This webcast will unravel the mystery of calculating RMDs for defined benefit plans, including cash balance plans. The elimination of the ‘DC Account Balance Method” for defined benefit plans in 2006 created some confusion in the small plan actuarial community that seems to linger to this day. We will address the most important issues by going through specific and detailed calculations, using real-life situations, while addressing the black and white with the gray.
- Compare the impact of the different annuity options available for DB RMDs
- Examine why a Life or J&S annuity may not be the best practice
- Consider how the elected RMD annuity impacts the calculation of funding target and address how it might interface with your valuation software
- Address the different issues that may occur when the plan is terminating, including how to convert an RMD annuity back to a lump sum
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