IRAs Part 1 – The Basics 2023
For series pricing, click here.
The IRA Basics will kick off with a review of the most common IRA terminology and how it effects IRA reporting the IRS. We will then review the forms used to establish a plan for a new customer vs. supplemental forms for existing IRA customers.
Next, we compare the plan types such as a Traditional IRA, Roth IRA, and SEP IRA by discussing A–Z the rules and regulations on contribution limits, tax deductions, type of interest earned and distribution requirements.
- When do we have to open a new set of plan documents for existing IRA customers and when do we use just supplemental forms?
- What are the disclosures an IRA customer must receive when opening a new plan?
- What are the new contributions limits for Traditional and Roth IRAs?
- When can a customer deduct an IRA contribution and how does it affect our IRS reporting?
- When is the interest really tax-free on a Roth IRA?
- When do mandatory distributions start from a Traditional IRA?
- How can the customer move their Traditional IRA to a Roth IRA and what are the tax consequences?”
Who Should Attend?
Any employee who is new to the bank or customer service area and needs to learn the very basic rules and regulations of IRA should attend. In addition, any experienced IRA employees who would like a ‘refresher’ on the latest ever-changing rules and regulations of IRA would also benefit from this informational webinar.
Presenter
Patrice M. Konarik is president of Sunwest Training Corp. founded over 25 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 35 years in the financial industry, Konarik has focused her expertise on the retirement account area and is currently providing live training and Webinars on IRAs and Health Savings Accounts on a nationwide basis. She has a BS in Management Science from New York’s Binghamton University. Many state banking associations and other organizations use her as their main source for training on these complicated topics.
Registration Options
Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279
- Available Upgrades:
- 12 Months OnDemand Playback + $110
- 12 Months OnDemand Playback + Digital Download +$140
- Additional Live Access + $85 per person
