IRAs: 4 Part Series

Sept. 10th, Sept. 17, Oct. 22, Oct. 30

10:00 am Central Time Zone.  A Program

Click Here to register for live programs $995

Click Here to register and receive recording $1425*

This four part series includes the following webinars. Click each link for a complete description of what will be covered in each session. Each Webinar can also be purchased individually.

Covered Topics

IRAs Part 1 - Start with the Basics  - Thursday, September 10th
Let's introduce you to the basic IRA terminology, forms and plan types. We'll give you a jump-start to build the IRA foundation.

  • Overview of some of the most common IRA Terms
  • What IRA forms do we complete for new IRA customers versus existing IRA Customers?
  • What are the contribution and deduction limits for the IRA plans including:
    • Traditional IRA
    • Roth IRA
    • Conversion Roth
    • SEP IRA

IRAs Part 2 - QP and IRA Rollovers vs. Transfers  - Thursday, September 17th
If there is any confusion in the IRA world, it is the use of the words "rollover" vs. transfer when moving a Qualified Plan to an IRA and/or an IRA to an IRA. There are 3 main questions that need to be asked when receiving money that has previously been part of a QP or an IRA.

  • What is the IRS definition of an IRA for rollover qualification purposes?
  • What happens if an IRA account owner exceeds the once-per-12-month rule?
  • What are the exceptions for the 60-day time period where the customer can “self-certify” the rollover is still allowed?
  • What are the alternatives to moving money from IRA to IRA if not a “rollover”?
  • Which IRA Forms are used and how is the movement reported to the IRS?
  • When does the financial institution have to verify transactions with the other institution?
  • What’s the difference between an IRA Transfer, an IRA Rollover and a Qualified Plan Rollover?
  • Moving money from a Traditional to a Roth or QP to a Roth – Conversion vs. Rollover?
  • Most importantly…How are the transactions above reported to the IRS?

IRAs Part 3 - Distributions and Beneficiary Payouts  – Thursday, October 22nd
On January 1, 2020, the SECURE Act became effective with some of the most sweeping distribution changes we've had to IRAs since 2002. In addition, the life expectancy tables are being updated for 2021 distributions. Lots to catch up on!

  • Basic difference between primary and contingent beneficiaries
  • Naming an estate or trust as a beneficiary IRA Distributions includes:
    • New IRS penalty exceptions prior to age 59½ and the proper IRS coding
    • Required Annual Notifications for RMDs and Withholding
    • The NINE red flags of beneficiary payouts – including reporting pitfalls
    • Discussion of beneficiary payout options – including spouse, nonspouse, estate and trust
    • Setting up the Inherited IRA and documentation requirements

IRAs Part 4 - How to Audit Your IRA Files  – Friday, October 30th
Now that you've been dropped into the IRA department without training, how do you know what to keep and what to toss as far as IRA documents go? Add on to that, your bank just purchased another institution and you have to go through all their IRA files, too!!

  • What are the IRA accountholder notices that must be sent out in a timely manner
  • How to audit the IRA department as far as expertise, form use, procedures and work flow
  • Line by line instructions on 5498 and 1099-R reporting – what’s required vs. what’s optional.
  • How and when to correct IRS reporting to avoid increased IRS fines to the financial institution
  • The most common errors hiding in your IRA customer files
  • Forms and tools for auditing your IRA files
  • 2020 IRA Cost of Living Adjustments


Patrice M. Konarik is president of Sunwest Training Corp. founded over 25 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 35 years in the financial industry, Patrice has focused her expertise on the retirement account area and is currently providing live training and Webinars on IRAs and Health Savings Accounts 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.

* Registration Plus Recording: Includes the live session (one connection, unlimited attendees), CD ROM, (shipped 7-10 business days after live session), unlimited access to OnDemand Playback and links to presenter materials and supplementary handouts for 6 months after live session.