Preconference: Final SECURE Act RMD Regulations Meets the Great IRA Wealth Transfer

Join Denise Appleby for an in-depth presentation designed to equip advisors with the knowledge and tools needed to navigate the recently published regulations on RMDs. Included in the presentation will be changes made by SECURE Act and SECURE Act 2.0.

The IRS published final regulations for required minimum distributions (RMD) on July 19, 2024. These regulations came just in time for advisors to integrate RMDs (for IRA owners and beneficiaries) with the great wealth transfer on our doorsteps. On July 19, 2024, the IRS published final regulations for required minimum distributions (RMD). These timely regulations are crucial for advisors as they prepare to integrate RMDs for IRA owners and beneficiaries into their planning strategies, especially in light of the impending Great Wealth Transfer. 

Objectives

• Explain the new RMD rules that apply to IRA owners and plan participants.
• Describe the new distribution options that apply to the different classes of beneficiaries.
• Demonstrate the three 10-year rules that apply to beneficiaries.
• Evaluate unique planning strategies for spouse beneficiaries. 
• Demonstrate strategies to mitigate taxes and avoid penalties on RMD shortfalls for participants and beneficiaries.

This program includes changes made by SECURE Act and SECURE Act 2.0