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2024 SDBA Fall IRA Update - Virtual
Thursday, November 14, 2024
Category: SDBA Events

2024 SDBA Fall IRA Update - Virtual

Thursday, November 14, 2024

Virtual via Zoom

Register Online | Download & Print Registration Details

SCHEDULE & REGISTRATION FEES

• 8:30 a.m. - 12:00 p.m. Program
• 12:00 - 1:00 p.m. Lunch Break
• 1:00 - 3:30 p.m. Program continues

Member - $290
Non-Member - $390

CANCELLATION POLICY

100% refund if canceled on or before 11/1/2024; 75% refund if canceled 11/2-11/8; no refund if canceled after 11/8.  Substitutions allowed at any time. 

 

SEMINAR DETAILS

The 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 includes how the SECURE Act really changes our two biggest topics: RMDs and death distributions and discusses any pending legislation. This is a specialty session; some previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.

COURSE HIGHLIGHTS

1. Death Distribution Options
2. Final SECURE 2.0 changed some of the options, but how old beneficiary options can be used.
3. Creating Inherited IRA Accounts
4. Reporting to IRS in the “year of death” and then “year after death.”
5. Getting ready for year-end and what happens in January: Fair Market Statements, RMD notices, and 1099-Rs
6. Life expectancy table! RMD calculations and inherited IRA RMD calculations change
7. Amendment and plan agreement update
8. Legislative update

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

Matthew Dickinson, CISP, has been working with IRAs for 18 years. Matthew not only instructs, but he listens and responds to special needs and involves his audience in an effective group learning experience. Attendees are encouraged to ask questions or share concerns throughout the program.

QUESTIONS 

Call the SDBA at 605.224.1653 or email [email protected]