Inherited IRAs and Beneficiary Designations

Overview

The SECURE Act introduced significant changes to retirement planning, particularly in the distribution of IRA assets to heirs and beneficiaries. This course explains the rules for inherited IRAs—traditional and Roth—and the requirements for IRA owners and beneficiaries. Given the complexity and potential penalties for mishandling inherited IRA funds, clients need knowledgeable advisors to guide them in making suitable planning decisions.

Find this course for your license

License or Certification

Regulator

Objectives

demonstrate understanding of who can be named an IRA beneficiary, and when and how this is done
distinguish between designated IRA beneficiaries and non-designated IRA beneficiaries
articulate the reasons why the tax laws impose minimum distribution requirements on IRAs
define the differences between required distribution rules for traditional IRAs and those that pertain to Roth IRAs
understand the changes brought about by the SECURE Act with regard to the options for taking inherited IRA assets
recognize the distribution options available to spousal and non-spousal beneficiaries at the death of an IRA owner

Designed For:

Life and health insurance producers and finance professionals

WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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