Understanding IRA Required Minimum Required Distributions 2019 | American Bankers Association (ABA) | 21 November 2019 |
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| Event Date | Thu Nov 21 EST (about 5 years ago) |
| Region | All |
Details
This live, one-hour webinar explores required minimum distributions (RMDs), which are obligatory for most IRA holders once they reach the age of 70 1/2. There is a large penalty of 50% for failing to distribute this minimum amount. Walk through the process of calculation, financial institution reporting requirements and other issues that will assist you in answering client questions.
Topics to be covered:
• Required Minimum Distributions (RMDs)
• Penalty for RMD failure
• RMD calculation
• Special RMD rules
• Qualified trusts
• RMD aggregation
• RMD notice
• Roth IRA RMDs
Discussion Highlights:
• When a Required Minimum Distribution (RMD) must begin for the IRA holder
• How to calculate and report an RMD
• An IRA holder’s recourse if an institution fails to distribute timely
• How death or divorce affects an RMD
Audience
• Trust Officers
• Estate Planners
• Trust Counsel
• IRA Services Managers
• Wealth Managers
• Private Bankers
• Trust Tax Professionals
• Financial Planners
• Retirement Services Managers
• CTFAs, CISP, CRSP, CFPs, and CPAs
Speakers
2019 Speakers
John Paul Ruiz QKA CISP
Director of Professional Development, The Entrust Trust Company
Phoebe Papageorgiou
Vice President, Trust Policy, American Bankers Association (moderator)