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2017 WBA IRA Workshops
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IRA Rules and Regulations

10/11/2017 to 10/12/2017
When: 10/11/2017
8:00 AM
Where: Hilton Garden Inn
Casper, Wyoming 
United States
Presenter: Patrice M. Konarik

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Seminar Description

So you have finally received that “promotion” you never wished for – IRA Guru!!  On the first day of training, you feel like someone put you in a rocket ship and launched you into outer space.  In other words, you have NO IDEA what they are talking about.  Everything just sounds alien to you.  It’s true.  IRAs are a different world from the other accounts at your bank.  Oh, they may look similar, but the rules, regulations and IRS reporting build the complications to the point where you feel like you are on another planet!!  And, just when you finally grasp it, they change the rules again! 


While it may take years to build a confidence level where you can answer almost any question thrown your way, the goal of these two days is to raise your comfort level if you are a rookie and to reinforce your knowledge if you have a higher level of experience.  You will also receive your favorite “tool” – the 250-page 2017-2018 Sunwest Training Corp’s IRA Training and Reference Manual - which is not only full of easy-to-follow IRA information, but also lots of “Cheat Sheets” and “Quick Reference Tools” to get you through your day-to-day tasks of dealing with your IRA customers.



This intensive 2-day format will help you pull it all together by helping you learn the following: 


1.     Understanding the Top 20 Basic Terms of IRAs.

2.     Next we will review the most commonly used forms to create and complete IRA transactions. (Since this is not vendor-form-specific, please bring a copy of your bank’s IRA Application form, Contribution Form, Distribution Form and Rollover Review or Rollover Certification Form as well as any other forms you may have questions on).

3.      As the day goes on, you will pick up knowledge of the IRA plan types, Traditional, Roth and SEP. 

4.      As we go into the second day, we will nail down the use of the proper terminology of “Rollover” vs. “Transfer” when moving money from an employer plan to an IRA and from an IRA to an IRA. IRA to IRA Rollover rules had big changes effective 2015!!

5.     NEW   How to report “late” or “tardy” rollovers on the 2017 5498.

6.     Finally, as the trip is completed, you will master the complicated areas of IRA Distributions to owners and beneficiaries and IRS reporting, resulting in a better picture of this complicated topic.



Whether you are looking to gain basic knowledge of IRAs, raise your comfort level or sharpen your skills with the most up-to-date rules and regulations, this two day format will cover everything! 


The agenda for each day is as follows:


Day 1:  IRA Basic Issues

  • IRA Terminology—Top 20 Terms
  • Explanation of IRA Forms (Not Forms Specific – please bring your own forms including Application, Contribution form, Distribution, Rollover Review or Certification and any other commonly used forms)
  • Beneficiary Designations including Primary and Contingent, Trusts and Estates
  • Qualifications, 2017 Contribution Limits and other regulations for a:

- Traditional IRA

- Roth and Conversion Roth

- SEP IRA’s contributions and IRS reporting


Day 2:  IRA Intermediate/Advanced Issues

  • Health Savings Accounts
  • ŸQualified Plan Rollovers to a Traditional or Roth IRA-6 Red Flags  

           - Direct vs. Indirect

  • ŸIRA to IRA Indirect Rollovers and Direct Transfers –Once-per-12-month rule clarifications and NEW RULES on 60 day exceptions and reporting
  • Distributions

    - Before age 59 ½

    - At age 70 ½  including mandatory notices

    - 9 Biggest Mistakes of IRA Beneficiary Payouts

    -  Overview and Explanation of IRS Reporting Requirements

    - Plus any updated changes to IRAs proposed and enacted for 2016/17                                                                             


There will be a review at the end of each day’s class.


Each day can be attended independently, but for a more comprehensive learning experience, both days are recommended. The same book will be used for both days.



Who Should Attend?

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 to cover all the new changes in a comprehensive manner.


Seminar 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 IRAs 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 is very approachable and encourages attendees to ask questions during the classes.



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