Distribution Planning

Overview

This course presents an in-depth look at distribution planning for retirement and provides a clear understanding of the complex rules that govern distributions from qualified plans and IRAs. It provides a review of the basics of qualified employer plans, traditional IRAs, and Roth IRAs and then explains in detail the requirements that apply to premature distributions, required distributions, and distributions at death. The course explores various distribution options, including lump-sum, periodic withdrawals, and annuitization. The course covers other distribution options (loans and hardship withdrawals) and explains the rules for rollovers and conversions. It also explores strategies for multi-generational wealth planning and distribution, including the use of life insurance trusts and stretch IRAs.

Learning Objectives

Upon completion of this course, students will be able to:

  • differentiate between the types of distributions that may be taken from defined benefit plans, defined contribution plans, and IRAs
  • recognize how distributions from retirement plans are taxed
  • pinpoint when the penalty tax will apply to distributions before age 59 ½ and the exceptions to this rule
  • demonstrate an understanding of the required minimum distribution rules that apply to qualified employer plans and traditional IRAs
  • distinguish between the distribution at death rules that spousal and nonspousal beneficiaries must follow
  • identify the types of retirement plans that allow loans and hardship withdrawals and the rules that apply to these distributions articulate the rules that apply to rollovers from retirement plans

Designed For

Life and health insurance producers; financial advisors and planners

Prerequisites

There is no formal prerequisite for the course; however, an understanding of qualified plans and financial products would be beneficial.

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.
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