Managing IRA beneficiary designations and explaining allowable distribution options to IRA beneficiaries may very well be the most complex area of administering your IRA program. If you deal directly with members or have IRA operational or reporting responsibilities, this session is for you. It will thoroughly cover the rules and best practices surrounding beneficiary designations, allowable distribution options, and processing procedures.
Whether you are new to the IRA arena or an experienced professional, this webinar will provide a solid understanding of IRA beneficiary rules, important considerations, and reference tools needed to confidently provide IRA beneficiaries with the information required to make informed decisions. Join us to learn the current guidance on processing, titling, and government reporting associated with beneficiary IRAs.
- The four most common categories of beneficiary designations and proper documentation
- Allowable beneficiary distribution options
- How an IRA member’s age at death affects beneficiary options
- Identify your responsibilities (versus best practices) to assist and notify beneficiaries of their options
- How your IRA agreement may limit or affect beneficiary options
- Potential pitfalls of certain trust and estate beneficiary designations
- IRA custodian’s responsibilities for titling and reporting on beneficiary IRAs
- TAKE-AWAY TOOLKIT
- Sample quick reference beneficiary options chart
- Sample beneficiary notification letters
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session will benefit all staff and management responsible for establishing IRAs, IRA coordinators and administrators, and anyone involved with IRA operations and compliance.
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.
Nationally renowned, Frank coordinates and conducts pension and financial seminars and training programs throughout the United States. 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.
Lending Council members receive a 10% discount
|Over $75 million
|$7 - 75 million
|Under $7 million
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $7M, 50% for credit unions between $7-$75M and 25% for credit unions over $75M.
Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.
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.