IRAs: Way Beyond the Basics – Beneficiaries and Distributions
This is part of a four-part webinar series on IRAs. To view or purchase the entire series, click here.
I know the answer! I think I know the answer! I thought I knew the answer! Whether you’re an IRA “rookie” or an IRA “pro”, you’ve probably had this feeling many times.
That helpless feeling we get when an IRA accountholder asks us anything beyond the most basic IRA question. We’ll help you reach a higher “comfort level” on these complicated topics.
What You Will Learn
- Basic difference between primary and contingent beneficiaries
- Naming an estate or trust as a beneficiary
IRA Distributions includes:
- IRS penalty exceptions prior to age 59 1/2 and the proper IRS coding
- Required Annual Notifications for RMDs and withholding
- Manually calculating distributions to accountholders age 70 1/2 and older
- Extensive discussion of beneficiary payout options – including spouse, nonspouse, estate and trust
- Setting up the Inherited IRA and documentation requirements
IRA personnel in New Accounts, CDs, Trust, and Investments who are involved with the operation, administration or internal auditing of IRA accounts will benefit greatly from the thorough discussions of the more complicated aspects of the IRA world. The content is intermediate-to-advanced, with a minimum of two years’ experience recommended. Participants should have a working knowledge of IRAs.
You are encouraged to bring a sample of the IRA forms your financial institution uses for your review during the session, including: IRA Distribution forms, Annual Notices, and any other forms you may have questions about.
Patrice M. Konarik is president of Sunwest Training Corp. founded over 20 years ago near San Antonio, Texas. With over 30 years experience in the financial industry, Patrice brings expertise in the areas of retirement and new accounts, and provides live training and webinars on these topics nationwide. Many state banking associations and other organizations use her as their main source for training on these complicated subjects.
Patrice earned a BS in Management Science from New York’s Binghamton University. Her upbeat personality and banking experience facilitate interaction and questions during training sessions.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CE Credits
Live Webinar which includes 7 Day On-Demand - $265
Six Month On-Demand – $295
Live plus Six Month On-Demand – $365
CD-ROM (Includes Six Month On-Demand) – $325
Premier (Includes all options) – $395
Additional Locations – $75
Online: Click here.
Phone: Call Total Training Solutions at (800) 831-0678
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.