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IRA Essentials and Beyond: 2-Day Streaming

The only way to truly understand IRAs is to start at the beginning and build up your knowledge and expertise from there. Even the more advanced IRA “experts” find they learn new things that would otherwise be considered “basic” knowledge. The reason is that IRAs are constantly changing and evolving.

Live Stream OnDemand
August 12, 2025
August 13, 2025
Presented by Patrice Konarik
14 CISP Credits
$1,679.00 or 10 Tokens

Includes: 12 months of OnDemand playback access

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

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Whether you attend day 1, day 2, or both days, you will gain a sense of confidence when it comes to understanding and processing IRA transactions. If you attend either day, you will be provided an electronic copy of the full “IRA Training and Reference Manual” (aka the “Red Book”), which will be referenced throughout the class.

We highly recommend you have this available during the training session to follow along and find the information as needed after the class. There are plenty of cheat-sheets (or quick reference charts) contained in the book to use as aids. This same book will be used for both days.

Series Details

IRAs: The Basic Essentials - All-Day Streaming

Building your knowledge of the IRA Basics is essential to understanding the more sophisticated areas of IRAs down the road. In the Day 1 Basic Essentials, you will start to raise your confidence level regarding terminology, forms and IRA plan types. This will give you the foundation for your climb towards success.

  • The top 20 terms of IRAs
  • Traditional IRA contribution limits and income limits for deductions
  • Roth IRA contribution eligibility and when is the interest really tax-free?
  • How do we report regular contributions for the prior year made after April 15 due to federal disasters
  • What are the rules for moving Traditional IRAs into Roth IRAs?
  • Simplified Employee Pension Plans (SEP) IRAs and should the institution offer them?
  • What are the basic comparisons between a SEP IRA and a SIMPLE IRA?

IRAs: Beyond the Basics - All-Day Streaming

Now that we have tackled the IRA Basics, it’s time to delve into the more complicated aspects of IRA administration. These are the areas that may trigger an IRA letter and tax bill to the accountholder if the transactions are not reported correctly. This session will also explain in detail the payout options to beneficiaries according to the new rules finalized last year.

  • What is the difference between a QP direct rollover and an IRA transfer?
  • What are the rules for rolling over a 529 plan to a Roth IRA?
  • When do we use the “rollover” term from IRA to IRA?
  • What are the new exceptions to the 10% penalty for IRA distributions taken prior to age 59.5 and how do we report them?
  • When the IRA owner died after 2019 and was in RMD status, does the beneficiary still get to take optional distributions the first nine years?
  • What are the nine red flags of beneficiary payouts?
  • What are the options for paying out to a trust beneficiary?

Who Should Attend

This session is ideal for anyone who is very new to IRAs, including customer service reps, call center employees, tellers, and trust and investment department personnel. In addition, any experienced IRA representatives who would like a review of the latest retirement account information, including cost-of-living adjustments will also find value in this session.

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.

Continuing Education Credit Information

IRA Essentials and Beyond: 2-Day Streaming has been approved for 14 CISP credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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