Chapter 15 Planning With Qualified Plans and Individual Retirement Accounts

Name: Chapter 15 Planning With Qualified Plans and Individual Retirement Accounts
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Index

Section 15.1 Introduction
Section 15.2 Know the Participant’s Goals
Section 15.3 Know the Plan Document
Section 15.4 Qualified Plans
Section 15.5 Individual Retirement Accounts
Section 15.6 Roth Individual Retirement Accounts
Section 15.7 Know the Rules Regarding Plan Distributions
Section 15.47 Problems in Qualifying for Marital Deduction
Section 15.8 What Form of Distribution Should Be Taken?
Section 15.9 Annuity
Section 15.10 Joint and Survivor Annuity (Qualified Joint and Survivor Annuity and Qualified Preretirement Survivor Annuity)
Section 15.11 Qualified Joint and Survivor Annuity—Payments Beginning Before Participant’s Death
Section 15.12 Qualified Preretirement Survivor Annuity—Payments Beginning After Participant’s Death
Section 15.13 Plans Subject to Survivor Annuity Rules
Section 15.14 Plans Exempt From Survivor Annuity Rules
Section 15.15 Waiver of Joint and Survivor Annuity
Section 15.16 Other Exceptions to Survivor Annuity Rules
Section 15.17 Lump-Sum Distribution
Section 15.18 Rollover to Individual Retirement Account
Section 15.19 Advantages of Individual Retirement Account Rollover
Section 15.20 Disadvantages of Individual Retirement Account Rollover
Section 15.21 Installment Payments
Section 15.22 Minimum Distribution Rules and Penalty Taxes—A Brief Look
Section 15.23 “Not Too Early”—Ten Percent Early Withdrawal Penalty
Section 15.24 “Not Too Late”—Fifty Percent Penalty for Failure to Begin Distribution by Required Beginning Date
Section 15.25 “Not Too Little”—Fifty Percent Penalty for Failure to Take Enough
Section 15.26 Minimum Distribution Rules—A Closer Look
Section 15.27 Lifetime Distributions—General Rule—Uniform Lifetime Table
Section 15.28 Death Before Required Beginning Date—Five-Year Rule
Section 15.29 Death After Required Beginning Date— “At Least as Rapidly” Rule
Section 15.30 Who Is to Benefit?
Section 15.31 Check the Plan Document
Section 15.32 Designated Beneficiary Concept
Section 15.33 Naming the Surviving Spouse as Beneficiary—Spousal Rollover
Section 15.34 Individual Retirement Account Rollover
Section 15.35 Naming Children as Beneficiaries
Section 15.36 Multiple Beneficiaries
Section 15.37 Generation-Skipping Transfer
Section 15.38 Naming a Trust as Beneficiary
Section 15.39 Trust Must Be Valid Under State Law
Section 15.40 Trust Must Be Irrevocable
Section 15.41 Beneficiaries of Trust Must Be Identifiable
Section 15.42 Documentation Requirement
Section 15.43 Beneficiaries of Trust Must Be Individuals
Section 15.44 Naming a Credit Shelter (Bypass) Trust as Beneficiary
Section 15.45 Naming a Qualified Terminable Interest Property Trust as Beneficiary
Section 15.46 Spousal Rollover May Not Be Available
Section 15.48 Income Tax Problem With Pecuniary Formula
Section 15.49 Naming a Revocable Living Trust as Beneficiary
Section 15.50 Naming the Estate as Beneficiary
Section 15.51 Naming a Charity as Beneficiary
Section 15.52 Name the Charity Outright
Section 15.53 Name Spouse and Then Charity as Contingent Beneficiary
Section 15.54 Name a Charitable Remainder Trust
Section 15.55 Mixing Charitable and Other Beneficiaries
Section 15.56 Review of Retirement Equity Act of 1984, Survivor Annuity Rules, and Spousal Consent
Section 15.57 Survivor Annuity Rules
Section 15.58 Spousal Consent Rules
Section 15.59 When Is Spousal Consent Required?
Section 15.60 To Waive Joint and Survivor Annuity
Section 15.61 To Designate a Beneficiary Other Than Spouse
Section 15.62 To Consent to Plan Loan
Section 15.63 Form of Spousal Consent
Section 15.64 Specific Consent or Open-Ended Consent
Section 15.65 Specific Consent
Section 15.66 General or Open-Ended Consent
Section 15.67 Premarital Agreement
Section 15.68 Postmarital Agreement
Section 15.69 Incompetency of Spouse
Section 15.70 Can Consent of Spouse #1 Bind Spouse #2?
Section 15.71 Can Spousal Consent Be Irrevocable?