IRA Basic & Update Review

If you have been looking for a seminar that will answer all your simple and complex questions, this one fits the bill.  This comprehensive A-Z seminar will provide the new IRA banker and supervisor with a complete understanding of all areas of the IRA account, as well as the newly enacted regulations.

This seminar will be held at two different locations.

Wednesday, March 22, 2017
9:00 AM - 4:00 PM

State Bank of Southern Utah
377 North Main Street
Cedar City, UT

Thursday, March 23, 2017
9:00 AM - 4:00 PM

Utah Bankers Association
175 South Main Street, Suite 1420
Salt Lake City, UT


Registration Link - for Cedar City location
Group Registration Link - for Cedar City location

Registration Link - for Salt Lake City location
Group Registration Link - for Salt Lake City location


Group Registration Instructions


IRAs, have always been one of the more complicated products offered at financial institutions.  Most of the employees will run for the hills if they hear those three dreaded letters “I-R-A”.  But, what if you could achieve a comfort level that would eliminate that fear factor?   The goal of this all day workshop is to start at the beginning of "What is an IRA"; "Who can have an IRA"; "How much can they contribute" and most importantly… “What is the difference between an “IRA Rollover” and an “IRA Transfer”?  All areas will be thoroughly discussed with emphasis on the responsibility of the financial institution vs. the responsibility shifting to the accountholder.

Year 2017 HIGHLIGHTS:

  • IRA Terminology in simple format    
  • Explanation of IRA Forms including Beneficiary Designations (bring your own forms)
  • Qualifications, deadlines and NEW contribution limits – including new 2015 Cost of Living Adjustments - for a:
    • Traditional IRA
    • Regular and Conversion Roth
    • Health Savings Accounts
  • Qualified Plan Rollovers to Traditional and Roth IRAs
    • Direct vs. Indirect
  • Moving IRA Funds
    • Rollovers vs. Transfers including extensive clarification on the “once-pre-12-month” Rollover rule change 
    • Explanation of the 60 day late rollover extension and reporting
  • Distributions
    • Distribution Information and coding
    • 9 Red flags of beneficiary payouts

Instructor

Patrice M. Konarik is president of Sunwest Training Corp. founded over 20 years ago and is 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 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.  Patrice’s upbeat personality and former banking experience easily encourages interaction and questions during the training sessions.

Audience

New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Accountholder Service Representatives, Investment and Trust Personnel who are NEWLY involved in the opening, selling, marketing, or administration of IRAs.  Any officer/manager who "oversees" the IRA department and may be responsible for answering IRA accountholders questions or concerns but does not actually open IRA accounts.  Experienced IRA Personnel who like a slower pace workshop. 

Registration and Fees

The fee for the seminar is $325 for UBA Members and $490 for Non-Members. The fee includes all seminar materials, including a 275 page manual, and lunch. The deadline for registration is Friday, March 10, 2017. A $25.00 late fee applies after that date.

Cancellation Policy

Cancellations received more than 30 days prior to the conference will receive a full refund.  Cancellations received between 30 days and March 10, 2017 will be charged a $50 processing fee. There will be no refund for cancellations received after March 10th. Substitutions are always welcome and encouraged. All cancellations and substitutions must be submitted in written format prior to the event.