IRA Annual Update 2024 - Keeping up with the Latest Changes

In the last 3 years, we have had the most substantial changes to IRAs since 2002. The difference today is that there are still many outstanding issues that need to be resolved. This webinar is a thorough review of what's changed and what's in limbo.

Recorded Tuesday,
January 23rd, 2024
Presented by Patrice Konarik
2h total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Customer Service
  • Deposit
  • Deposit Accounts
  • IRAs
  • Trusts
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • New Accounts Representative
  • Teller
  • Training Manager
  • Trainer
  • Trust Officer

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The SECURE Act and the SECURE Act 2.0 provisions are often confused with some of the proposed regulations and notices released by the IRS. Much of this is left to the interpretation of the person who reads the information. That is why you see so many conflicting views on the new rules and regulations.

The largest area of confusion stems from the beneficiary payout options. The IRS has gone back and forth on this at least three times in the last year and a half. No wonder we feel so insecure when the customer asks us a question! Join us as we dive into the nuances of these rules and regulations.

What You'll Learn

  • When the RMD age changes and who it affects
  • The three new classes of beneficiaries that determine payout options
  • When a beneficiary was in a single life payout before 2020 when the SECURE Act passed
  • When an Inherited IRA has to be closed in a 10-year period
  • Determinations for payout purposes must be made when a trust is named as beneficiary
  • The new premature distribution penalty exceptions beginning in 2024
  • All other legislative updates that are enacted prior to this IRA Webinar will be discussed

Who Should Attend

Anyone in a customer-facing or call center role would benefit from the review of recent IRA changes. The Operations Department, the IRA Department and Branch Managers would also gain valuable perspective in this annual review.

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.