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IRAs From Start to Finish - Part 1: Building the Foundation

Welcome to the world of IRAs. In truth, these retirement accounts can be one of the most challenging products offered. It seems like there are so many rules to follow - and they constantly change. How can we keep up?

OnDemand
Recorded Thursday,
September 5th, 2024
Presented by Patrice Konarik
2h total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Accounting/Reporting
  • Auditing
  • Customer Service
  • Deposit
  • Deposit Accounts
  • General Compliance
  • 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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To register for the full series, click here.

In part 1 of this 4 part series, you will gain a strong foothold by learning the basics of Individual Retirement Accounts. It will include a short review of the most common terminology and which forms are “required by law” to give to our customers and also retain in the financial institution’s records.

We will then discuss the qualifications for each type of retirement products, including the Traditional IRA, Roth IRA, Conversion Roth IRA, and SEP IRA. The purpose of this session is to build your comfort level with IRAs. It is also a great refresher for those with more experience.

What You'll Learn

  • What is the difference between an IRA Plan and an IRA Account?
  • What forms are required to establish a legal IRA and which forms are supplemental?
  • What are the benefits of a Traditional IRA and when can the contribution be deductible?
  • Why would many people choose a Roth IRA over a Traditional IRA?
  • Who can make contributions to a SEP IRA and how are they reported to the IRS?
  • Why is it so important to use the correct transaction description for IRA activity?

Who Should Attend

This level is recommended for IRA rookies who have 0-3 years of experience and wish a slower pace of learning to grasp the basics of IRAs. It is also a helpful tool for those who have previous experience with IRAs but may not be familiar with the latest changes.

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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