IRA Transfers and Rollovers - What's the Difference?

Patrice Konarik

Patrice M. Konarik, CFP, is president and founder of Sunwest Training Corp. located in the Texas Hill Country near San Antonio, Texas. With over 30 years experience in the financial industry, Patrice has focused her expertise on the retirement and new account areas and is currently providing live training and Webinars on these subjects on a nationwide basis. She has a BS from New York's Binghamton University and earned her Certified Financial Planner^TM designation in 1990. Many state banking associations and other organizations use her as their main source for training on these complicated topics. Patrice's upbeat personality and former banking experience easily encourages interaction and questions during the training sessions.

Thursday, November 8th, 2012
10:00 am - 12:00 pm CT

HUGE Difference!! One of the most incorrectly reported transactions is the movement of funds from a Qualified Employer Plan to an IRA and from an IRA to an IRA. The result is the IRA customer getting "love" letters from the IRS with huge bills attached stating they owe thousands of dollars in taxes on an IRA transaction. In fact, they may owe nothing. It usually involves a financial institution's reporting error on either the distribution or contribution side - or both. While the terms "rollover" and "transfer" are sometimes used interchangeably in the retirement industry, the actual coding and reporting of these transactions should not always be tied to the verbiage, but to the transaction itself. 2013 IRA Cost of Living Adjustments have just been released. Don't miss this Webinar to get the most up-to-date information on IRS Regulations.

What You Will Learn:

Ask questions! Qualify the money!
When to use which IRA Forms
When to verify transactions with the other institution
Determining if the customer has "access" to the funds
Fund movement between employer plans to IRAs and IRAs to IRAs
Moving money from a Traditional to a Roth or QP to a Roth - Conversion vs. Rollover
Re-characterizations between plan types
Most importantly...How to correctly code the transactions above to the IRS
2013 IRA Cost of Living Adjustments

Who Should Attend?

This is a "must-attend" Webinar for anyone - even remotely - involved in IRAs including, frontline, back office, call center, investment department, and trust department personnel.

You are encouraged to bring a sample of the IRA forms your financial institution is currently using for your review during the session including: IRA Contribution forms, Distribution Forms and Rollover Review/Certification Forms.

Sign Up!

6-Month OnDemand Weblink - $ 255: Includes a weblink for unlimited viewing for 6-months after the date of the webinar as well as a link to handouts. Does not include live session.
CD-ROM and Hardcopy Handouts - $ 295: CD-ROM plus Hardcopy Handouts. Does not include live session.