The SECURE Act and CARES Act have drastically changed IRA distributions for many beneficiaries. Do you understand the changes and compliance requirements? What about the distribution options? Now is the time to get up to speed!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand the fundamental concepts of the new beneficiary distribution rules under the SECURE Act and CARES Act
- Recognize the four most common categories of beneficiary designations
- Identify proper documentation of beneficiary designations
- Discuss allowable beneficiary distribution options
- Review sample quick reference beneficiary options chart
- Explain how the IRA owner’s age at death affects beneficiary options
- Determine how your IRA agreement may limit or affect beneficiary choices
Managing IRA beneficiary designations and explaining allowable distribution options to IRA beneficiaries may be the most complex area of administering an IRA program. Now the SECURE Act and CARES Act have dramatically changed the distribution requirements for many IRA beneficiaries. Learn the facts needed to confidently provide IRA beneficiaries with the information required to make informed decisions. This timely session will provide a solid understanding of current IRA beneficiary rules and important considerations.
WHO SHOULD ATTEND?
This webinar will benefit staff who deal directly with IRA owners or who have IRA operational, compliance, or reporting responsibilities. Managers and individuals who hold insurance and securities licenses will gain a solid understanding of the new requirements for handling beneficiary accounts starting in 2020.
- Employee training log
- Interactive quiz
SPEAKER: Frank J. LaLoggia, LaLoggia Consulting, Inc.
Frank LaLoggia is the President of LaLoggia Consulting, Inc., Rochester, New York, a pension consulting firm that assists financial organizations with ongoing support in the creation, development, and marketing of their retirement plans offerings.
Frank coordinates and conducts retirement plan seminars and training programs throughout the United States, including in-house IRA, HSA and employer retirement plan training sessions. With over 39 years’ experience in employee benefits, 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 University's Center for Continuing Education and The National Retirement Plans Training Conference.