevant terms and acronyms including Ten Year Rule, RBD, ALAR, AMBT, Still Working Exception, and EBD.
• Illustrate inherited IRA RMD rules for non-EBD beneficiaries
• Compare spousal options
• Explain penalties for late or missing RMDs
• Contrast pre-SECURE and post-SECURE situations

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