NAIFA Rhode Island

New RMD Rules and IRA Trusts CE

  • Thursday, January 07, 2021
  • 9:00 AM
  • Virtual

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I’ve Inherited an IRA; Now what?

The SECURE Act ushered in new legislation which makes significant changes for Individual Retirement Account (IRA) beneficiaries.  Join us as we discuss the old and new Required Minimum Distribution (RMD) rules.  We will provide an overview of RMD Basics, including RMD payout periods, RMD beginning dates, and the new eligible designated beneficiary (EDB) rule, as well as techniques for communicating these changes to your clients.

RI submitted for 1 CE credit
MA submitted for 1 CE credit
CT approved for 1 CE credit


Should My Trust be the Beneficiary of My IRA?

Have you ever been asked whether a client’s trust should be named the beneficiary of his or her IRA (Individual Retirement Account or Individual Retirement Annuity)?  It’s a good question, since the trust offers estate planning opportunities, including control of who gets what when.  But naming a trust the beneficiary of an IRA also presents challenges, including perhaps, accelerating how quickly the inherited IRA must be paid out, and as a result, how quickly it will be taxed.  This presentation explores both the opportunities and challenges of naming a trust the beneficiary of an IRA and offers some alternative planning strategies.

RI submitted for 1 CE credit
MA submitted for 1 CE credit
CT approved for 1 CE credit


ABOUT THE SPEAKER

Michael Bitton, CFP®, CIMA®, CLU®, MSFS, RICP®

Retirement Strategies Group Consultant Retirement Solutions Division at Pacific Life Insurance Company

Michael Bitton is a Retirement Strategies Group Consultant with Pacific Life Insurance Company. Michael brings over 20 years of industry experience to his role, including experience in retirement income planning, financial planning, estate planning and advanced sales concepts. Prior to joining Pacific Life, Michael worked at MetLife Investors (now Brighthouse Financial) most recently, as Director of the Advanced Sales Center, in which he led a dynamic advanced planning team. Prior to his role there, Michael worked at VISA U.S.A., Sanford C. Bernstein & Co., and T. Rowe Price.



Contact Us

National Association of Insurance and Financial Advisors of Rhode Island

2400 Post Road
Warwick, RI 02886

Phone: 401-739-2977

Email: hello@naifari.org

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