2023 SDBA Spring IRA Update Seminar

Tuesday, March 14, 2023

Hyatt Place South | 4935 Lake Shore Blvd | Sioux Falls, SD

Register Online | Print Details & Registration Information

SCHEDULE & REGISTRATION FEES

• 8:30 - 9:00 a.m. Registration
• 9:00 a.m. - noon Program
• 12:00 - 12:45 p.m. SDBA host luncheon
• 12:45 - 4:00 p.m. Program continues

Member - $285
Non-Member - $385
Pricing is based on individual viewing. (Includes program, instruction materials, lunches and breaks.) 

SEMINAR DETAILS

The IRA Update builds on your knowledge of IRA basics to address some of the more complex IRA issues your financial organization may handle. This course includes how the transitions rules work, RMDs and death distributions. We will also discuss amending documents. 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: How SECURE changed some of the options but how we still use some of the old beneficiary options
2. Creating inherited IRA accounts
3. Reporting to IRS in the “year of death” and then “year after death”
4. When and how to use the “W-4R” in 2023 and what happens to the “W-4P”
5. Review RMD rules and characteristics
6. Getting ready for year end and what happens in January: Fair Market Statements, RMD Notices and 1099-Rs
7. Life expectancy tables for 2023 RMD calculations and inherited IRA RMD calculations change
8. Amendment and plan agreement update
9. RMD age now 73
10. Legislative update – SECURE 2.0 updates

WHO SHOULD ATTEND?

• IRA administrators, personal bankers, or member services personnel who have a working knowledge of basic IRA operations and wish 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 has been working with IRAs for 19 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 & SPECIAL REQUESTS

Call the SDBA at 605.224.1653 or email [email protected].