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Retirement Issues for Individuals in 2024-25
- Updated contribution limits for traditional IRAs and Roth IRAs,
- Review the updated contribution limits for employer sponsored plans,
- Introduction to the new Qualified Longevity Annuity Contract rules,
- Present the current status of the RMD rules for retirement plans,
- Review the RMD rules that are applicable to inherited IRAs,
- Discuss the rules applicable to a backdoor Roth IRA contribution,
- Appreciate the planning value of different retirement investments.
Overview of the webinar
The ability of individuals to personally save for retirement has been an ever-changing scene with Congress making changes to the contribution limits, required minimum distribution rules, and the penalty exceptions.
More recently, the SECURE Act of 2019 and the SECURE 2.0 Act of 2022 have been signed into law introducing some new tax code sections pertaining to retirement income for businesses and individuals. Some of these provisions became effective in 2022 and others did not become applicable until calendar year 2024 and thereafter. Since the signing of this tax bill into law, Treasury has issued several technical corrections for some provisions while other provisions are awaiting final passage of a Technical Correction Act by Congress.
In this webinar, we review the investment opportunities for individuals to save for retirement, including IRAs, Roth IRAs, Backdoor Roth IRAs, SIMPLE IRAs, and other employer sponsored retirement plans. We discuss many of the SECURE 2.0 Act modifications and additions to the retirement area for individual taxpayers. In addition to the savings element of the laws, there are other provisions that focus on the distribution of these assets to the retiree, which we will discuss. We conclude the webinar by considering some retirement planning opportunities that individuals may consider taking advantage of.
Who should attend?
- Tax preparers
- CPAs
- Accountants
- Financial Planners
- Consultants and Personal Advisors
Why should you attend?
Congress has repeatedly echoed the view that individuals do not save adequately for retirement. To address this issue again, the SECURE Act of 2019 and the SECURE 2.0 Act of 2022 have been tax code sections pertaining to retirement income for businesses and individuals. Some of these provisions became effective in 2022 and others did not become applicable until calendar year 2024 and thereafter. Since the signing of this tax bill into law, Treasury has issued several technical corrections for some provisions while other provisions are awaiting final passage of a Technical Correction Act by Congress.
In this webinar, we review the investment opportunities for individuals to save for retirement, including IRAs, Roth IRAs, Backdoor Roth IRAs, SIMPLE IRAs, and other employer sponsored retirement plans. We discuss many of the SECURE 2.0 Act modifications and additions to the retirement area for individual taxpayers. In addition to the savings element of the laws, there are other provisions that focus on the distribution of these assets to the retiree, which we will discuss. We conclude the webinar by considering some retirement planning opportunities that individuals may consider taking advantage of.
Faculty - Mr.Dr. Anthony Curatola, PhD
Dr. Anthony Curatola’s area of research interest is the taxation of individuals and employee benefits. He has authored over 200 articles in his field and has completed sponsored research. His findings on the source tax have appeared in media such as Forbes, The Washington Post, Wall Street Journal, and The New York Times. He is the editor of the tax column for Strategic Finance, past editor of the Journal of Legal Tax Research, author of Interactive education courses for CeriFi (previously Thomson Reuters). He holds a variety of leadership positions at the Institute of Management Accountants and the IMA Research Foundation. Dr. Curatola earned his B.S. in Accounting ’75 and MBA in Finance ‘77 from Drexel University, M.A. in Accounting ’79 from The Wharton School of the University of Pennsylvania, and Ph.D. in Accounting ‘81 from Texas A&M University.