Course Description

In more recent years, Required Minimum Distributions (RMDs) have undergone significant tax changes. Inherited IRAs have become particularly tricky for practitioners. Is the 10-year rule for inherited IRAs the same as the 5-year rule for non-designated beneficiaries? What about minor beneficiaries? Can they still use the stretch provisions? In this lifecycle financial planning course, we will explore these topics as well as give a refresher on basic RMD rules. If you are a financial advisor or a tax practitioner, this course is a must!

Learning Objectives

  • Identify the correct age in which RMDs need to begin after recent tax legislation

  • State differences between RMDs for IRAs and Qualified Plans

  • Recognize how RMDs are treated for inherited IRAs

Additional Required Materials

  • Level: Intermediate

  • Field of Study: Taxes (NASBA); Tax Planning (CFP); Federal Taxation (IRS)

  • Who Should Attend: Financial professionals, CPAs, Enrolled Agents who want to make sure they meet the compliance requirements for RMDs in light of recent tax legislation.

  • Required Knowledge: Basic knowledge of retirement plans and IRAs

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.