The SECURE Act - Responding to the 10 Year Rule FLEXCAST

Overview

After years of proposals, the “stretch” IRA was taken out of the Tax Code by the SECURE Act. The SECURE Act includes many changes to retirement plans, however the most significant change for our estate planning clients is the elimination of the “stretch” IRA in favor of the “10-year rule.” This change will decrease wealth transfer and requires estate plan updates.

Highlights

Stretch Out IRAs. 401(a)(9) Regulations. Fiscal Year Planning. Roth Conversions. Estate Tax Considerations. The New Spousal Rollover Trap. Charitable Remainder Trusts. State Income Tax Planning. Charitable Planning with IRAs.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Understand when the new “10-year rule” applies and the exceptions to the rule. Understand new traps for the unwary created by the “10-year rule” such as the conduit trust disaster and the new spousal rollover trap. Understand potential planning solutions to mitigate the tax-cost of the new “10-year rule” including multi-generational spray trusts, Roth conversions, and naming a CRT as the IRA beneficiary.

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.