Description
Understand the different options for taking distributions from a 401(k) plan and the financial consequences.
Individuals entitled to distributions from 401(k) plans confront numerous options for taking plan distributions, rolling them over to an IRA or another plan, and designating a beneficiary. This presentation will explain the different options for taking distributions from a 401(k) plan, the tax and financial consequences of the different options, the rules for when participants must commence distributions, and the pros and cons of different beneficiary designations.
Date: 2023-08-28 Start Time: 1:00 PM ET End Time: 2:00 PM ET
Learning Objectives
* You will be able to describe the various options available to a participant entitled to a distribution from a 401(k) plan.
* You will be able to discuss the tax consequences of the different plan distribution options.
* You will be able to explain the rules for determining required minimum distributions.
* You will be able to recognize the pros and cons of different beneficiary designations.