RET.11.HO.7 - 2015MoneyEducation 11th Edition RETIREMENT...

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©2015 Money Education Retirement Planning, 11th Ed. Chapter 7 1 © 2015 Money Education CH 7 | Distributions from Qualified Plans 1 Retirement Planning and Employee Benefits CHAPTER 7: DISTRIBUTIONS FROM QUALIFIED PLANS 11 th Edition RETIREMENT PLANNING AND EMPLOYEE BENEFITS Michael A. Dalton | James F. Dalton © 2015 Money Education CH 7 | Distributions from Qualified Plans 2 Retirement Planning and Employee Benefits Chapter 7: Learning Objectives 1. Explain the distribution options available to participants from qualified plans. 2. Understand the differences between QJSAs, QPSA and QOSAs. 3. Understand how distributions from qualified plans are taxed and the exceptions to the general rule. 4. Describe the rules regarding rollovers, including rollovers attributable to Roth IRAs and Roth accounts. 5. Calculate the taxable portion of a distribution that partially consists of after-tax contributions or other basis. 6. Discuss the rules surrounding loans from qualified plans. 7. Understand the additional 10 percent penalty on distributions from qualified plans and the exceptions to the penalty. 8. Understand and calculate minimum distributions for participants and beneficiaries. 9. Understand the creditor issues surrounding inherited IRAs and how to plan for the issue. © 2015 Money Education CH 7 | Distributions from Qualified Plans 3 Retirement Planning and Employee Benefits Pension Plan Distribution Options No in-service withdrawals for participants under age 62 At participant’s death: Distributed to beneficiary, or Participant’s estate At participant’s disability: Distributed to participant
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