MOVING & CHANGING IRAs:

Rollovers, Transfers, Recharacterizations & Conversions

Our largest source of dollars in retirement accounts comes from qualified retirement plans and funds at other institutions.  This program is designed to talk about rules for qualified retirement plan rollovers - transfers and rollovers from other institutions.  Other movement such as conversions, reconversions, recharacterizations and removing excess in accounts will also be addressed.  This practical session will cover everything you need to know about one of the most practical and valuable areas of IRAs.  New insurance changes on IRAs include increases up to $250,000 on IRAs will also be covered in this program.

HIGHLIGHTS

• Requirements for Qualified Retirement Plan rollovers
• Transfers versus Rollovers on IRAs
• 60 Day Waiver if the bank makes an error
• New Mandatory Distribution rules on Qualified Retirement Plans
• Conversions from Roth to Traditional
• Recharacterizations of IRA contributions
• Transfers due to divorce
• Reconversions
• Revocations
• New Insurance changes on IRAs

WHO SHOULD ATTEND?

This informative session is directed to New Accounts Representatives, Personal Bankers, Customer Service Representatives, IRA Administrators, Trust Officers, Investment Advisors and Branch Managers.