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IRA Advanced Issues Seminar OnDemand with Live Streaming

Attend this comprehensive IRA Seminar via Live Streaming Video!

Live Stream
Recorded Wednesday,
August 25th, 2021
Presented by Patrice Konarik
$1,049.00 or 4 Tokens

Includes: Access the recording for 12 months.

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

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Seminar Overview

Day 2: IRA Advanced Issues - Wednesday, August 25, 2021

  • Updated legislative regulations on IRAs as the result of the SECURE and CARES Acts and the 2021 Cost of Living Adjustments
  • Qualified Plan Rollovers to a Traditional or Roth IRA – 6 Red Flags
    • Direct vs. Indirect
  • IRA to IRA Indirect Rollovers and Direct Transfers – Once-per-12-month rule clarifications and recent rules on 60 day exceptions and reporting
  • Distributions
    • Federal Income Tax Withholding
    • Before age 59½ - reporting the penalty exceptions.
    • At age 72 beginning in 2021
    • 9 Biggest Mistakes of IRA Beneficiary Payouts
    • Rules on new nonspouse beneficiary payout requirements beginning in 2020
    • Overview and Explanation of IRS Reporting Requirements
    • How do we code COVID-Related Distributions and Repayments?

The "IRA Advanced Issues Seminar OnDemand with Live Streaming" webinar has been approved for 7 CISP, CRSP, CTFA credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. Certification holders must report these credits at https://aba.csod.com.

Attend the IRA Advanced Issues Seminar from the convenience of your own office via Live Streaming Video as it happens on August 25th (9:00 am – 4:00 pm Central Time), or at your own convenience with 12 months of OnDemand playback.

What a wild ride these last 2 years have been!! New laws became effective January 1, 2020 under the SECURE Act. Then more new temporary rules were in initiated in March 2020 as part of the CARES Act due to Covid. While most of the CARES Act has expired, we will still be dealing with “repayments” of IRA Covid-Related Distributions (CRDs) taken in 2020 for the next 2 years. It’s all about the coding and reporting on these complicated issues, so you have to get it right! 

In this IRA Advanced Update, we will summarize the changes and then actually get into the nitty gritty of new distribution regulations to owners and beneficiaries - what stays the same and what changes? How do we disclose all these changes to our customers?

Each participant will receive an electronic version of the latest 275-page 2021-2022 IRA Training and Reference Manual – “The Red Book”.

This is day two of a two day seminar. Each day can be purchased independently but for the most comprehensive understanding of the issues from A-Z, attending both days is recommended. Whether you attend Day 1 or Day 2, you will receive the full IRA manual. The same manual is used for both days of training.

Series Information Here: 2 Day IRA Seminar: Basic & Advanced Issues OnDemand with Live Streaming

Who should attend

Everyone even remotely involved in IRAs at your financial institution including: New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Accountholder Service Representatives, Investment and Trust Personnel who need this update and are 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. Experienced IRA Personnel who like a slower pace workshop to cover all the new changes in a comprehensive manner.

"Patrice Konarik is extremely knowledgeable regarding IRAs. She took complicated scenarios and explained in a simple, straightforward way why IRA transactions were processed a certain way and the consequences of doing them incorrectly. Her combination of humor and knowledge, made this training both informative and enjoyable. I would definitely recommend to anyone who is wanting to increase their IRA knowledge." -- Leslie Diaz, Relationship Banking Manager, Crossfirst Bank

"Patrice does a fantastic job with delivering information about IRAs. She does so in a manner that is easy to understand, easy to follow, and leaves you with a wealth of knowledge. I have attended this seminar before and find it extremely beneficial each time! Thank you!" - Kevin Eskew, Limestone Bank


Patrice Konarik

Instructor Bio

Patrice M. Konarik is president of Sunwest Training Corp. founded over 25 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 35 years in the financial industry, Patrice has focused her expertise on the retirement account area and is currently providing live training and Webinars on IRAs and Health Savings Accounts on a nationwide basis. She has a BS in Management Science from New York’s Binghamton University. Many state banking associations and other organizations use her as their main source for training on these complicated topics.