IRA Beneficiary Payout Options: The New Rules and When They Take Effect

Date:

Mar 13, 2025

Register

The Proposed Regulations released in February 2022 tried to clarify the original intention of the SECURE Act of 2020. After waiting in limbo for over two years, in July 2024 the IRS released the final regulations that take effect beginning in 2025. This webinar will cover the regulations and what you need to know.

Agenda

Thursday, March 13th, 2025
11:00 am - 1:00 pm EST

  • What is meant by the “Required Beginning Date” to determine which IRA owners are in RMD status at death?
  • Do beneficiaries who chose to skip their RMDs in 2021-2024 have to make them up in 2025?
  • How do we calculate the 2025 divisor for owners who died beginning in 2020?
  • What are the three classes of beneficiaries to determine their payout options?
  • What are the new distribution rules regarding a surviving spouse setting up an Inherited IRA?
  • Do we use the owner’s age or the beneficiary’s age on the Single Life Table to obtain the divisor for RMD purposes?
  • What are the rules for successor beneficiaries when the original owner died before 2020 or beginning in 2020?
  • What penalties may be imposed if the beneficiary does not begin death distributions in 2025?
  • What are the final regulations for payout options to a trust beneficiary?
Topics

Topics

  • Customer Service
  • Deposit
  • Deposit Accounts
  • IRAs
  • Reporting
  • Teller
  • Trusts

Roles

  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • New Accounts Representative
  • Private Banker
  • Teller
  • Training Manager
  • Trainer
  • Trust Officer

Who Should Attend
All CSRs, tellers, operations department reps, call center employees, and anyone who determines who the beneficiaries are for payout options would greatly benefit from this two-hour informational webinar.

Speaker(s)

Patrice M Konarik is president of Sunwest Training Corp founded almost 30 years ago and located in the Texas Hill Country near San Antonio. With over 40 years of experience in the financial industry, Patrice has focused her expertise on the retirement account area. After 28 years on the road providing live training nationwide, she now concentrates on providing informational IRA and HSA webinars through OnCourse Learning. She has a B.S. in Management Science from New York’s Binghamton University and previously held her Certified Financial Planner designation for 23 years.

Fees

$299.00 or 1 Token

Available Upgrades

  • 12 Months OnDemand Playback $120.00
  • 12 Months OnDemand Playback + Digital Download $150.00
  • Additional Live Access $95.00 per person
Association Contact

Brooke McCormack, Education Meeting Coordinator
bmccormack@indiana.bank
317-387-9380