This course begins with a review different distribution options and requirements and then explores methods to analyze the income tax implications or penalties. It then leads students into techniques to analyze the best retirement plan for a given scenario.

7–1 Identify the characteristics of retirement plan distributions.
7–2 Analyze a situation to determine the income tax or benefit payment implications or requirements of a retirement plan distribution.
7–3 Identify and analyze lump-sum options available to participants, including rollovers.
7–4 Identify minimum distribution requirements and distribution alternatives to calculate the required minimum distribution.
7–5 Identify a requirement for an IRA or qualified retirement plan distribution resulting from the death of the participant.
7–6 Use the appropriate distribution requirements and characteristics to calculate the taxable income on distributions from nondeductible and nontraditional IRAs and other less common distributions.
7–7 Analyze and choose the best retirement plan for a given scenario.

Author: Kristen MacKenzie, MBA, CFP®, CRPC®

Kristen MacKenzie, MBA, CFP®, CRPC® is an associate professor at the College for Financial Planning. Kristen has over 20 years of experience in the financial services industry, both as an active financial planner and as a provider of financial education. She graduated from the University of Connecticut with a degree in economics and later received her MBA at the University of Colorado. You can contact Kristen at kristen.mackenzie@cffp.edu.

Complexity Level: Intermediate