New York (June 13, 2003) -- CPA financial planners should focus on four often-overlooked opportunities when doing retirement distribution planning for clients, an expert on distribution planning told accountants gathered here at a New York State Society of CPAs-sponsored conference.
For clients who hold employer securities with a low cost basis in their 401(k), be sure to take advantage of favorable tax treatment via a qualified-plan lump sum distribution, advised Marvin Rotenberg, national director of retirement services at Fleet Bank's Private Clients Group. Rotenberg's discussion on the required minimum distribution rules was part of the Personal Financial Planning conference held Thursday by the society's Foundation for Accounting Education.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access