Withdrawal recommendations are a well-known aspect of retirement planning, but relying on the same default strategies can expose clients to unnecessary taxes, penalties, and missed planning opportunities. With a complex mix of standard rules and lesser-known exceptions governing retirement accounts, advisors must go beyond the basics to achieve tax-efficient outcomes. In this webinar, Tim Steffen provides a comprehensive overview of key income tax considerations affecting retirees, including withdrawal strategies from retirement accounts, Roth account rules, and Required Minimum Distributions (RMDs).
He then breaks down how different types of distributions are taxed, highlighting key nuances such as the pro rata rule, rollover requirements, penalty exceptions, Qualified Charitable Distributions (QCDs), and the strategic use of Net Unrealized Appreciation (NUA). Advisors will gain practical insights into advanced planning strategies to reduce taxable income around retirement withdrawals.
Learning Objectives:
- Evaluate tax implications and planning strategies for withdrawals from traditional retirement accounts and employer plans, including rollovers and penalty exceptions.
- Apply the pro rata and aggregation rules to determine the taxable and non-taxable portions of IRA distributions involving non-deductible contributions.
- Evaluate specialized distribution strategies to improve tax efficiency in retirement, including net unrealized appreciation distributions and qualified charitable distributions.
- Analyze the taxation and ordering rules for Roth account withdrawals, including the two 5-year requirements for tax-free and penalty-free distributions.
- Assess required minimum distribution rules and planning considerations, including timing, aggregation, and strategies to manage their impact on taxable income.
Accessing the webinar:
You can find your custom link by accessing the email confirmations that have been sent to you via email from webinar.host@bigmarker.com. You can also find your individual sign-on link within the downloadable calendar invite for the webinar.
Continuing Education (CE): 1.5 Credits
For attendees who want to receive CE credit for designations managed by the CFP Board, IWI, and American College, we will report your attendance directly to these organizations within 72 hours as long as you enter your certification numbers during registration and attend the live session for at least 75 minutes.
For attendees who want to receive CE credit as an Investment Adviser Representative (IAR), we will report your attendance directly to FINRA within 72 hours as long as you enter your certification numbers during registration and attend the live session for at least 75 minutes. Additionally, Kitces Members must have purchased the IAR Add-on to have their CE reported to FINRA as an IAR.
NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are my/our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions
For attendees who want to receive CE credit as a Certified Public Accountant (CPA), you must attend the live session for at least 75 minutes and complete all polls presented at the live event. A certificate will be provided to you for self-reporting to NASBA.
All attendees who meet the minimum attendance requirement of 75 minutes will also receive a completion certificate that you can use to report CE to other organizations. We don't report for state-level insurance licensing although some states may accept completion certificates if you self-report.
Recordings:
Non-Members: Those who are NOT Kitces.com Members will have access to the recording for 30 days. Though continuing education is available for the live session, the recording is not CE eligible.
Kitces.com Basic & Premier Members: The video presentation and a recording of the live Q&A will be available on the Webinars page in the Members Section. Note: If you were not able to attend the live session for the full 50 minutes, successful completion of a quiz will be required in order to receive CE for viewing the RECORDED VERSION posted to the Members Section.
