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An effective risk management and compliance program necessitates a strong understanding of the complex and changing regulatory environment and the deployment of that knowledge to the right people, enabling the right decisions at all levels of the organization.

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IRA Required Minimum Distributions and Aggregation

(Published November 21, 2019) The required minimum distribution (RMD) aggregation rule applies to individual retirement accounts (IRAs) that require an annual distribution. Traditional, simplified employee pension (SEP), and Savings Incentive Match Plan for Small Employers (SIMPLE) IRAs are all subject to the RMD rules. If an IRA owner has more than one IRA, the applicable RMD for each is generally taken from the IRA to which the RMD applies, however, the RMD amounts may be aggregated and taken from any one (or more) of the IRAs.

IRAs and Required Minimum Distributions: IRS Proposes Updates to Life Expectancy Tables

(Published November 21, 2019) On November 7, 2019 the Internal Revenue Service (IRS) released proposed updates to the life expectancy and distribution period tables which provide the divisors used to calculate required minimum distributions (RMDs) from employer plans and traditional, simplified employee pension (SEP), and Savings Incentive Match Plan for Small Employees (SIMPLE) individual retirement accounts (IRAs) and for Roth IRA beneficiaries. The existing tables were released in 2002 and have been effective since 2003.

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Managing regulatory change is no easy task

 
 
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Managing the Risk of Regulatory Change White Paper

 
 
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