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IRA Advanced (Virtual)

October 27 @ 9:00 am - 4:00 pm

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IRA Comprehensive School—Two Virtual Days February 2nd and 3rd

February 3, 2022 @ 10:00 am - 4:00 pm
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An event every day that begins at 10:00 am, repeating until February 3, 2022

Event Cost: $299

 

Wednesday, October 27th, 9:00 AM – 4:00 PM – Central Time

Overview:

On January 2, 2020 the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) went into effect and then we had a payout skip year. So this is our first year working with the age 72 and the new rules on inherited IRAs. The inherited IRA has been changed from the “stretch” of a beneficiary’s life expectancy to 10 years. The IRA Advanced class is designed for those who need information on what is new and changed in IRAs. We also include a review of products and compliance issues. While not designed for those who are new to IRAs, it does include enough basics to get you started and focuses on those areas that change each year. Each registrant will receive a digital copy of the 575 plus page IRA Handbook.

Program Topics

  • RMDs at 72
  • Inherited IRAs and the SECURE Act
  • New life expectancy tables
  • Product update and review of changes
  • Premature distributions
  • Exceptions to the 10% penalty
  • Annuity Distributions
  • Tax levies on IRAs
  • Transfers and rollovers after 72
  • 72 calculations & issues
  • Waivers
  • Charitable distributions
  • Death distributions—New 10 year rule for non-spouse beneficiaries
  • Primary vs. contingent beneficiaries
  • Treating the IRA as spouse’s own
  • Inheriting the IRA
  • Successor beneficiaries, disclaimers, calculations
  • Special topics
  • Recharacterizations
  • Conversions and reconversions
  • Revocations
  • Excesses
  • Compliance, auditing and reporting

Who Should Attend

This program is designed for intermediate and advanced level IRA administrators, trust officers, customer service representatives, personal bankers, branch managers and other personnel who need comprehensive distribution and compliance information.

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Details

Date:
October 27
Time:
9:00 am - 4:00 pm
Cost:
$299
Event Categories:
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