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Required Minimum Distributions: What’s Old, Current, and Coming

REQUIRED MINIMUM DISTRIBUTIONS: WHAT'S OLD, CURRENT, AND COMING

Cost Free
Presentation Length 1.0 hour

Recorded DateAugust 30, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaSpecialized Knowledge
Course LevelBasic
Course Description

Required minimum distributions (RMD) must begin for the year in which the account owner reaches age 72 unless an exception applies. Failure to comply with the RMD rules will result in the account owner owing the IRS a 50% excess accumulation penalty on any RMD shortfall. RMDs must also be taken from inherited accounts, and the process for determining RMDs for these accounts is more complex than those that apply to RMDs for non-inherited accounts. Interested parties must understand the compliance requirements that apply to RMDs to be able to assist in ensuring that penalties are avoided.

Learning Objectives:


  • Define an RMD so that clients know the minimum amounts to distribute

  • Calculate RMDs and make adjustments when IRA custodians fail to

  • Identify the individuals and accounts that are subject to the RMD rules

  • Identify the RMD mistakes that can occur, how to avoid such mistakes, and how to correct them where possible

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Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA tools and resources for financial, tax, and legal professionals. She has over 20 years of experience in the retirement plans field, including providing training and technical consultation to financial, tax, and legal professionals.

Denise writes and publishes quick reference guides, booklets, and marketing tools for advisors, which are available at http://irapublications.com.

Denise co-authored The Roth IRA Answer Book, The SEP, SIMPLE, SARSEP Answer Book, Quick Reference to IRAs, all three published by Aspen Publishers; and The Adviser's Guide to Retirement Plans for Small Businesses, published by AICPA.

Denise has provided training, including CE approved courses, on the rules and regulations that govern IRAs, SEP IRAs, SIMPLE IRAs, and employer-sponsored qualified plans to thousands of financial advisors, other financial professionals, as well as tax and legal professionals.

Denise is a graduate of The John Marshall Law School, where she obtained a Master of Jurisprudence in Employee Benefits and has earned five professional designations in the field of retirement account rules and regulations.

Denise is also the creator and CEO of www.retirementdictionary.com, a free consumer website containing a wealth of information about retirement accounts rules and regulations. She has appeared on TV programs that include CNBC's Business News, Fox Business Network, The Street, and numerous radio shows; during which she shared her insights on retirement tax laws, and has been quoted in the Wall Street Journal, Investor's Business Daily, CBS Marketwatch's Retirement Weekly, The Street, and other financial publications.

About Our Presenter

Apple2
Appleby Retirement Consulting Inc. provides a wide range of retirement products and services to financial, tax, and legal professionals. Our primary goal is to help prevent mistakes from being made with retirement account transactions; and where possible, provide solutions for mistakes that have already been made.