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IRAs 2024 from A-Z: Intermediate and Advanced Issues All Day Streaming

After you have tackled the basic portion of IRAs, it’s time to delve into the more complicated topics, where confusion breeds inconsistency. The more troublesome areas of retirement accounts are moving IRAs as “rollovers” vs. “transfers” and distributions to IRA owners and beneficiaries.

Live Stream OnDemand
Recorded Wednesday,
August 14th, 2024
Presented by Patrice Konarik
7h total length
$849.00 or 3 Tokens

Includes: 12 months of OnDemand playback access

  • Auditing
  • Compliance
  • Customer Service
  • Deposit
  • Deposit Accounts
  • IRAs
  • Reporting
  • Teller
  • Trusts
  • Branch Manager
  • Compliance Officer
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • New Accounts Representative
  • Private Banker
  • Teller
  • Training Manager
  • Trainer
  • Trust Officer

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While “rollover” vs. “transfer” may seem like a no-brainer, it is actually the main reason customers/clients receive unnecessary letters and bills from the IRS. It’s all about the reporting!

In the last four years, the IRS has changed the age to begin Required Minimum Distributions from IRAs twice - confusing bankers and customers alike. The SECURE Act 2020, the Proposed Regulations of 2022, and the SECURE Act 2.0 are the sources of this misunderstanding of the latest rules.

We will answer the biggest question: Do beneficiaries have to take annual distributions or not?

What You'll Learn

  • What is the difference between a QP direct rollover and an IRA Transfer?
  • What are the rules for rolling over a 529 plan to a Roth IRA?
  • When do we use the “rollover” term from IRA to IRA?
  • What are the new exceptions to the 10% penalty for IRA distributions taken prior to age 59.5 and how do we report them?
  • When did age 73 really kick in to begin RMDs?
  • When the IRA owner died after 2019 and was in RMD status, does the beneficiary get to take optional distributions the first 9 years?
  • What are the nine red flags of beneficiary payouts?
  • What are the options for paying out to a trust beneficiary?

Who Should Attend

All IRA personnel, including CSRs, Tellers and Branch Managers who answer IRA questions for their customers, Call Center Employees, as well and trust and investment officers will greatly benefit from these intensive topics. Also, anyone responsible for training employees on IRAs are encouraged to attend both days. All attendees are encouraged to print out the full IRA Training and Reference Manual (aka the “Red Book”) for use during the training sessions. The same book will be used for both days.

Patrice Konarik

Instructor Bio

Patrice M Konarik is president of Sunwest Training Corp founded almost 30 years ago and located in the Texas Hill Country near San Antonio. With over 40 years of experience in the financial industry, Patrice has focused her expertise on the retirement account area. After 28 years on the road providing live training nationwide, she now concentrates on providing informational IRA and HSA webinars through OnCourse Learning. She has a B.S. in Management Science from New York’s Binghamton University and previously held her Certified Financial Planner designation for 23 years.

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