The Directors Education Series: IRA SECURE and CARES Act Summary

It has been a big year of changes for IRAs and Qualified Plans starting with the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) effective January 1, 2020 followed by the Coronavirus Aid, Relief and Economic Security Act (CARES Act) signed into law on March 27, 2020. As a Director you are expected by your bank clients, friends and even relatives to keep up with all the changes and know all the answers. In reality, the IRS still does not have the answers to many of these new rules that were put into place.

Other Topics Include:

This segment will give you an overview of the basic IRA provisions affected by these ongoing regulation changes as well as the ability to give factual information when questions are asked, including:

  • What are the good and bad changes implemented by the SECURE Act?
  • What does the RMD Waiver means to IRA clients and beneficiaries for 2020?
  • What notices and IRA forms need to be updated from a compliance standpoint?
  • CARES Act penalty-free IRA distributions and how to recoup taxes from the IRS when a repayment is made.

Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.

training features:

  • Includes Audio, Video and Powerpoint.
  • PDF Handouts
  • Discussion Questions
  • 20-25 minutes in length (Perfect to show at your monthly board meeting!)
This program is a breakout session from the Directors Education Series, which is a subscription based Library containing over 50 trainings specifically for your Board of Directors. For more information on the Directors Education Series click on or go to You can email questions to or talk with a representative by calling 1-800-831-0678.

Who Should Attend?

This program is recommended for your Executive staff including every member on your Board of Directors.

We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank

After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust