GENERAL RMD
JONES CALCULATES RMDS FOR CLIENTS
WHAT IS NO
ANOTHER NAME FOR SINGLE LIFE PAYMENTS
WHAT IS STRETCH?
QCD LIMIT PER PERSON
WHAT IS 100K?
COMBINING THE AMOUNTS FOR RMDS
WHAT IS AGGREGATING?
DIVISION AND ASSIGNMENT ALL GO TO THIS DEPARTMENT
WHAT IS ESTATES?
THE AGE A CLIENT BEGINS RMDS
WHAT IS 73?
A LIVING SPOUSE CAN CONTROL A DECEASED SPOUSES IRA
WHAT IS SPOUSE CAN ONLY ROLLOVER INTO A PERSONAL IRA OR CREATE AN INHERITED?
QCDS ARE ONLY ALLOWED FOR ON THESE ACCOUNTS
WHAT IS TRADITIONAL AND ROTH IRAS?
ACCOUNT TYPES THAT AGGREGATING IS ALLOWED
WHAT IS TRADITIONAL, SEP AND SIMPLE IRAS?
WHEN A BENEFICIARY PASSES AWAY; WHO GETS THE INHERITED IRA
WHAT IS A SUCCESSOR BENEFICIARY?
POSSIBLE REASONS AN RMD MAY NOT DISPLAY
WHAT IS TIMING ISSUES AND TRANSFERS/ROLLOVERS?
CAN TAKE A PAYOUT ALL AT ONE TIME BUT HAS TAX IMPLICATIONS
WHAT IS A LUMP SUM?
RMDS IS GROSS AMOUNT TO CLIENT
WHAT IS YES?
AGGRAGATING CAN BE USED WHEN...
THE TIMELINE OF AN INHERITED IRA IS NOT SUITABLE FOR THE CLIENT OVER THEIR OWN IRAS TIMELINE
AUTOREPORTS FORM THAT GOES TO THE IRS WHEN THE RMD IS FILLED
WHAT IS FORM 5498?
THE COMMAND YOU NEED TO SEE ON THE GREEN SCREEN TO VIEW RETIREMENT ACTIVITY SUMMARY
WHAT IS LRA,A,ACCT#?
WHAT DETERMINES THE PAYOUT OPTIONS OFR A BENEFICIARY
WHAT IS DEATH OF ORIGINAL OWNER, BENE TYPE, WAS THE ORIGINAL OWNER AGE ELIGIBLE FOR RMDS?
DISTIBUTION DEADLINE DATES
1ST RMD-APRIL 1ST-YEAR AFTER AGE 73
RMD & QCD-DECEMBER 31ST 73 AND UP
QUALIFIED PLANS AND INHERITED IRAS
WHAT IS NOT ALLOWED TO AGGREGATE?
THIS FORM IS A LETTER OF EXPLANATION WHEN A RMD IS MISSED
WHAT IS A 5329?
REQUIRED ACCOUNTS FOR RMDS
WHAT IS TRADITIONAL, SEP, SIMPLE AND QUALIFIED PLANS?
THE FOUR BENEFICIARY TYPES
WHAT IS SPOUSE, NON SPOUSE, QUALIFIED TRUSTS AND ENTITIES?
PENALTY FOR MISSING RMD DEADLINE
WHAT IS 25%?
HOW DO WE TREAT MULTIPLE RMD ACCOUNTS
WHAT IS CALCULATE INDIVIDUALLY?
RECOMMENDED SPOUSAL BENEFICIARY PAYOUT OPTION
WHAT IS ROLLOVER INTO OWN IRA?