IRAs: Beyond the Basics - Rollovers and Transfers

Webinar: ID# 1034382
Recorded CD or On-Demand

Qty: Recorded CD ($345.00)On-Demand ($295.00)

Everyone knows you can only do one rollover per "IRA" in a 12 month period - right? But, what's the definition of an "IRA" - An IRA account? - An IRA plan? - An IRA plan type? The actual verbiage on this has always been a little gray and subject to interpretation. In a landslide, mind-blowing court case, the whole rollover world has been turned upside down. Big changes and clarifications regarding rollovers were effective January 2015. As you can see below, this is a jam-packed informational Webinar. And in August 2016, there were even more changes regarding "self-certification" of rollovers occurring beyond the 60 day period and financial institutions still being able to accept them.

• Why is it important to QUALIFY the money coming into the financial institution?
• What are the three questions that should be verified?
• What is the IRS definition of an IRA for rollover qualification purposes?
• What happens if an IRA accountholder 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?
• What is a Recharacterizations between plan types?
• Most importantly...How do we correctly code the transactions above to the IRS?

This is a "must-attend" Webinar for anyone - even remotely - involved in IRAs including, frontline, back office, call center, investment department, and trust department personnel.

You are encouraged to bring a sample of the IRA forms your financial institution is currently using for your review during the session including: IRA Contribution forms, Distribution Forms and Rollover Review/Certification Forms.

Patrice M. Konarik, CFP, is president and founder of Sunwest Training Corp. located in the Texas Hill Country near San Antonio, Texas. With over 30 years experience 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 from New York's Binghamton University and earned her Certified Financial Planner designation in 1990. Many state banking associations and other organizations use her as their main source for training on these complicated topics. Patrice's upbeat personality and former banking experience easily encourages interaction and questions during the training sessions.