Feb 19, 2025 to Feb 20, 2025
RA providers are scrambling to adjust their policies, procedures, forms, and communications to comply with the ongoing substantive changes to the laws governing IRAs: The SECURE Act 2019, proposed RMD regulations, SECURE 2.0, final RMD regulations and yet another round of proposed RMD regulations have created substantial challenges. These changes affect virtually every facet of IRA administration and servicing, including eligibility, funding, withholding, reporting, required minimum distributions, and inherited IRA distributions. As the IRS continues to issue guidance to implement these changes, IRA providers must stay abreast of these developments—both to help ensure internal compliance as well as to provide top-notch customer service to IRA clients.
The short time frame between the final RMD regulation’s publication date (July 2024) and the effective date (January 1, 2025) also challenges IRA providers nationwide. They must review and revise IRA documents, policies and procedures to comply with the final regulations. Convergent will provide in-depth coverage on the regulations and on the steps providers should take – or should have taken – to comply. We’ll discuss ways to remedy processes that have not been timely adjusted to accommodate the new rules. Keeping abreast of these changes – while not always easy – is crucial to running a compliant IRA program. These IRA courses can help!
8:30 a.m. Registration & Continental Breakfast
9:00 a.m. Program Begins
12:00 Noon Lunch (included)
1:00 p.m. Program Resumes
4:00 p.m. Program Adjourns
Day two will conclude at 3pm EST.
Join us for the IRA Basics course for a full-circle overview of IRAs and the associated rules. This course is perfect for those new to IRAs, and a helpful refresher and update for those needing to “unlearn” some old rules because of the many recent changes. During day one, we’ll provide you with a solid foundation of the basic IRA rules, both old (if still applicable) and new. We’ll also give a high-level summary of the rules surrounding Health Savings Accounts (HSAs) and Coverdell Education Savings Accounts (ESAs).
DAY ONE - IRA Basics - February 19
Loni Porta - Director of Education, Convergent
Loni is the director of education at Convergent and has been with the company since 2004. An industry leader in IRA, HSA and retirement plan education, Loni plans, budgets for and builds training and education products and solutions for financial organizations nationwide. Loni also teaches courses in all delivery formats. She has mastered various learning management solutions as well as various online courseware development tools. An avid student of learning styles and adult learning principles, Loni incorporates her skills thoughtfully into Convergent’s training and education products and services. Loni attended North Dakota State University in Fargo, ND, and came to Convergent after her tenure at Universal Pensions, Inc. (UPI), a nationally recognized retirement consulting and training firm in central MN. During her tenure at UPI, Loni helped design the industry’s first IRA-specific designation program (the American Bankers Association's Certified IRA Services Professional (CISP) program) and NAFCU’s Certified IRA Professional program.
DAY TWO - Advanced IRA Issues - February 20
Throughout day two, we’ll get into the nitty-gritty of the final and new proposed required minimum distribution regulations, exploring—in depth—how these new rules affect both IRA owners and IRA beneficiaries. After thoroughly dissecting the new rules and their impact on IRA owners and beneficiaries, we’ll discuss concrete steps your financial organization can take to help ensure ongoing compliance, while also providing top-notch customer service. We’ll address some of the unique challenges that are often escalated to the advanced IRA professional(s) within your financial organization.
From new hires to seasoned, in-house IRA gurus, these courses offer something for all IRA professionals including: new account representatives; certificate of deposit personnel; savings counselors; accountholder service representatives; investment and trust personnel; compliance officers; and any other officers/managers who oversee IRA operations.
Please join us for one or both sessions!
The following fees include the program, training materials, continental breakfast, lunch & refreshments:
IBA Members
$495 for Both Days
$275 IRA Basics Only
$275 Advanced IRAs Only
Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at applicable member or non-member rates. NonMembers subject to a 100% Surcharge.
These seminars will be held at the IBA Center for Professional Development, 8425 Woodfield Crossing Blvd., Suite 155E, Indianapolis, IN 46240.
If you have any questions please contact Elizabeth DeHaven at 317-333-7169 or via e-mail at edehaven@indiana.bank.
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at anytime.