The importance of the Requirement Minimum Distribution rules is not to be understated. This reality is amplified by the fact that a mistake not only results in possible disqualification of the plan but also a significant 50% penalty tax on the participant. Many practitioners only encounter the RMD rules on an infrequent basis and struggle with applying the rules in different situations. Adding to the complexity are the separate rules that apply upon the death of the participant. In addition, nonspouse beneficiary rollover rules have added a new dimension to plan administration, including the RMD rules.
This program walks you through the RMD rules and the nonspouse beneficiary rollover rules. The program is filled with examples and the kind of detailed information that is difficult to find elsewhere.
- Required beginning dates
- Lifetime RMDs
- Designated beneficiaries
- RMDs after death
- Nonspouse beneficiary rollovers
- RMD correction
After the seminar, attendees should be able to:
- Determine a participant’s required beginning date
- Calculate a lifetime required minimum distribution
- Determine the validity of a beneficiary designation
- Identify the distribution calendar year
- Calculate an annual death RMD
- Distinguish between death distribution alternatives
- Process a nonspouse beneficiary rollover
Speaker: David Schultz, J.D.
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