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Home > Services > Tax > Estate Planning > Qualified Plan and IRA Distribution Planning
Qualified Plan and IRA Distribution Planning
Retirement assets represent a substantial portion of many individuals' wealth. Unfortunately, the tax penalties for failing to comply with the distribution rules for qualified plans and individual retirement accounts (IRAs) can reach as high as 50 percent. Proper planning can help you avoid losing favorable tax treatment of your distributions.
Solutions Beyond the Basics
The retirement planning specialists at Virchow Krause thoroughly understand the complex rules surrounding distributions from qualified plans and IRAs. Our nationally recognized technical expertise allows us to write articles for national publications, write treatises on retirement asset distributions, speak at regional and national conferences, represent clients in requests for private IRS rulings, and guide you through a maze of issues and opportunities.
Retirement planning services include advanced planning for lump sum distributions from qualified plans, qualifying a trust as a designated beneficiary of a retirement account, post-death administration of retirement accounts, and advanced estate planning techniques for retirement accounts.
Advantages for You
When you work with Virchow Krause, you can expect a team of professionals eager to help address your needs in all the facets of retirement distribution planning including:
- Quantitative, analytical results for tax-advantaged distributions from employer qualified plans.
- IRA and Qualified Plan distributions advice including beneficiary designations, retirement assets payable to trusts, and Roth IRA conversions.
- Estate planning with qualified plans and IRAs to maximize benefits to heirs using comparative planning techniques or comprehensive planning solutions.
- Proper post-death treatment of qualified plans and IRAs.
- Assistance with prohibited transaction exemption requests from the Department of Labor and private letter rulings from the IRS.
- Distribution calculations and schedule for a series of substantially equal periodic payments.
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