Seminar Overview
The IRA Update builds on the attendees’ knowledge of IRA basics to address some of the more complex IRA issues their financial organizations may handle. This course includes how the SECURE Act really changes our two biggest topics -- RMDs and death distributions -- and discusses any pending legislation. This is a specialty session; some previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.
Course Highlights
- death distribution options: reviewing eligible designated beneficiaries, designated beneficiaries and successor beneficiaries
- reporting to IRS in the “year of death” and then “year after death”
- when and how to use the “W-4R” (NOW 2023) and what happens to the “W-4P”
- review RMD rules and characteristics
- preparing for year end and what happens in January: Fair Market Statements, RMD notices and 1099-Rs
- new life expectancy tables for 2022; RMD calculations and inherited IRA RMD calculations change
- amendment and plan agreement update
- legislative update
Who Should Attend
- IRA administrator, personal banker or member services personnel who has a working knowledge of basic IRA operations and wishes to expand their expertise and provide enhanced customer service
- a financial professional who recognizes that IRAs play an integral role in retirement planning
- a compliance specialist with procedural oversight of IRA policies and practices
- support personnel responsible for promotional materials that describe the services provided by your financial organization
Continuing Education
CPE will be granted to registered attendees upon request.
Specialized Knowledge – 7.5 credits
Instructional Delivery Method: Group Live
Prerequisites: None
Program Level: Intermediate
Advanced Preparation: None
Submitted to the American Bankers Association for CISP credits.
Schedule
| 8:15 a.m. |
Registration Check In |
| 8:30 a.m. |
Seminar Begins |
| Noon |
Lunch |
| 12:45 p.m. |
Seminar Resumes |
| 3:30 p.m. |
Adjournment
|
About The Instructor
Matthew Dickinson has been working with IRA for 18 years. He not only instructs, but he listens and responds to special needs and involves his audience in an effective group learning experience. Attendees are encouraged to ask questions or share concerns throughout the program.
Disabilities or Dietary Restrictions
If you have any disabilities or dietary restrictions, please contact Lauren Luebbert at 573-636-8151 or email.
For More Information
Contact the MBA Education Department at 573-636-8151 or email.