- NY Credits : 9.0
- TX Credits : 9.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 9.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 9.0
49 Tax-Smart Tips for Retirement Savers discusses the various tax-favored options for retirement planning. This course will give the financial planner the information to help clients make the best choice for their retirement savings. The course discusses in detail all the retirement plan options including the new solo 401(k). This includes Roth IRAs and conversions to Roth IRAs. This course also identifies the options for dealing with employer stock held in a retirement account. It gives choices that are available if the client is retiring early or is right at retirement age. If a client is divorcing the strategies for splitting up retirement plans is covered. Lastly, the course covers the ways to handle required minimum distributions. This course is a comprehensive overview of retirement plans and all the steps involved in planning to retire and actual retirement. This course covers the impact made by the Tax Cuts and Jobs Act (P.L. 115-97).
This course is most appropriate for the professional with detailed knowledge in retirement planning who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
identify the best tax-favored options for retirement savers,
identify the key concepts in Roth IRAs,
determine the pros and cons of converting to a Roth IRA,
identify the options of dealing with employer stock held in qualified retirement plans,
determine if a distribution qualifies for a lump sum distribution,
determine the ways to avoid the 10% penalty on early withdrawals of retirement accounts including alternate options for tax smart sources of cash,
identify how retirement saving assets are divided and taxed upon divorce,
identify the best ways to rollover retirement plans and how to handle beneficiaries, and
identify the options available to handle required minimum distributions for original account owners and their beneficiaries.