IRA Series: IRA Beneficiary Designations & Distributions: Options, Best Practices & Compliance
March 11, 2025
Live Webinar:
DateMar 11, 2025Duration90 minutes
12:00 PM PDT01:00 PM MDT
02:00 PM CDT03:00 PM EDT
- Unlimited connections for your institution
- Available on desktop, mobile & tablet
- Take-away toolkit
- Presenter’s contact info for questions
On-Demand Webinar:
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
First there was the SECURE Act of 2019, then proposed RMD regulations, then SECURE Act 2.0, and now final RMD regulations – it’s a lot to track!
With old rules grandfathered in
and now the addition of new rules, it’s easy to get frazzled. This program will
help.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Confidently capture beneficiary designations
- Describe the benefits of capturing and maintaining complete, up-to-date beneficiary information
- Research and arrive at options given a specific beneficiary scenario
- Understand the implications of the final RMD regulations on your financial institution’s inherited IRA policies and procedures
- Implement best practices other institutions use to minimize risk while maximizing IRA holder satisfaction
WEBINAR DETAILS
The rules governing inherited IRAs have changed dramatically in recent years. Effective 1/1/25, the final RMD regulations changed beneficiary distribution options and compliance considerations considerably. The stage is finally set for organizations to make concrete, long-term updates to systems, policies, and procedures surrounding inherited IRAs. At this crucial juncture, IRA providers have the opportunity to incorporate industry best practices and to simplify and streamline procedures while updating their policies and procedures
This will not only yield an improved experience for IRA beneficiaries, but also reduce internal confusion and compliance risks. This course will cover the changes you can make, the changes you should make, and the changes you must make to ensure you remain both in compliance, and best positioned to provide top-notch service to your inherited IRA holders.
WHO SHOULD ATTEND?
This informative session
is designed for staff who are opening IRAs and thereby capturing IRA owners’
beneficiary information. It will also benefit those who audit internal files to
ensure updated information has been sought and changes applied when necessary,
as well as staff tasked with tracking down beneficiaries upon an IRA owner’s
death.
TAKE-AWAY TOOLKIT
- Links to the final as well as newly proposed RMD regulations
- Link to the 2024 instructions for Forms 1099-R and 5498
- IRA beneficiary (and successor beneficiary) requirements job aid
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Convergent Retirement Plan Solutions, LLC
This Webinar Appears In
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