IRA Beneficiary Distributions — Part 1

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With more baby boomers entering retirement, are financial organizations ready to handle complex beneficiary issues? Many IRA administrators find it difficult to understand the options that are available to IRA beneficiaries. This session is part one of a two-part comprehensive course that covers in-depth aspects of traditional and Roth IRA beneficiary options. This WiBinar also covers beneficiary election deadlines, distribution rules and restrictions, reporting requirements, and year-of-death required minimum distribution issues. Explore key concepts and avoid common mistakes pertaining to retirement rollovers. This WiBinar explains the portability rules between IRAs and employer-sponsored retirement plans. Attendees will learn how to capture, facilitate, and report rollovers between retirement plans and IRAs.

Learning Objectives:

  • Evaluate distribution options available to spouse and non-spouse beneficiaries
  • Identify the beneficiary distribution election deadline and when the beneficiary distribution defaults apply
  • List distribution options available to a Roth IRA beneficiary
  • Discuss beneficiary reporting requirements

Speaker

Ben Maas
Senior Training Consultant, ERISA Department
Ascensus
Ben Maas is a senior training consultant with the ERISA department at Ascensus. Mr. Maas conducts IRA training programs nationwide. His expertise includes traditional and Roth IRAs, Coverdell education savings accounts, health savings accounts, and SEP and SIMPLE IRA plans. He also leads the development, design, implementation, assessment, and maintenance of the IRA University curriculum. Mr. Maas joined Ascensus in 2005 as a member of the IRA call center before becoming a training consultant. He received a Bachelor of Business Administration degree in finance from the University of Wisconsin, Whitewater. He has earned the Certified IRA Specialist (CIS) designation through Ascensus, the Certified IRA Professional (CIP) designation through the National Association of Federal Credit Unions (NAFCU), and the Certified IRA Services Professional (CISP) designation through the Institute of Certified Bankers. He is a member of the Association for Talent Development (ATD).

WiBinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every WiBinar:

This WiBinar is ideal for:

Trust Administrator, New Accounts Representative, Client Relationship Manager, Personal Banker, Universal Banker, Compliance Officer