Traditional IRA Distributions: Optional, Required, Penalties, and Tax Reporting – Denise Appleby
Gain ideas for helping clients take their traditional IRA required Minimum Distributions (RMDs) on time – and avoid penalties.
Distributions from IRAs are usually considered ordinary income and as such, may be subject to income tax.
In some cases, amounts may also be subject to the 10 percent early distribution penalty, if the amount is withdrawn before the IRA owner reaches age 59 ½ . However, there are exceptions.
Additionally, distributions from IRAs are usually optional, until the owner reaches a certain age.
This course will help the student understand the rules that apply to distribution from IRAs, the tax and penalty that may apply to such distributions, and the optional and mandatory rules that apply.
This informative session on traditional IRA distributions will help you gain a better understanding of:
- Exceptions to December 31st required beginning dates
- The tax implications of distributions from IRAs
- The early distribution rules
- When the early distribution penalty applies
- Exceptions to the 10 percent early distribution penalty
- Tax withholding rules – election and application
Your presenter for this course is:
Denise Appleby, APA, CISP, CRPS, CRC®, CRSP, IRA Strategies for Mistakes Prevention Expert
Denise is founder and owner of Appleby Retirement Consulting, Inc, a firm that provides IRA tools and resources for financial and tax professionals. Denise is known for her insights on retirement planning, and her proficiency in explaining complex retirement plan rules and regulations so that they are easily understood. She has made appearances on CNBC’s Business News and being quoted in the Wall Street Journal, Investor’s Business Daily, CBS Marketwatch’s Retirement Weekly and other financial publications
Moderator: Betty Meredith, CFA, CFP®, CRC®, Int’l Retirement Resource Center
1 hr CFP®, CRC®, and other CE Credit Reporting
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Overall Rating: 4.8 / 5
Video and audio MP3 formats available
Specifications: 60 minute webinar course
Knowledge Level: 3 – Intermediate
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