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Lifetime and Death RMD Calculations [2019]
Presentor: David Schultz Recorded Date: 7/23/2019 Duration: 60 Min.

Description
This program was recorded during a live presentation given on July 23, 2019.
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The importance of the Requirement Minimum Distribution rules is not to be understated. This reality is amplified by the fact that a mistake not only results in possible disqualification of the plan but also a significant 50% penalty tax on the participant. Many practitioners only encounter the RMD rules on an infrequent basis and 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. The program 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
  • RMD correction
Prerequisites:

There are no prerequisites and no advance preparation required for this program. However, an attendee should have an understanding of the fundamental rules and concepts of 401(k) administration and testing and have a minimum of two years of experience.

Level: Intermediate
Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives: After the seminar, attendees 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 RMD
  6. Distinguish between death distribution alternatives
  7. Process a nonspouse beneficiary rollover

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