Advanced: Rollovers, Transfers, Beneficiary Payouts - Nothin' To It!!, Presented by Patrice Konarik

Recorded on January 21, 2016   |   With Patrice Konarik

Advanced: Rollovers, Transfers, Beneficiary Payouts - Nothin' To It!!, Presented by Patrice Konarik

With Patrice Konarik
  • 1 Video
  • 3 PDFs
  • 2.0 hrs
Course description

ICB Credit: 2.5 CRCM

If you have a good grasp of IRA basics but need information on the more complex IRA questions involving transfers, rollovers, distributions, and IRS reporting, Patrice Konarik's webinar, "IRAs--Complicated Issues," is just what you've been looking for.

The more complicated areas of IRAs are the ones that can tempt you to put in for early retirement - especially because people and industries use the terminology incorrectly. Incorrect terminology leads to incorrect reporting - which leads to mismatches between financial institutions- which results in an automated letter and bill from the IRS computers. It's a chain reaction!!!

Too many times knowledge is gained by accessing information from unreliable sources on the internet. This leads to incorrect information provided to IRA accountholders. While most employees are not licensed to give "advice" to IRA accountholders, we can give them information - as long as it's correct. Many times you are fighting other institutions and industries who are not giving them correct information - most specifically on moving money between IRA accounts - which results in huge tax consequences for your IRA account holders.

In this 2 hour Webinar you will learn and understand the following concepts:

  • The Difference Between a Qualified Plan Direct and (Indirect) Rollover
  • The REAL difference between an IRA Rollover and an IRA Direct Transfer
  • A Review of IRA Federal Withholding Calculation
  • Distribution Exceptions Prior to age 59.5
  • Distribution Calculations at Age 70.5
  • Distributions to Spouse and Nonspouse Beneficiaries

New Account Personnel (may require some IRA experience) Customer Service, Call Center personnel for Customers and Branch Personnel, Auditors, Compliance, Beginners and Experienced Personnel who want to better understand the more complicated areas of IRAs

Course Curriculum

IRA Advanced: Rollovers, Transfers, Beneficiary Payouts - Nothin' To It!!
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Patrice  Konarik
Patrice Konarik

Patrice M. Konarik, CFP, is founder and president of Sunwest Training Corp. located near Galveston, Texas. With over 20 years experience in the financial industry, Patrice has focused her expertise on the retirement and deposit account areas and is currently providing training for state banking associations, credit unions and other organizations in over 20 states. She has a BS in Management from New York's Binghamton University and earned her Certified Financial Planner designation in 1990. Patrice brings the information to life with her in-depth knowledge, her keen sense of humor and an unlimited supply of "true life" examples.