RMD Rules and Strategies for Beneficiaries
Other Than Spouse Beneficiaries:
Focusing on Compliance and Portability Rules
Non-spouse and nonperson beneficiaries have limited options for inherited retirement accounts. These include restrictions on portability. Failing to operate within those confines could result in acceleration of income from inherited retirement accounts and consequently an increase in income taxes for some, as well as loss of opportunities for tax-deferred growth. In most cases, it is impossible to recover from these failures. As such, extreme care must be taken when accepting and moving inherited IRAs and other retirement accounts. In addition, care must also be taken to ensure the RMDs are taken when applicable, to ensure that the excess accumulation penalty is avoided.
Whether you’re an estate planning attorney, financial advisor, CPA or other type of professional, you will want to tune into this special presentation by nationally renowned IRA expert, Denise Appleby, MJ, CISP, CRC, CRPS, CRSP, APA entitled, “RMD Rules and Strategies for Beneficiaries Other Than Spouse Beneficiaries: Focusing on Compliance and Portability Rules”.
This is the third module of a special 3-part course that you may be interested in. For more details about the Appleby Bytes 3-Part Course, click here.
In this 37-minute presentation, you will learn:
- Non-spouse and non-designated beneficiary options for inherited traditional IRAs and Roth IRAs
- How to determine if a beneficiary is a designated beneficiary, eligible designated beneficiary, or non-designated beneficiary
- Rollover and transfer rules for non-spouse beneficiaries: IRAs and Employer Plans
- Overriding the 5-year rule for 2019 beneficiaries
- How to recognize the distribution options that apply to a beneficiary, based on the category in which the beneficiary falls and based on whether the account was inherited before 2020 or after 2019
- How to execute the movement of inherited assets without causing unintended distributions
- And much more!
Your purchase includes an instantly downloadable video and audio presentation and PDF handout materials. You get all of this for you and your entire office for just $149. A PDF transcript is available as an add-on for an additional fee.
- Program Title: RMD Rules and Strategies for Beneficiaries Other Than Spouse Beneficiaries: Focusing on Compliance and Portability Rules
- Speaker: Denise Appleby
- Duration: 37 minutes
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ABOUT THE SPEAKER
Denise Appleby
MJ, CISP, CRC, CRPS, CRSP, APA
Denise Appleby, MJ, CISP, CRC, CRPS, CRSP, APA, is an author, consultant, trainer, and speaker on the tax laws and operations compliance that govern IRAs and employer sponsored retirement plans. She is the owner of Appleby Retirement Plans Consulting, located on the Internet at Appleby Consulting Inc. and is the creator and CEO of The Retirement Dictionary. Ms. Appleby’s retirement-plans-related experiences include working as a retirement plans product manager, training manager, compliance consultant, technical help desk manager, and writer. She has written over 500 articles for many financial newsletters including Investopedia, Pershing LLC’s “Sixty Something,” “The Pershing Press,” “Ed Slott’s…
IMPORTANT NOTICE REGARDING CE CREDIT
The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.
However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.