IRA providers continue to adjust their procedures, forms, and communications to comply with recent law changes affecting their products, policies and procedures. The SECURE Act 2019, proposed RMD regulations, the SECURE 2.0 Act, final RMD regulations, and yet another round of proposed RMD regulations have created substantial and ongoing administrative challenges for IRA providers. The relatively recent changes affect nearly every aspect of IRA administration, including eligibility, funding, withholding, reporting, required minimum distributions, and inherited IRA distributions; and the IRS continues to issue guidance on these changes. Staying compliant while aiming at a moving target can be challenging for us all.
These rule changes have forced providers to update transaction forms, ensure IRA platforms are updated, and rewrite policies and procedures. Keeping abreast of these changes—while not always easy—is crucial to running a compliant IRA program.
Join us for this course for a review of IRA basics and the associated rules. After that, we aim to help you sift through what is old, what is new, and what can be either – based on facts and circumstances. This course is perfect for those needing to “unlearn” some old rules due to the many recent changes and apply the new rules appropriately.
Date & Time
Tuesday, March 25, 2025
9am - 2pm MT
Virtual Class!
Agenda
- Legislative and regulatory roundup (high level)
- Establishing IRAs (Feel free to bring copies of your plan documents and/or transaction forms)
- IRA plan document maintenance
- IRA designation of beneficiary
- IRA contributions: types, eligibility, limits, deadlines and processes
- Traditional IRA Distributions, including required minimum distributions
- Roth IRA distributions
- Tackling inherited IRAs
- Portability deep-dive
- IRA-to-IRA transfers
- IRA-to-IRA rollovers
- Employer plan-to-IRA rollovers
- IRA Recharacterizations
- Roth IRA conversions
- IRA required reporting review
Registration
$250 per person
Registration coming soon!
Who Should Attend?
This is an intermediate-level course, designed to be a perfect fit for those who have a fundamental understanding of IRAs, all the way to seasoned, in-house IRA gurus. This jam-packed offering is a good fit for almost anyone involved with IRAs including, but not limited to:
- new account representatives
- certificate of deposit personnel
- savings counselors
- accountholder service representatives
- investment and trust personnel
- compliance officers
- other officers/managers who oversee IRA operations
Your Instructor – Loni Porta, Director of Education, Convergent
Loni is the director of education at Convergent and has been with the company since 2004. An industry leader in IRA, HSA and retirement plan education, Loni plans, budgets for and builds training and education products and solutions for financial organizations nationwide. Loni also teaches courses in all delivery formats. She has mastered various learning management solutions as well as various online courseware development tools. An avid student of learning styles and adult learning principles, Loni incorporates her skills thoughtfully into Convergent’s training and education products and services. Loni attended North Dakota State University in Fargo, ND, and came to Convergent after her tenure at Universal Pensions, Inc. (UPI), a nationally recognized retirement consulting and training firm in central MN. During her tenure at UPI, Loni helped design the industry’s first IRA-specific designation program (the American Bankers Association's Certified IRA Services Professional (CISP) program) and NAFCU’s Certified IRA Professional program.