IRA Series: IRA Year-End Wrap Up: Hottest Issues, Compliance & Reporting Responsibilities
It’s the end of the year. Are you up on the latest rule changes? Are you ready for the questions that will be pouring in? Will your answers inspire consumer confidence or consternation? Join this instructive session to learn the hottest issues, expand your competence, increase customer loyalty, and ensure program accuracy.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- State three high-exposure compliance areas
- List the annual statements and reports IRA providers are required to supply IRA owners and beneficiaries
- Name the IRS reporting deadlines for IRS Forms 1099-R and 5498
- Explain how withholding requirements are met
- List the information needed to accurately calculate an IRA owner’s required minimum distribution
- Describe RMD responsibilities that fall on the financial organization versus the IRA owner
- Relate best practices for RMD processing and customer service
WEBINAR DETAILS
The IRA rules are always changing, and the IRA world has really been socked hard the last few years. Unfortunately (or fortunately), that won’t slow down anytime soon. Rule changes, although challenging, can necessitate valid, relevant accountholder touchpoints, opportunities for endearing your customers to your organization, resulting in increased loyalty if handled well. This webinar will provide a legislative and regulatory review, and cover the most recent, relevant pronouncements affecting your operations and accountholders. The year-end statements and reports that must be prepared and sent, January through May, will also be reviewed.
WHO SHOULD ATTEND?
This critical webinar is targeted toward those handling escalations and interfacing with internal legal and compliance staff. It is a must for anyone involved in creating and generating IRA owner statements and reports and preparing IRS reporting files, whether done internally or by outside reporting agencies. It’s helpful for those processing IRA owner distributions to help minimize internal mistakes surrounding IRA withholding. Those fielding questions and/or initiating transactions resulting from face-to-face interactions with IRA owners will also benefit.
