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Part 1 IRAs: The Basic Essentials: All-Day Streaming

The only way to truly understand IRAs is to start at the beginning and build up your knowledge and expertise from there. Because IRAs change frequently, it is essential for everyone, regardless of their experience level, to revisit the basics regularly. This approach ensures a strong foundation and helps professionals stay current with new developments and regulations.
Upcoming
DATE

Tuesday, August 11, 2026
10:00 am - 5:00 pm

INSTRUCTOR

Patrice Konarik

FORMAT

Live Stream

CREDIT TYPE

6 CISP Credits

$849.00 or 4 Tokens

Includes: 12 months of OnDemand playback access

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

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Establishing a strong understanding of IRA basics is crucial for progressing to the more advanced aspects of IRAs. The Day 1 Basic Essentials session is designed to help you build confidence as you become familiar with key terminology, required forms, and the different types of IRA plans. This course serves as the foundational step in your journey toward mastering IRAs and achieving success in this field.

No matter which session you choose to attend—whether it is Day 1, Day 2, or both—you will build a solid sense of confidence in understanding and handling IRA transactions. Each participant will receive an electronic copy of the comprehensive “IRA Training and Reference Manual,” also known as the “Red Book.” This manual will serve as a key resource and will be referenced regularly throughout the training sessions.

It is highly recommended that you have this manual available during the training so you can follow along and easily locate information as needed, both during and after the session. The manual is filled with cheat sheets and quick?reference charts to support your learning and to use as aids. The same “Red Book” will be utilized for both days of training, ensuring continuity and convenience.

What You'll Learn

  • Learn the top 20 essential IRA terms, giving you the vocabulary needed to navigate IRA transactions and conversations with confidence.
  • Review the contribution limits for Traditional IRAs, along with the income thresholds that determine eligibility for tax-deductible contributions.
  • Understand the eligibility requirements for contributing to a Roth IRA and learn when the interest earned is truly tax-free.
  • Discover the correct procedures for reporting regular contributions made for the prior year after April 15, particularly in cases of contributions due to federal disaster repaymen
  • Explore the rules governing the conversion of Traditional IRAs into Roth IRAs, ensuring you understand when and how these transactions can occur.
  • Gain insights into Simplified Employee Pension Plans (SEP) IRAs and consider whether your institution should offer these retirement savings options.

Who Should Attend

This session is specifically designed for individuals who are just beginning to learn about Individual Retirement Accounts (IRAs). It is particularly beneficial for customer service representatives, call center employees, tellers, and those working in trust and investment departments who may encounter IRAs in their daily responsibilities. The material will help newer team members develop a foundational understanding of IRAs and their management. In addition to serving newcomers, this session also provides significant value to experienced IRA professionals. Those who have worked with retirement accounts and wish to stay current with the latest industry updates, including recent cost-of-living adjustments, will benefit from the comprehensive review offered. The session ensures that all participants, regardless of experience level, are equipped with up-to-date information for effective IRA administration.
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

Part 1 IRAs: The Basic Essentials: All-Day Streaming has been approved for 6 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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