Rollovers and Transfers – Qualified Plans vs. IRAs

Patrice Konarik

Patrice M. Konarik, CFP is president and founder of Sunwest Training Corp. located near San Antonio, TX. She has over 25 years experience in the banking industry specializing in Deposit Accounts and IRAs, and is currently providing training in these areas for many organizations on a nationwide basis. Patrice earned her BS in Management from Binghamton University in New York and has been a Certified Financial Planner for over 20 years.

Thursday, October 9th, 2008
10:00 am - 12:00 pm CT

The Institute of Certified Bankers^TM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This webinar has been approved for 2.5 CISP, CRSP, CTFA, & FP credits.

One of the most confusing and incorrectly reported areas of the IRA world is - without a doubt - the rollover / transfer dilemma. Some may say “whatever – what’s the difference?” There is a BIG difference and you’ve got to get it right. Customers and members are increasingly receiving letters from the IRS when these transactions are not reported correctly. In addition, your accountholders are not always getting correct information regarding how to acquire the most favorable tax advantages when moving their money from their employer plans to IRAs or from IRA to IRA.

Although the financial institution should never be in the position of giving “advice”, you are allowed to give “information” up to your comfort and expertise level.

The following contemporary issues will be addressed:

The advantages of IRA transfers vs. IRA rollovers
The “mini-loan” allowed from an IRA plan once a year and how it is reported
The Qualified Employer plan direct and indirect rollover
The direct rollover by a nonspouse beneficiary to a Traditional IRA effective 2007
NEW*** The direct rollover by a spouse or nonspouse from a QP to a Roth IRA effective 2008
The difference between a direct rollover and a transfer
The “cheat sheet” Transfer/Rollover Comparison Chart is included

Who Should Attend?

New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Accountholder Service Representatives, Investment and Trust Personnel who are newly involved in the opening, selling, marketing, or administration of IRAs. Any officer/manager who "oversees" the IRA department and may be responsible for answering IRA accountholders questions or concerns but does not actually open IRA accounts - including call center personnel. Experienced IRA representatives who would like a review of the less and more complicated issues of IRAs.

Sign Up!

On-Demand Recording Only - $255: Unlimited playback & materials only. If you are unable to attend the regularly scheduled event, but are interested in the topic, you can purchase the recorded version. You will receive a web address for online viewing and an audio CD and handouts for offline viewing.