Feb 4, 2020 to Feb 5, 2020
Yes, it’s finally here. After a year of deliberations, the SECURE Act was signed into law under the Appropriations Act on December 20, 2019. Most of the provisions are 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 financial institutions will experience if they don’t have a working knowledge of these changes. Forms will be changed, IRA software must be updated which may take a while. Because of this, you may have to do some “manual” notices to your IRA client base to make sure these time-sensitive changes are implemented.
In the IRA Basic class on Day 1, you may be thinking, I don’t even know the old rules to know what the new changes are. Unfortunately, you will need to know the old and the new rules because most of the IRA rules prior to 1/1/2020 are “grandfathered”. But don’t worry, you will have the totally updated IRA “Red” Book Training manual with lots of “cheat sheets” to show you the “before” and “after”.
In the IRA Advanced Day 2, we will summarize the changes and then actually get into the nitty gritty of new distribution regulations to owner’s and beneficiaries - what stays the same and what changes? How do we disclose all these changes to our customers?
February 4 & 5
8:30 a.m. Registration & Continental Breakfast
9:00 a.m. Program Begins
12:00 Noon Lunch (included)
1:00 p.m. Program Resumes
4:00 p.m. Program Adjourns
Day 1: IRA Basic Issues
Day 2: IRA Intermediate/Advanced Issues
Patrice M. Konarik is president of Sunwest Training Corp. founded over 20 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 30 years in the financial industry, Patrice has focused her expertise on the retirement and new account areas and is currently providing live training and Webinars on these subjects on a nationwide basis. She has a BS in Management Science from New York’s Binghamton University. Many state banking associations and other organizations use her as their main source for training on these complicated topics. Patrice is very approachable and encourages attendees to ask questions during the classes.
This intensive 2-day format will help you pull it all together by helping you learn the following:
Since this is not vendor-form-specific, please bring a copy of your bank’s IRA Application form, Contribution Form, Distribution Form and Rollover Review or Rollover Certification Form as well as any other forms you may have questions on.
The following fees include the program, materials, lunch and refreshments:
$450 for two day school (same person both days)
$250 each attendee, Tuesday, February 4 - Basic Issues Only
$250 each attendee, Wednesday, February 5 - Intermediate/Advanced Issues Only
Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at applicable member or non-member rates. Surcharge of 100% for Non-Members.
This two-day school will be held at the IBA Center for Professional Development, 8425 Woodfield Crossing Blvd. Suite 155 E, Indianapolis, IN 46240. For a list of hotels near the IBA please call the IBA Office at 317-387-9380.
If you have any questions regarding the Understanding the SECURE ACT of 2020 course or any of the educational offerings of the Indiana Bankers Association please contact: Laurie Rees, Vice President - Education & Training at 317-387-9380 or Lrees@indianabankers.org.
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations 1 day prior or absences on the day of the program. Substitutions are welcome at any time.