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Part 2 IRAs: Beyond the Basics: All-Day Streaming

Once you have a solid grasp of the essential principles of IRA administration, it is important to progress to the more complex elements involved in managing these accounts. Navigating advanced IRA topics is critical, as improper handling or reporting of transactions can lead to IRS notifications and potential tax consequences for account holders. This session will also provide a detailed overview of payout options available to IRA beneficiaries, reflecting the updated regulations implemented last year.
Upcoming
DATE

Wednesday, August 12, 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
  • Deposit Compliance
  • IRAs
  • Reporting
  • Teller
  • Trusts
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • New Accounts Representative
  • Private Banker
  • Teller
  • Training Manager
  • Trainer
  • Trust Officer

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In this Intermediate to Advanced session, we will delve into the more complicated aspects of IRAs including Rollovers vs. Transfers, Federal Withholding on IRAs, Penalty Exceptions on Distributions prior to age 59.5, Required Minimum Distributions rules and the latest Beneficiary Payout requirements.

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

  • Gain clarity on the differences between Qualified Plan (QP) direct rollovers and IRA transfers, ensuring you can distinguish these transaction types accurately.
  • Learn the specific rules that govern the process of rolling over a 529 plan into a Roth IRA.
  • Understand when it is appropriate to use the term “rollover” in IRA-to-IRA transactions to ensure accurate communication and reporting.
  • Explore the new exceptions to the 10% penalty on IRA distributions taken before age 59½, including how to properly report these exceptions.
  • How to use the new IRS code for reporting Qualified Charitable Distributions (QCDs)
  • Determine whether a beneficiary can elect optional distributions during the first nine years if the IRA owner passed away after 2019 and was subject to Required Minimum Distribution (RMD) rules.
  • Identify nine critical warning signs or red flags that can arise during beneficiary payout processes.
  • Review the options available for distributing IRA assets to a trust beneficiary, ensuring compliance and proper handling of these transactions.

Who Should Attend

This session is particularly beneficial for customer service representatives, call center employees, tellers, and those working in trust and investment departments who have a working knowledge of IRAs or may encounter IRAs in their daily responsibilities. The material will also help newer team members develop a foundational understanding of IRAs and their management.
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 2 IRAs: Beyond the Basics: 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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