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IRA Part 2

You might think you know the difference between an IRA Rollover vs. an IRA Transfer vs. a QP Direct and Indirect Rollover. But the “rollover” and “transfer” words are two of the most misused and abused terms in the IRA world. Not knowing the difference leads to misreporting to the IRS, which can result in unnecessary letters and bills to the customers.

Upcoming
DATE

Tuesday, September 29, 2026
11:00 am - 1:00 pm

INSTRUCTOR

Patrice Konarik

FORMAT

Webinar

CREDIT TYPE

2.5 CISP Credits

$299.00 or 1 Token

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

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

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Many people think the Rollover/Transfer issue is no big deal. It can’t be stressed enough how big a deal it really is.

It’s not rocket science, but you can’t make up your own definition of a rollover or transfer. If you don't understand the difference, you won’t use the correct transaction description. That would result in incorrect reporting to the IRS and not matching what the customer is saying on their tax return.

The most important ingredient of rollovers and transfers is that both the sending and receiving institutions must match in their reporting to cancel out the taxation of the transaction. This session will include several Quick Reference charts for guidelines on the differences.

What You'll Learn

  • What are the rules of moving money from IRA to IRA as a “rollover?”
  • What are the new rules regarding rolling over IRAs to customers who are in RMD status?
  • Why are IRA transfers and Qualified Plan direct rollovers often confused?
  • What kind of IRS reporting is generated on an IRA to IRA transfer?
  • What is a “Rollover IRA” and how do we move it to another institution?
  • What happens if the 60-day rule is not followed?
  • How many tax-free IRA rollovers can a customer take advantage of in a 12-month period?

Who Should Attend

Anyone involved in processing IRA transactions or answering customer's IRA questions should attend this important session regarding the movement of funds between retirement plans.

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 Part 2 has been approved for 2.5 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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