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Live Long and Withdraw: A Review of IRA RMD Requirements

Earn Two CE with Lawrence Pon, CPA/PFS, CFP, EA, USTCP, AEP

Self-Study IRS Program number: X9QQU-U-00615-19-S

Course Description
The IRS recently released proposed regulations that will modify the Required Minimum Distribution (RMD) tables for the first time since 2002. The new tables take into account the current mortality data which means life expectancy is now longer. The IRS thinks you are living longer.

Upon completion of the course, participants should be able to:

  • Analyze RMD requirements for participants with retirement plans and owners of individual retirement accounts.
  • Review the timing of when RMDs need to be taken.
  • Describe the three tables that are used to compute RMDs.
  • Review the Substantial Equal Periodic Payments (SEPP) when an IRA owner can avoid the early distribution penalty and the new proposed regulations will affect them.
  • Review the circumstances when you can make an adjustment and when to blow the SEPP.
  • Review the impact of the proposed regulations and understand the transitional rules.
  • Review the difference in the amount of distributions under the old tables vs. the new tables.