Surgent's Top 20 Questions Advisors Ask About the SECURE Acts and Other IRA Rules

Overview

It takes a while for advisors to gain an in-depth understanding of all the changes made to the tax laws that govern IRAs. This course focuses on the top 20 advisor questions about SECURE Act 1.0, SECURE Act 2.0, and other hot topics. The objective is to help the advisor ask the right probing questions when interacting with clients and to provide clients with responses based on their IRA profiles.

Highlights

SECURE Acts and the 10-year rule
Roth IRA beneficiary options
Where the stretch IRA really ends
The new limitations for spouse IRA beneficiaries
The new spouse options for spouse beneficiaries
New RMD rules for Roth 401(k)s
Overriding the 10-year rule for an eligible designated beneficiary
How the age of death affects beneficiary options
The new early distribution penalty exceptions
Rollovers vs. transfers for spouse beneficiaries
Qualified charitable distributions (QCDs) for owners and beneficiaries
The “at least as rapidly” (ALAR) rule
New reduced rate for excess accumulation penalty on RMD failures
How to avoid unlimited accrual of the 6% excise tax
How to avoid unlimited accrual of the 25% excise tax
Clarifying the definition of disability for an exception to the 10% additional tax
529 to Roth: who, what, when, and how
The new starting ages for RMDs
Designated vs. eligible designated beneficiaries and their options
Catch-up contributions for ages 50 and over
Catch-up contributions for ages 60 to 63
When the 60-day deadline is missed
When the one-per-year rollover limit is about to be broken
Retaining qualifications for exceptions to the 10% additional tax

Prerequisites

None

Designed For

All practitioners advising clients on these complex issues

Objectives

Understand the new distribution options for beneficiaries, as clarified by the proposed RMD regulations for SECURE Act 1.0
Communicate to clients new opportunities for participants and beneficiaries to avoid excise tax and costly penalties
Talk to clients about implementing unique tax-saving opportunities for spouses and other eligible designated beneficiaries
Be well versed in other recent developments that affect IRAs and employer plans