IRA Advanced Issues - All Day Streaming

Now that many of you have a comfort level with the basics, it's time to get into the real nitty gritty of IRAs. What's the difference of moving an IRA from bank to bank and a QP to a bank? Distribution penalty exception prior to age 59.5, mandatory distributions at age 73 and payouts to IRA beneficiaries.

Live Stream OnDemand
Recorded Wednesday,
August 16th, 2023
Presented by Patrice Konarik
7h total length
$1,049.00 or 4 Tokens

Includes: 12 months of OnDemand playback access

  • Accounting/Reporting
  • Auditing
  • Compliance
  • Customer Service
  • Deposit
  • Deposit Accounts
  • IRAs
  • Reporting
  • Sales
  • Teller
  • Trusts
  • Branch Manager
  • Compliance Officer
  • Customer Service Representative
  • Internal Auditor
  • New Accounts Representative
  • Private Banker
  • Teller
  • Training Manager
  • Trainer
  • Trust Officer

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The last three years have seen the most substantial changes to IRAs since 2002. And it seems like the IRS is not finished making up their minds. Since 2020, we have seen the SECURE Act, in 2022 the Proposed Regulations changing many provisions of the SECURE Act, the IRS Notice 2022-53 that postponed some of those provisions, and then, in the beginning of this year, the SECURE Act 2.0. All of these changes have created nothing but mass confusion - especially when it comes to beneficiary payout options.

Day 2 of this 2 day live stream will give you all the latest legislative updates regarding the release of these confusing changes and what the bank's next steps are to implement them.

What You'll Learn

  • What is the difference between a Qualified Plan to IRA Rollover vs. an IRA to IRA Rollover?
  • When is an IRA to IRA movement considered a Transfer and not a Rollover?
  • What distribution codes do we use for pre-59.5 penalty exceptions?
  • What IRA owners are affected by the increase in RMD age from 72 to 73?
  • How do the three new categories of beneficiaries affect payout options?
  • What are the nine biggest mistakes when paying out to a beneficiary?
  • When does a non-spouse beneficiary have to take an annual death distribution prior to the 10-year close-out date?

Who Should Attend

Experienced personnel who would like to keep updated on the latest release of IRS rules and how to proceed forward, this is the class you will absolutely need to attend.

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.