The last 20 years of IRA rules have endured many changes, but the last 4 years have been the most significant. From the SECURE Act of 2020, to the Proposed Regulations of 2022, the SECURE Act 2.0 of 2023, to the Final Regulations of 2024, the IRA world was turned upside down. It’s no wonder everyone is so confused.
In this fact-packed two-hour webinar, we will explain all these changes and give you great pointers on how to prepare your IRAs for the changes taking effect in 2025. If you don’t get your beneficiaries set up on payments correctly for 2025, they may be subject to an IRS 25% “late penalty.
What You’ll Learn
- What are the Cost of Living Adjustments to IRAs for the 2025 tax year?
- What are the three categories of beneficiaries for payout options?
- Which beneficiaries must begin Single Life Death distributions beginning in 2025 and how do we calculate them?
- What are the changes to spouse beneficiary RMD calculations?
- What happens when a customer is in RMD and wishes to do an “IRA Rollover?”
- Which required notices must be sent to customers in January each year?
- What is a Roth SEP and a Roth SIMPLE and should we be offering them to our customer base?
Who Should Attend
Anyone even remotely involved in answering IRA questions would greatly benefit from this two-hour session, including the frontline CSRs and tellers, the call center, the IRA operations department, as well and any trust or investment officers who handle IRAs.