IRA Series: Final IRA RMD Regulations, Deadlines, Calculations, Reporting & More
Do you know the ins and outs of the final RMD regulations that were issued last July? With an effective date of 1/1/25, it’s a great time to assess whether your policies, processes, and personnel require changes to conform to the new regulations, deadlines, calculations, etc.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- List the IRA types to which RMDs apply
- Recall the required beginning date for IRA owners
- Explain how to arrive at the IRA balance for RMD calculation purposes
- Name the table used for most RMD calculations – and the exception to the rule
- Calculate required minimum distributions
- Describe the statement and reporting requirements tied to required minimum distributions
WEBINAR DETAILS
On July 18, 2024, the Treasury Department and IRS issued highly anticipated final required minimum distribution (RMD) regulations. The 260-page regulatory guidance confirms numerous IRS positions in the previously published proposed RMD regulations, provides greater clarity on a range of RMD topics, and reflects IRS changes or clarifications made in response to extensive industry feedback and private letter ruling requests. Given the 1/1/25 effective date, you have your work cut out for you as you review current policies and procedures to identify changes that must be implemented to comply with the final regulations. This webinar will also address areas where you may be at a bit of a crossroads in determining your future service model given changes in financial institution requirements.
WHO SHOULD ATTEND?
This informative session is directed toward frontline staff who field questions about RMDs, those who run calculations on the fly, back-office personnel who spot-check RMD reports, and those working with platforms to implement and test systems updates, etc.
