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American Institute of CPAs - Personal Financial Planning (PFP)

Oct 1, 2021

If you have clients with more than 10 million in their traditional IRAs, Roth IRAs, and vested defined contribution plans, they may have to take distributions to keep the aggregate plan balances below a certain threshold beginning in 2022.  In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, gets you up to speed related to:

  • The new proposed limits on MEGA IRAs and related forced withdrawals
  • How the numbers work with the 50% test and the 100% test
  • The best planning strategies to keep taxable income under 450k (MFJ) / 400k (S) so that the new rules won’t apply
  • Reviewing Roth conversion rules since this will be a key planning opportunity before year-end

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This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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