Avoiding Retirement Plan Distribution Disasters

With: Kelly Lent-Paul

Avoiding Retirement Plan Distribution Disasters

Session#: 934-12

Baby Boomers are the first generation to rely primarily on personal savings in IRAs and 401(k)s as a major source of retirement income. The need for advice on how to take distributions will skyrocket in the coming years. Tax professionals and financial planners are in the best position to help educate taxpayers about how to maximize the after-tax benefits from these plans. This session looks at the various exceptions to the 10% penalty for both IRAs and 401(k)s, how to take strategic distributions to minimize taxes, the impact of naming various beneficiaries, and why you need to encourage your pre-retiree clients to contribute to their retirement accounts. We use case studies to illustrate various planning opportunities.

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  • Avoiding Retirement Plan Distribution Disasters

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