Wednesday, July 24 | 2:50 p.m. - 4:30 p.m. | Concurrent Session
Accessing Retirement Funds Before Age 59½
2 CPE for AFSP, EA, CFP®, CPA, CRTP
To discourage the use of IRA distributions for purposes other than retirement, account owners are assessed a 10% penalty on early distributions from IRAs and employer plans unless an exception applies. The SECURE Act 2.0 added six new exceptions to the 10% penalty for early withdrawal from retirement accounts.
Objectives
Upon completion of this session, you will be able to:
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Define qualifying distributions from retirement accounts
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Review the previous exceptions to the penalty for early withdrawal
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Discuss the new exceptions to the penalty for early withdrawal
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Summarize how to report exceptions to the penalty on Form 5329
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Explore ways to help your clients save for retirement while also building an emergency fund to avoid early withdrawal penalties
CPE information
Duration: 100 minutes
Course level: Update
Prerequisite: General understanding of retirement distribution taxation
Advanced preparation: None
Delivery method: Group Live
