Retirement Distributions Planning after the SECURE and CARES Act
Author: Klaralee R. Charlton
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC |
Analyzing retirement plan distributions is hard enough without the uncertainty of a global pandemic. The changes implemented by the Secure Act and Cares Act add another layer of complexity for taxpayers nearing retirement or reevaluating distribution plans in light of current market conditions. This course will review the retirement plan distribution changes implemented by the Secure Act and Cares Act and analyze various distribution options based on client circumstances and goals.
Publication Date: June 2020
Designed For
Attorneys, CPAs, and Enrolled Agents.
Topics Covered
- Legislative history of the Secure Act and Cares Act
- Retirement plan contribution limits
- Retirement plan distribution changes
- Retirement saving during unstable market conditions
- Withdrawal options for retirement plan beneficiaries
- Estate planning with retirement accounts
Learning Objectives
- Describe the changes implemented by the Secure Act and Cares Act
- Recognize how to analyze employees' options for withdrawing retirement funds with an eye toward overall tax savings
- Identify the options available to beneficiaries inheriting retirement accounts
- Recognize how to recommend estate planning techniques to achieve client goals in light of modified withdrawal options
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of retirement plans.
Advance Preparation
None
