As a member of Ed Slott’sElite IRA Advisor GroupSM, Shaun recently completed semi-annual virtual training for the benefit of his clients and team. Training was provided by Ed Slott and Company’s team of retirement experts, including Ed Slott, CPA.
Originally, this training was going to be held in person but due to COVID concerns, it was decided to be held virtually. This ongoing training allows Shaun to offer the most up to date advice tailored to each client’s needs.
The online workshop provided in-depth technical training on advanced retirement account planning strategies, estate planning techniques and new tax laws, as well as an in-depth look at the new retirement planning landscape since both the SECURE Act and CARES Act ushered in several significant tax and retirement planning laws since January 1.
A few training highlights include:
- The CARES Act: 2020 RMD waiver, coronavirus related distributions and changes to plan loan
- SECURE Act: provisions and changes effective for the current year
- SECURE Act special needs trusts
- Elimination of stretch IRA for most beneficiaries
- 5 stretch IRA alternatives
- New 10-year payout rules for beneficiaries
From the elimination of the stretch IRA to the 2020 RMD wavier and penalty-free early distributions, there are so many new rules and laws and many Americans are unsure how to navigate their retirement plans this year. Through Shaun’s membership with Ed Slott’sElite IRA Advisor GroupSM, he is constantly studying the latest retirement laws and strategies.
Questions about 2020 tax and retirement law changes? Contact Shaun at Oxford Planning