IRA Series: IRA Beneficiary Designations & Distributions: Options, Best Practices & Compliance
First there was the SECURE Act of 2019, then proposed RMD regulations, then SECURE Act 2.0, and now final RMD regulations – it’s a lot to track! With old rules grandfathered in and now the addition of new rules, it’s easy to get frazzled. This program will help.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Confidently capture beneficiary designations
- Describe the benefits of capturing and maintaining complete, up-to-date beneficiary information
- Research and arrive at options given a specific beneficiary scenario
- Understand the implications of the final RMD regulations on your financial institution’s inherited IRA policies and procedures
- Implement best practices other institutions use to minimize risk while maximizing IRA holder satisfaction
WEBINAR DETAILS
The rules governing inherited IRAs have changed dramatically in recent years. Effective 1/1/25, the final RMD regulations changed beneficiary distribution options and compliance considerations considerably. The stage is finally set for organizations to make concrete, long-term updates to systems, policies, and procedures surrounding inherited IRAs. At this crucial juncture, IRA providers have the opportunity to incorporate industry best practices and to simplify and streamline procedures while updating their policies and procedures. This will not only yield an improved experience for IRA beneficiaries but also reduce internal confusion and compliance risks. This course will cover the changes you can make, the changes you should make, and the changes you must make to ensure you remain both in compliance and best positioned to provide top-notch service to your inherited IRA holders.
WHO SHOULD ATTEND?
This informative session is designed for staff who are opening IRAs and thereby capturing IRA owners’ beneficiary information. It will also benefit those who audit internal files to ensure updated information has been sought and changes applied, when necessary, as well as staff tasked with tracking down beneficiaries upon an IRA owner’s death.
