** VERSION 2022 IS NOW AVAILABLE! **
** §1.401(a)(9) TABLE UPDATED FOR 2022+ | ** SECURE ACT UPDATES INCLUDED! **
Retirement Distributions LIVE (RDL) is a web application that calculates the required minimum distributions (RMDs) for several qualified plan types, such as:
Retirement Distributions LIVE (RDL) includes seven models illustrating RMDs and SEPP calculations. The current models are based on different scenarios, such as during the owner's lifetime, spousal rollover, non-spousal beneficiaries. The application inputs allow for contribution streams to the qualified plan, as well as additional distribution options outside of the RMD calculations. The program generates high-quality data-driven reports and has been updated to reflect the changes to §1.401(a)(9) that went into effect 01/01/2022.
** CHANGES for IRS Notice 2022-6 EFFECTIVE 1/18/2022 INCLUDED! **
** CHANGES TO §1.401(a)(9) TABLES EFFECTIVE 1/1/2022 INCLUDED! **
** SECURE ACT AND CARES ACT UPDATES INCLUDED! **
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Retirement Plan Analyzer is priced at $595 for a single initial license, including twelve months of coverage (updates sent as released based on tax law changes). Future annual renewal coverage is $185 for a single license.
A current desktop version of Windows is required.
We guarantee your satisfaction with a 30-day money back guarantee.
For multiple licenses or enterprise licensing, please call 803-781-9595.
** VERSION 2022 NOW AVAILABLE FOR DOWNLOAD! **
Brentmark's Retirement Distribution Planner (RDP) (Desktop) is a detailed and robust program that calculates the required minimum distributions for several qualified plan types, such as IRA, Roth IRA, 401(k), Roth 401(k), with some key features:
The Retirement Distributions Planner is now available in both a desktop application or our new LIVE online single user/enterprise formats. Both versions have been updated to reflect changes made by the SECURE ACT.
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by: Denise Appleby, CISP, CRC, CRPS, CRSP, APA
** Updated for The CARES Act **
** Updated for The SECURE Act **
** PLEASE NOTE: This file will be delivered to you as a link to download the .pdf file. There is no physical book to be delivered. **
Brentmark Presents: Denise Appleby, MJ, CISP, CRC, CRPS, CRSP, APA
10 Key Rules for Mastering the SEPP Exception to the 10% Early Distribution Penalty for IRAs and Employer Plans Based on IRS Guidance Published in 2022.
Introduction
The IRS recently issued Notice 2022-06, in which they provide guidance on distributions made under a substantially equal periodic payment (SEPP) program. Distributions taken under a SEPP program are exempt from the 10% early distribution penalty that applies to early distributions from IRAs and employer-sponsored retirement plans. Notice 2022-06 applies to SEPP payments that commence on or after January 1, 2023, and may also be applied to those that commence in 2022. Notice 2022-06 restates some of the existing SEPP rules and explains what has changed. This booklet covers the 10 key elements of Notice 2022-06.
The Purpose of SEPPs
Distributions taken from an IRA or account under an employer-sponsored retirement plan (employer plan) before the owner of the account (account owner) reaches age 59 ½ (early distributions) are subject to a 10% additional tax (early distribution penalty) unless an exception applies. The purpose of a SEPP program is for distributions taken under the program to qualify for an exception to this early distribution penalty.