Retirement Planning; IRA's

Overview

Having sufficient assets to live a comfortable and secure retirement is one of the concerns that many people face. This concern cannot be resolved without having a solid retirement plan. In this course, we will discuss the fundamentals of IRAs, stating the rules related to contributions and distributions and highlighting the effect of the recent tax law changes on the planning process.

Highlights

• IRA Types & Basic Requirements
  • MAGI Thresholds for Traditional & Roth IRA's
  • IRA Distributions
  • Handling Coronavirus Distributions
  • Handling Roth IRA Distributions
  • Required Minimum Distributions
  • Qualified Charitable Distributions (QCD's)

Prerequisites

None

Designed For

CPAs and financial advisors who want to know more about the basic theory and concepts behind financial planning utilizing IRAs.

Objectives

• State who may contribute to a Traditional IRA and a Roth IRA
• Recognize how recent legislation has affected the taxation of IRAs
• Identify contribution, distribution, and RMD planning considerations when working with IRAs

Preparation

None