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OnDemand Course

The Basics of a 401(k) Retirement Plan for Retiring Employees

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.

58 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What's in My 401(k) Plan?

  • Salary Deferral Contributions
  • Matching Contributions
  • Roth Contributions

What Are My Options When I Become Entitled to a Distribution?

  • Leave My Money in the Plan
  • Take a Distribution Without Rolling It Over
  • Rollover to Another Plan or IRA

What Are the Tax and Financial Costs of Each Distribution Option?

  • Plan Fees
  • Income Taxes
  • Penalty Taxes

When Do I Have to Start Taking Distributions?

  • Lifetime Required Minimum Distributions
  • Post-Death Required Minimum Distributions

Whom Should I Name as My Beneficiary?

  • Spouse
  • Children
  • Trust
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on August 28, 2023.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Robert J. Lowe

Robert J. Lowe

Mitchell Silberberg & Knupp LLP

  • Partner in the Los Angeles office of Mitchell Silberberg & Knupp LLP
  • Heads the employee benefits and executive compensation practice
  • Practice includes all areas of employee benefits and executive compensation including qualified and nonqualified retirement plans; multiemployer pension and health plans; benefit plan issues in mergers and acquisitions; benefit plan investments in venture capital and real estate; equity incentive and nonqualified deferred compensation plans; group health plans including cafeteria plans and COBRA; benefit plans and executive compensation arrangements for employees of tax-exempt entities; income and estate tax planning for receipt of large distributions from retirement plans; and negotiating and drafting executive employment agreements
  • Has written many articles and speaks frequently on employee benefits issues
  • Law degree, University of California, Berkeley (Boalt Hall); undergraduate degree, State University of New York at Binghamton
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409620
Published 2023
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