FIS Relius

Each year as your clients get older, the required minimum distribution (RMD) rules become more important. The importance of the rules is amplified by the fact that a mistake not only results in possible disqualification but also a significant penalty tax (50%).

Since many practitioners only encounter the RMD rules on an infrequent basis, they struggle with applying the rules in different situations. Adding to the complexity are the separate rules that apply upon the death of the participant. In addition, nonspouse beneficiary rollover rules have added a new dimension to plan administration, including the RMD rules.

This program walks you through the RMD rules and the nonspouse beneficiary rollover rules. It is filled with examples and the kind of detailed information that is difficult to find elsewhere

Topics include:

• Required beginning dates
• Lifetime RMDs
• Designated beneficiaries
• RMDs after death
• Nonspouse beneficiary rollovers

There are no prerequisites or other advanced preparation for this program. At least 1 year of experience in working with qualified retirement plans is recommended.

Level: Beginner

NASBA Field of Study: Taxes

Objectives: After attending this Web seminar, an attendee should be able to:

1. Determine a participant’s required beginning date
2. Calculate a lifetime required minimum distribution
3. Determine the validity of a beneficiary designation
4. Identify the distribution calendar year
5. Calculate an annual death distribution
6. Distinguish between death distribution alternatives
7. Process a nonspouse beneficiary rollover

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