RMD Relief? No Thank You!

By Sarah Brenner, JD
Director of Retirement Education

The IRS unleashed massive confusion last year. To the surprise of many, it released proposed SECURE Act regulations requiring beneficiaries (on some occasions) to take required minimum distributions (RMDs) during the 10-year payout period.

How the Roth IRA 5-Year Rule Works

IRS Delays Effective Date of Mandatory Roth Catch-up Rule Until 2026

What You Need to Know if You Name Minor as Your IRA Beneficiary

Anomalies and Exceptions

The Age 50 Exception and the Still-Working Exception

What Are The Rules for Penalty-Free Higher Education Expense Withdrawals?

3-Year Statute of Limitations – Missed RMDs

New Law May Lower RMDs When Annuity Is Annuitized – But IRS Guidance Needed

IRA Beneficiary Payout Rules – the Madness Continues

Successor Beneficiaries and IRA Rollovers

Q: If I have the beneficiaries on my IRA listed as my wife (50%) and two children over 21 (50%), is my wife still able to move her half of the IRA into her existing IRA when I am gone? Or does having the adult children as partial beneficiaries inhibit her ability to do a spousal rollover to combine it with her existing IRA?

Answer

Have a question for America's IRA Experts?
Email your questions to us at [email protected]. Selected questions will be featured every Thursday in the Slott Report.

Kiplinger: New Inherited IRA Rules Could See Heirs Get a Big Tax Bill

Wall Street Journal: Answers to Retirement's Tricky Tax Questions

InvestmentNews: IRS Delays Mandatory Roth Catch-Up Provision Until 2026

Complimentary Webcast Featuring Ed Slott and
Live Q&A With America's IRA Experts

As the rubber meets the road for SECURE 2.0, many unanswered questions hang in the balance with the IRS and Congress. Join us for a timely conversation with Ed Slott discussing:

• Technical corrections
• IRA annuity RMD issues
• Roth 401(k) planning for high-income employees
• New surviving spouse options for 2024
• RMD relief and penalty waivers

Up-to-the-Minute IRA Education

With the SECURE Act 2.0 and updated RMD rules, your clients will have more questions than ever!

As news continues to break, this live training will prepare you to answer the top questions from your clients, prospects and centers of influence. Join America's IRA Experts to take advantage of timely planning strategies, including:

• The most-up-to-date IRA expertise, including new opportunities and planning considerations stemming from the SECURE Act, the SECURE Act 2.0 and new RMD regulations
• An action plan to implement into your business immediately to protect your clients and prospects from avoidable (and costly) planning errors
• A 400+ page manual to take home and use as a practical reference guide
• Continuing education credits
• Built-in networking and Q&A Time
  

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Promo code expires October 31, 2023
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The IRA Success program is now updated to reflect the recent passage of the SECURE 2.0 Act into law.

Ed Slott and Company's IRA Success, powered by The American College of Financial Services®, is an innovative 12-course program that combines the expertise and clear-cut language of Professor of Practice Ed Slott, CPA and his team of IRA Experts with The College's proven pedigree in e-learning design and delivery.

The Great Retirement Debate

On The Great Retirement Debate, financial heavyweights Ed Slott, of Ed Slott and Company, and Jeffrey Levine, of Buckingham Strategic Wealth, go head to head discussing critical topics in the retirement landscape.

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