Qualified plans and IRA distributions

Baker Tilly retirement planning specialists assist many of our clients achieve an informed approach to retirement savings. Qualified plans and individual retirement accounts (IRAs) provide a tax-advantaged way to save for retirement. But failing to comply with IRS distribution rules can result in penalties of up to 50 percent.

Our experienced, nationally recognized professionals work with you to plan in a way that avoids penalties and preserves the value of your retirement assets, often a substantial portion of your wealth.

Baker Tilly retirement planning services include:

• Planning for lump-sum distributions from qualified plans
• Calculating distributions and scheduling equal periodic payments
• Qualifying a trust as a designated beneficiary of a retirement account
• Post-death administration of accounts
• Beneficiary designations
• Analyzing the suitability of a conversion to a Roth IRA
• Using comparative estate planning techniques to maximize benefits to heirs and beneficiaries
• Assistance with prohibited transaction exemption requests from the Department of Labor and with private letter rulings from the IRS 

Contact our tax services team >