SOP2110. Planning for Distributions from IRAs

This course will focus on the key retirement distribution planning decisions to be addressed in 2021, including planning with the changes required by the SECURE Act of 2019. Who are “eligible designated beneficiaries” permitted to stretch out required distributions, and who are not? Clients’ plans and planning documents may need to be revised in light of the SECURE Act rules. Is 2021 the ideal year to consider a Roth IRA conversion? How should this be analyzed? Which plans are eligible for Roth conversion, and which are not? Should deductible plan contributions continue to be made by high income taxpayers – if withdrawal tax rates will be higher in the future? What do the 2021 tax proposals say about Roth IRA conversions? These and more related issues will be addressed.

Learning Objectives:

• Understand the changes to clients' planning that may be required by the Secure Act.
• Address Roth IRAs and other planning options - what we need to be telling clients now.