SECURE Act Proposed Regulations FLEXCAST

Overview

The SECURE Act proposed regulations were finally issued on February 24th, 2022. Bob Keebler, CPA/PFS, takes you through the regulations at the 90-day comment period, after which they will go back and work on the final regulations. These regulations contain some controversy, and the leading experts believe there are some problems that will be cleaned up during the review process. This course will take you through what you will need to know about the proposed regulations.

Highlights

Foundation Concepts. Stretch Out IRAs. 401(a)(9) Regulations. Death Before RBD. Eligible Designated Beneficiary Defined. Trusts as Beneficiaries. Post-mortem Distributions.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Responding to the “10-Year Rule”- Current law compared to the 10-Year Rule. Foundation concepts- Importance of planning, disposition after death, IRAs at death, ERISA plans at death. Stretched out IRAs- deaths before the SECURE Act, “Inherited” IRA, income in respect of a decedent (IRD). 401(a)(9) Regulations- required beginning date, Required minimum distribution, Pre-SECURE current law. Regulations table of contents- Section 1. 401(a(9)-0, Death before required beginning date- Section 1. 401(a)(9)-3, Determination of the designated beneficiary- Section 1. 401(a)(9)-4, Required minimum distributions from defined contribution plans- Section 1. 401(a)(9)-5, Rollovers and transfers- Section 1. 401(a)(9)-7, Special rules Section 1. 401(a)(9)-8, Life expectancy and distribution period tables- Section 1. 401(a)(9)-9, Distribution requirements for IRAs- Section 1. 408-8. Death before RBD- Section 1. 401(a)(9)-3 Summary. Determination of the designated beneficiary. Eligible designated beneficiary defined. Trusts as beneficiaries. RMDs from DC Plans. Post-mortem distributions. Rollovers and Roth Rollovers. Extensions & Exceptions. Distribution requirements for IRAs. Excise tax on accumulations in qualified retirement plans Section 54. 4974-1.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.