IRA—Advanced (One Day Program)

Program Overview:

The advanced IRA program concentrates on a review of products and all the advanced issues affecting IRAs. This seminar is not for beginners and includes all the new rules for required minimum distributions and death distributions. It also includes audit, compliance and reporting procedures for IRA's

What you will learn:

Health Savings Accounts
Product update and review of changes
Premature distributions
Exceptions to the 10% penalty
Annuity Distributions
Tax levies on IRAs
New rules for required minimum distributions
Required beginning date
Formula
Uniform table
Reporting
Waivers
Transfers and rollovers after 70 ½
Death Distributions
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:

Intermediate and advanced level class for IRA administrators, trust officers, customer service representatives, personal bankers, branch managers and other personnel who need comprehensive distribution and compliance information

Recommended time:

6 educational hours