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SDBA 2018 IRA Update - Sioux Falls
Sheraton Sioux Falls & Convention Center
1211 Northwest Ave
Sioux Falls, SD 57104

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Thursday, October 18, 2018, 8:00 AM - 4:00 PM CST
Category: SDBA Events

SDBA 2018 IRA Update

October 18, 2018

Sheraton Sioux Falls

Sioux Falls, SD 


IRA Update builds on the attendees’ knowledge of IRA basics to address some of the more complex IRA issues their financial organizations may handle. This course will also include all changes that have occurred and discuss any pending legislation. This is a specialty session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.



  1. Plan agreement and amendment update
  2. IRA transfer versus IRA Rollover
  3. Moving QRP money as a direct or indirect rollover
  4. Overview of IRA RMDs
  5. Inherited IRAs (1). Setting up (2). Distributions (3). Reporting to IRA, deceased accountholder, and beneficiaries
  6. Roth Distributions: Qualified versus Non-Qualified
  7. Conversions: How and why
  8. Getting ready for year end reporting procedures
    1. Fair market statements
    2. 1099-R
    3. 5498
    4. Withholding reminder notice
    5. RMD letters
  9. DOL Fiduciary Responsibility changed again!
  10. Current Events


  • IRA administrator, personal banker, or member services personnel who has a working knowledge of basic IRA operations and wishes to expand their expertise and provide enhanced customer service;
  • A financial professional who recognizes that IRAs play an integral role in retirement planning;
  • A compliance specialist with procedural oversight of IRA policies and practices; or
  • Support personnel responsible for promotional materials that describe the services provided by your financial organization.


Michael O’Brien has been a key player in the retirement services industry for more than 30 years. He has served as senior vice president of Integrated Retirement, vice president of retirement products and solutions at Ascensus, and senior consultant with Universal Pensions, Inc. O’Brien has provided consulting and educational services to all facets of the retirement industry.


Registration - $265
Non-Member Fee - $365


8:30 - 9:00 AM - Registration
9:00 - 12:00 PM - Program
12:00 - 12:45 PM - SDBA host luncheon
12:45 - 3:45 PM - Program continues


We have applied for 6 hours of continuing education credits from the SD Division of Insurance.


Sheraton Sioux Falls & Convention Center
1211 Northwest Ave - Sioux Falls

Contact: Halley Lee - 800.726.7322 or [email protected]