Managing IRA beneficiary designations and explaining allowable distribution options to IRA beneficiaries may be the most complex part of administering an IRA program. Designed for IRA staff with operational, reporting or managerial responsibilities or direct IRA owner contact, this session will provide a thorough understanding of the rules and best practices surrounding IRA beneficiary designations and required death distributions. In addition, you’ll learn your responsibilities when calculating, handling, and processing required minimum distributions (RMDs) from Traditional IRA accounts.
- Understand the four most common categories of beneficiary designations
- Review proper documentation of beneficiary designations
- Discuss allowable beneficiary distribution options
- Review of quick reference beneficiary options chart
- Learn the obligations of the IRA custodian regarding the notification and calculation of required minimum distributions
- Know how to properly calculate RMDs
- Analyze the RMD reporting requirements to the IRS and the IRA owner
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This session is designed for individuals who deal with IRAs, whether face-to-face with IRA account owners, behind the scenes in the IRA operations area, or in a supervisory or managerial capacity. Licensed insurance representatives and registered representatives will also benefit. After this session, you will have a greater understanding of what is important and required when handling and processing IRA beneficiary designations, distributions, and required minimum distributions.
PLEASE NOTE: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.
ABOUT THE PRESENTER – Frank J. LaLoggia, LaLoggia Consulting, Inc.
Frank LaLoggia is the President of LaLoggia Consulting, Inc., Rochester, New York, a pension and financial consulting firm that assists financial organizations with ongoing support in the creation, development, and marketing of their retirement plans and financial-services offerings.
Frank coordinates and conducts pension and financial seminars and training programs throughout the United States, including in-house IRA, HSA, and employer retirement plan training. With over 35 years’ experience in employee benefits, and always in demand, his client list is impressive. He has assisted many leading financial organizations in the pension and financial services industries. Frank has achieved the designation of Deferred Compensation Specialist through Northeastern Universities Center for Continuing Education and The National Retirement Plans Training Conference.
Originally recorded on July 11, 2018.
Recorded webinar link is available until January 31, 2018.
Free Digital Copy included with purchase to download and view beyond link expiration date.
Price includes sales tax.