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IRA Annual Update 2025

Another crazy year brings many changes to the IRA Universe. After waiting 2 1/2 long years, the Proposed Regulations that were released in February 2022 were finalized in July 2024. These new rules and clarifications bring many changes to beneficiary payouts beginning in 2025 that you must know about.

Upcoming
Wednesday, January 22nd, 2025
10:00 am - 12:00 pm
Presented by Patrice Konarik
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Customer Service
  • Deposit
  • Deposit Accounts
  • IRAs
  • Reporting
  • Teller
  • Trusts
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • New Accounts Representative
  • Private Banker
  • Teller
  • Training Manager
  • Trainer
  • Trust Officer

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The last 20 years of IRA rules have endured many changes, but the last 4 years have been the most significant. From the SECURE Act of 2020, to the Proposed Regulations of 2022, the SECURE Act 2.0 of 2023, to the Final Regulations of 2024, the IRA world was turned upside down. It’s no wonder everyone is so confused.

In this fact-packed two-hour webinar, we will explain all these changes and give you great pointers on how to prepare your IRAs for the changes taking effect in 2025. If you don’t get your beneficiaries set up on payments correctly for 2025, they may be subject to an IRS 25% “late penalty."

What You'll Learn

  • What are the Cost of Living Adjustments to IRAs for the 2025 tax year?
  • What are the three categories of beneficiaries for payout options?
  • Which beneficiaries must begin Single Life Death distributions beginning in 2025 and how do we calculate them?
  • What are the changes to spouse beneficiary RMD calculations?
  • What happens when a customer is in RMD and wishes to do an “IRA Rollover?”
  • Which required notices must be sent to customers in January each year?
  • What is a Roth SEP and a Roth SIMPLE and should we be offering them to our customer base?

Who Should Attend

Anyone even remotely involved in answering IRA questions would greatly benefit from this two-hour session, including the frontline CSRs and tellers, the call center, the IRA operations department, as well and any trust or investment officers who handle IRAs.

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.

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