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Basic and Advanced IRA–Fall Session

Location:TBA Barrett Training Center, Nashville
In Person Dates:October 5 & 6, 2022
Virtual DateOctober 12, 2022
Early Registration Ends:In Person: September 21, 2022 Virtual: September 28, 2022
Pricing
Member
Non-Member
In-Person Both Days
 
 
In-Person Day One
 
 
In-Person Day Two
 
 
Virtual
 
 

Patrice M. Konarik, president of Sunwest Training Corporation, will cover the basic and advanced aspects as an IRA custodian. The Day 1 basic seminar will include beginning knowledge of IRA terminology, proper IRA set-up and plan opening, qualifications and contribution limits for all IRA plan types, rollovers and transfers, and basic distribution information. The Day 2 intermediate-level seminar will explain the most up-to-date changes, including health savings accounts and nonspouse beneficiary rollovers from qualified plans. You will also learn what to include in your IRA customer files. Konarik will go over extensively complicated distribution issues, such as the “9 RED FLAGS” of death payments to a beneficiary, to make sure your IRS reporting is on the right track. This program is a repeat of the spring Jackson and Nashville seminars.

Note for all IRA training: Each single day of IRA training can be attended independently of the other, but for the most comprehensive learning experience, attending both sessions back to back is recommended. Each attendee will receive the 250-page IRA Training and Reference manual–also known as the “RED BOOK!”

 

Day 1: IRA Basic Issues
• IRA Terminology—Top 20 Terms
• Explanation of IRA Forms—Not Forms Specific (Please bring your own forms including Application, Contribution form, Distribution, Rollover Review or Certification and any other commonly used forms)
• Beneficiary Designations including Primary and Contingent
• Qualifications, 2022 contribution, income phase-out limits, age limits and other new regulations for a:
– Traditional IRA
– Roth and Conversion Roth
– SEP IRAs contributions and IRS reporting
• Differences between “postponed” and “repayment” contributions
• Qualifications, 2022 contribution, income phase-out limits, age limits and other new regulations for a:
– Traditional IRA
– Roth and Conversion Roth
– SEP IRAs contributions and IRS reporting

Day 2: IRA Intermediate/Advanced Issues
• Updated legislative regulations on IRAs as the result of the SECURE 1.0 and 2.0 and the 2022 Cost of Living Adjustments
• QP Rollovers and IRA Rollovers and Transfers
• Distributions
– Federal income tax withholding
– Before age 59½—reporting the penalty exceptions.
– At age 72 beginning in 2021, including mandatory notices
– 9 biggest mistakes of IRA beneficiary payouts
– Rules on new proposed rules on non-spouse beneficiary payout requirements beginning in 2022
– Overview and Explanation of IRS Reporting Requirements

 

Continuing Education Credit
Attendees qualify for 6.5 hours of Continuing Professional Education (CPE) credit for each in-person day in the area of Specialized Knowledge.

 

Not able to attend in-person? Join us for virtual IRA Advanced Update on October 12
In this informational session, the SECURE Act 1.0 and 2.0 changes and other enacted rules will be detailed in reference to future planning for your clients. Each paid participant will receive a newly updated 275-page IRA Training and Reference Manual.
• Updated legislative regulations on IRAs as the result of the SECURE 1.0 and 2.0 and the 2022 Cost of Living Adjustments
• QP Rollovers and IRA Rollovers and Transfers
• Distributions
– New rules on Federal Income Tax Withholding
– Before age 59½—reporting the penalty exceptions.
– At age 72 beginning in 2021—including mandatory notices
– 9 Biggest Mistakes of IRA Beneficiary Payouts
– Rules on new proposed rules on non-spouse beneficiary payout requirements beginning in 2022
• Overview and Explanation of IRS Reporting Requirements

Virtual early registration deadline is September 28. Fees are the same as one-day in-person fees. No day-of virtual registration allowed.