IRA Series: Final IRA RMD Regulations, Deadlines, Calculations, Reporting & More

Compliance Frontline & New Accounts IRA Operations

On-Demand Webinar

StreamedJan 21, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Do you know the ins and outs of the final RMD regulations that were issued last July?

With an effective date of 1/1/25, it’s a great time to assess whether your policies, processes, and personnel require changes to conform to the new regulations, deadlines, calculations, etc.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

List the IRA types to which RMDs apply
Recall the required beginning date for IRA owners
Explain how to arrive at the IRA balance for RMD calculation purposes
Name the table used for most RMD calculations – and the exception to the rule
Calculate required minimum distributions
Describe the statement and reporting requirements tied to required minimum distributions

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WEBINAR DETAILS

On July 18, 2024, the Treasury Department and IRS issued highly anticipated final required minimum distribution (RMD) regulations. The 260-page regulatory guidance confirms numerous IRS positions in the previously published proposed RMD regulations, provides greater clarity on a range of RMD topics, and reflects IRS changes or clarifications made in response to extensive industry feedback and private letter ruling requests.

Given the 1/1/25 effective date, you have your work cut out for you as you review current policies and procedures to identify changes that must be implemented to comply with the final regulations. This webinar will also address areas where you may be at a bit of a crossroads in determining your future service model given changes in financial institution requirements.

WHO SHOULD ATTEND?

This informative session is directed toward frontline staff who field questions about RMDs, those who run calculations on the fly, back-office personnel who spot-check RMD reports, and those working with platforms to implement and test systems updates, etc.

TAKE-AWAY TOOLKIT

Calculating required minimum distributions job aid
IRA reporting job aid
2024 instructions for IRS Forms 1099-R and 5498
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Loni Porta

Convergent Retirement Plan Solutions, LLC

This Webinar Appears In

IRA Series