IRA's Part 3 - Distributions and Beneficiary Payouts Webinar

The most legal part of the IRA paperwork is the Beneficiary Designation section and actually paying to the correct beneficiary. Understanding who gets the money at death and what options the beneficiaries has will prevent incorrect payouts and possible liability to the bank.

In part three of this four-part series we will look at how the money flows to a primary vs. contingent beneficiary. Plus, watch out for the 9 red flags of beneficiary payouts. The new shortened payouts to nonspouse beneficiaries as part of the SECURE Act and CARES Act provisions will also be discussed.

What You Will Learn

  • Basic difference between primary and contingent beneficiaries
  • Naming an estate or trust as a beneficiary IRA Distributions includes:
    • New IRS penalty exceptions prior to age 59½ and the proper IRS coding
    • Required Annual Notifications for RMDs and Withholding
    • The NINE red flags of beneficiary payouts ‘€“ including reporting pitfalls
    • Discussion of beneficiary payout options ‘€“ including spouse, nonspouse, estate and trust
    • Setting up the Inherited IRA and documentation requirements

This is part three of a four-part series. While attending one part of the webinar series may help, attending all four parts will give you the most comprehensive breakdown of the rules and regulations.

You are encouraged to bring a sample of the IRA forms your bank is currently using for your review during the session including: IRA Distribution forms, Annuals Notices, Beneficiary Election form and any other forms you may have questions on.

Who Should Attend?

This is a crucial webinar for anyone even remotely involved in IRAs including, frontline, back office, call center, investment department, and trust department personnel will benefit greatly from the thorough discussions of the more complicated aspects of the IRA world. The content is at the intermediate to advanced level with a minimum of two years’€™ experience recommended. It is assumed that participants have a working knowledge of IRAs.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

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Related Topics

Instructor

Patrice Konarik
Patrice Konarik

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, Patr... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
IRA's Part 3- Distribution and Beneficiary Payouts1 Any AnyWebinarSix Month On-Demand Recording Patrice Konarik$295.00 Register Now
IRA's Part 3- Distribution and Beneficiary Payouts1 Any AnyWebinarCD-ROM Video Recording Patrice Konarik$345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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