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SDBA 2022 IRA School
Tuesday, September 27, 2022, 8:00 AM to Thursday, September 29, 2022, 5:00 PM CST
Category: SDBA Events

SDBA 2022 IRA School

September 27-29, 2022
Clubhouse Hotel & Suites, 2320 S. Louise Ave., Sioux Falls, S.D.

If you require overnight lodging, contact the hotel to make your reservation by Aug. 29, at which time the block will be released. Ask for the SDBA rate of $125 for a queen room or $135 for a king room. Call 605.361.8700.

Register Online | Print Details & Registration Information

ABOUT IRA SCHOOL

The SECURE Act impacts two main topics: RMDs and death distributions. The SDBA’s 2022 IRA School on Sept. 27-29 will be offered in person in Sioux Falls, and will address these relevant changes. In addition, IRAs are one of the most complicated areas of bank personnel responsibility, and it is not possible to learn and understand everything. Continual education is necessary to ensure confidence. Working with IRAs is a process and must start with a strong foundation. This school can provide this foundation through a comprehensive curriculum.

WHO SHOULD ATTEND

For new IRA and experienced staff, this program is the quickest, easiest and most comprehensive coverage of IRAs and HSAs. Days one through three of the school will cover new and current IRA material, and previous topics covered at the school will be expanded.

DAILY SCHEDULE

7:30-8:15 a.m. - Registration/Continental Breakfast

8:15-8:30 a.m. - Welcome

8:30 a.m.-noon - Session

Noon-1:00 p.m. - Lunch provided

1-4:45 p.m. - Session

September 27 Agenda

Legislative Update SECURE 2.0

  • Delaying the Effective Date
  • Requiring Beneficiaries to take Annual Distributions for the 10-year Option
  • Naming Multiple Beneficiaries consisting of an Eligible Designated Beneficiary (EDB), Designated Beneficiary (DB) and Non-person Beneficiary (including beneficiaries who may not be identifiable)
  • Providing Verification for being an Eligible Designated Beneficiary
  • Removing the Hypothetical RMD

Plan Agreement

Amendments

  • Required vs Suggested

Beneficiaries

  • Expanded coverage

Contribution Rules

Transfers vs Rollovers

Rollovers: Direct vs Indirect

5498 Reporting Changes

Fiduciary Responsibility  

September 28 Agenda

Distributions: Pre-59 1/2 Exceptions

RMD's: New age 72 Rule

Beneficiaries Election

  • Options/Taxation/Reporting

Trust Beneficiaries (New)

Roth IRA with Distributions

Conversions

  • Rules, Taxation, & Reasons Why

Prohibited Transactions

Taxation

  • Deductible vs Non-Deductible

WHO SHOULD ATTEND DAY 3: (OPTIONAL)

This program is for anyone who is involved indirectly or directly in IRA operations, reporting, auditing or compliance and covers how the SECURE Act will affect bank operations. Attendees will work on actual case problems.

September 29 Agenda

Excess Contributions

Recharacterizations

SEP-IRA

SIMPLE-IRA

Self-Directed IRA's

Reporting Rules

  • 5498's & 1099-R's

How to Correct

  • 5498's & 1099-R's

Health Savings Accounts 

ABOUT THE INSTRUCTOR

Matthew Dickinson 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.

ATTIRE

Business casual is recommended for all sessions. Layered clothing is recommended for your comfort.

SPECIAL REQUESTS

If you have any special requests, please contact Halley Lee at 605.224.1653 or [email protected] by Sept. 16.

QUESTIONS

For questions, contact the SDBA at 605.224.1653 or email [email protected], or school instructor, Matthew Dickinson, at [email protected].

CANCELLATION POLICY

100% refund if canceled Sept. 13 or prior. 75% refund if canceled Sept. 14-19. No refund if canceled Sept. 20 or later. Substitutions allowed at any time.

WHAT TO BRING TO CLASS

1. IRA Vendor Forms 
2. Plan Agreement 
3. Contribution Form 
4. Distribution Form 
5. Transfer Request 
6. Direct Rollover Request 
7. Rollover Certification 
8. 70.5 Election Form
9. Waiver Form
10. Beneficiary Plan Agreement
11. Beneficiary Elections
12. Beneficiary Contribution
13. Beneficiary Distribution Form
14. RMD Letter
15. Withholding Reminder Notice