Three Part IRA Series

Mississippi Bankers Association and Sunwest Training Corp.

Present

A Three-Part Spring IRA Virtual Series
May 18, 19, 20

9 am to 12 pm 
via Zoom

What an IRA roller coaster ride this has been!! After a year of deliberations, the SECURE Act was signed into law under the Appropriations Act on December 20, 2019. Most of the provisions were in effect on January 1, 2020. These are the most substantial changes we’ve had to IRAs in almost 15 years. There are too many issues and too many potential pitfalls that financial institutions will experience if they don’t have a working knowledge of these changes. Forms are being changed, IRA software must be updated - which may take a while. 

There are many questions being asked by your customers and fellow workers. We may not have the answers to all the questions, but we do want to make sure we give the correct information on the things we do know about.

Each part of the 3-hour Webinars will be held live on 3 consecutive mornings.

Each paid attendee will receive the full 280-page IRA Training and Reference Manual - no matter which day you attend.

 

5/18/2021 IRA Webinar – Part I - Basic

This Basic-level Webinar will begin to explore the IRA world to build your comfort level.

Topics covered are:

  • IRA Terminology Review (top 20 terms of IRAs)
  • IRA Forms used to open an IRA for a new customer
  • IRA Support Forms used for existing customers to contribute, rollover or distribute from an IRA

NOTE: Please have your own IRA forms available during the session to follow along – including the IRA Application and/or Plan Documents and contribution forms, Rollover Review or Certification Forms

5/19/2021 IRA Webinar – Part II – Intermediate

This Intermediate-level Webinar will define the rules and regulations for the different plan types and the Rollover/Transfer differences.

Topics covered are:

IRA Plan Types

  • Traditional IRA
  • Roth IRA
  • Conversion Roth IRA
  • Simplified Employee Pension Plan – SEP IRA

Qualified Plan and IRA Rollovers vs. Transfers

  • Qualified Plan to IRA Direct Rollover vs. Indirect Rollover
  • IRA to IRA Rollover
  • IRA to IRA Transfer

5/20/2021 IRA Webinar – Part III – Advanced

This Advanced-level Webinar finishes up the series with the more complicated discussions of IRA distributions to owners and beneficiaries.

Topics covered are:

Beneficiary Designation Review

  • Comparing Primary vs. Contingent Beneficiaries
  • Naming an Estate or Trust as beneficiary

IRA Distributions

  • Prior to age 59.5
  • Required Minimum Distributions to IRA Owners
  • Procedures and 9 red flags of beneficiary payouts

Who Should Attend

All bank employees who are involved in the frontline opening of IRA or the back-office operational functions, call center reps, trust or investment officers and branch managers will gain a wealth of knowledge by attending all three sessions – although they can also be attended separately to acquiring knowledge in a certain subject area.

Presenter – Patrice M Konarik

Patrice Konarik is President and Founder of Sunwest Training Corp. located in the Texas Hill Country north of San Antonio. For over 27 years, Patrice has presented live IRA training for thousands of bank employees across the country. She has also facilitated Webinar training every year for the last 20 years on this complicated topic. She has a BS in Management Science from New York’s Binghamton University and many State Banking Associations and as well as other organizations across the country use Patrice as their main source for IRA training. 

 

´╗┐Registration Form for Virtual IRA Series

 

BANK/COMPANY NAME: ____________________________________________

REGISTRANT NAME: _______________________________________________

CELL NUMBER: ___________________________________________________

EMAIL ADDRESS: __________________________________________________

 

Registration Fee: MBA Members: $225 per session/per location

$599 for all three sessions/per location

Virtual conferences allow for BANKS to register by location (device) instead of by individual banker. Want your branches to participate? Facilities within your organization will be able to participate without the travel costs of coming to one location.

 

With the COVID-19 Pandemic we are asking everyone to pay by credit card. 

TO REGISTER: Scan & Email to lrichardson@msbankers.com

QUESTIONS: Contact Lori Richardson (601) 709-3736 or email the address above.

 

_____ Beginners Session _____ Intermediate Session  _____ Advanced Session

_____ All 3 sessions   

 

TO REGISTER: Scan & Email to lrichardson@msbankers.com

QUESTIONS: Contact Lori Richardson by calling (601) 709-3736 or emailing at the address above.

 

Credit Card Information

Name on Bank Card________________________________________________

Credit Card Number________________________________________________

Expiration Date___________________________CVV_______________________

Billing Zip Code_____________________________________