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SDBA 2020 Spring IRA Updates - Sioux Falls
Thursday, March 05, 2020, 8:30 AM - 4:00 PM CST
Category: SDBA Events

SDBA 2020 SPRING IRA UPDATES

MARCH 5, 2020

RAMKOTA HOTEL
3200 WEST MAPLE ST.
SIOUX FALLS, SD

DESCRIPTION

The retirement tax bill that has been in the works about for months was passed on December 19, 2019. It is called SECURE. It has been stated it has the most sweeping changes to retirement accounts since the tax bill 2006. Since most everything takes effect January 2, 2020 it is important you and your staff are aware of the changes and how it is going to affect your operations department so they are able to answer questions your accountholders will have.

            

COURSE HIGHLIGHTS

  1. SECURE Bill Passes
    Review of the changes:
    RMDs, Beneficiary Options, etc.
  2. Contribution Rules
    Eligibility
    Contribution Limits
    2019 and 2020 Income Deductibility Limits
    Savers Credit Income Limits
  3. Review of IRA Transfers versus IRA Rollovers
  4. Review of QRP Direct Rollovers versus QRP Indirect Rollovers
  5. Removal of Excess Contributions
  6. What transactions can be Recharacterized
  7. Reporting of Death Distributions in year of death and Year after Death
  8. Updating rules for 5498’s
  9. Withholding Reminder Notices

WHO SHOULD ATTEND?

  • 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.

SEMINAR PRESENTER

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 FEE

Registration $265
Non-Member fee $365

CREDITS

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

SCHEDULE

8:30-9:00 am Registration
9:00-12:00 am Program
12:00-12:45 pm SDBA host luncheon
12:45-3:45 pm Program continues

HOTEL INFORMATION

Ramkota Hotel
3200 West Maple St. – Sioux Falls
605-336-0650