Program Description:
With all of the IRA plan types, regulation changes and cost of living adjustments, an annual update and review of the more complicated aspects of Individual Retirement Accounts is a must. This webinar serves as an excellent refresher for the experienced IRA banker as well as a confidence builder on the more technical and complex areas of IRAs for the less experienced IRA representative.
This two-hour course covers:
- What are the misinterpretations of the TIPRA Act 2005 and the Pension Protection Act 2006?
- What are the 2008 contribution limits and cost of living adjustments for Traditional, Roth and SEP IRAs?
- What is the difference between a Roth Conversion from a Traditional IRA vs. a Qualified Employer Plan?
- Are the spouse and nonspouse options the same when moving money from a QP to an IRA?
- What is the difference between a nonspouse beneficiary moving money from an employer plan to an IRA vs. an IRA to an IRA?
- How do we calculate distributions to beneficiaries in the year of IRA owner's death? ...the year after the IRA owner's death?
- Whose name and SSN should appear on the 1099-R when reporting death distributions?
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
IRA personnel in New Accounts, CDs, Trust, Investments and Savings Departments who are involved with the opening, selling, and administration of IRA accounts will benefit greatly from the review of the more complicated aspects of the IRA. This is considered an "Intermediate" workshop.
Presenter:
Patrice M. Konarik, CFP, President, Sunwest Training Corp. She has more than 20 years experience in the banking industry, specializing in Deposit Accounts and IRAs, and provides training on these topics for banking nationwide.
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