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"Care Bill" and "SECURE Update" Webinar
Thursday, April 16, 2020, 9:30 AM - 10:45 AM CST
Category: SDBA Events

Retirement Plan Changes: QRPs and IRAs

Thursday, April 16, 2020
9:30 - 10:45 a.m.
JM Consultants, Michael O'Brien

Cost: $195 - additional bank branch connections are $60 per connection

Register Now

The $2.2 Trillion Coronavirus Aid Relief and Economic Stimulus Care (CAREs) Act was passed March 27, 2020 and takes effect immediately. Many of the provisions in the new legislation affect all of your IRA customers while certain provisions apply specifically to individuals affected either directly or indirectly by the Coronavirus. The information contained in this program provides you with the background and details necessary to answer questions from your IRA and HSA customers. Also, the “SECURE Act” passed December 19, 2019 contained the most changes to retirement plans since the Pension Protection Act of 2006. This webinar includes all the new IRS guidance released on the SECURE Act since January 1, 2020, including unanswered questions on Required Minimum Distributions and beneficiary options. More detailed information will be provided in future training programs provided by your Association or financial organizations can schedule in-house customized training programs. Webinar topics include:

  • Operational considerations for the extended tax filing and retirement plan contribution deadline              
  • CAREs effect on SEPs, SIMPLEs, and HSAs
  • Handling eligible Coronavirus distributions and subsequent rollover contributions
  • Details on suspended 2020 Required Minimum Distributions and coordinating with IRA holders who turned 70½ in 2019
  • Handling 2020 RMDs that have already been distributed to IRA holders
  • New 2020 5498/1099R IRS reporting requirements
  • Expected IRS guidance
  • Many others!

Questions: Contact Mike Nelson by phone at 218-831-1858 or by email at [email protected]