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IRA Basics & Advanced IRA Issues –2026 THEY’RE HERE! The IRS has published final RMD regulations with a January 1, 2025 effective date! The finalization of these highly anticipated regulations has a profound impact on IRA providers nationwide. Among other things, these final regulations provide much-needed clarity on several issues surrounding the new inherited IRA distribution requirements ushered in under the SECURE Act of 2019. Convergent is scouring this regulatory initiative positioning us to provide attendees with the most up-to-date coverage available. Convergent will provide in-depth coverage of the regulations and the immediate steps providers should take to prepare for the regulation’s January 1, 2025 effective date.
IRA providers nationwide continue to adjust policies, procedures, forms, and communications to comply with the numerous changes to the laws governing IRAs. 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 concerning the implementation of these changes, it is imperative that IRA providers stay abreast of these developments—both to help ensure internal compliance as well as to provide top-notch customer service to IRA clients.
In short, numerous IRA rules have changed, new forms have been introduced, IRA software has been and continues to be updated and there are more changes on the horizon. Keeping abreast of these changes—while not always easy—is crucial to running a compliant IRA program.
Who Should Attend? Whether you are looking to gain basic knowledge of IRAs, raise your comfort level, or sharpen your skills with the most up-to-date rules and regulations, this two-day format will cover it all.
From new hires to seasoned, in-house IRA gurus, this jam-packed two-day training agenda offers something for everyone involved with IRAs including, but not limited to,
- ·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
Note: since these sessions are not vendor-form-specific, feel free to bring a copy of your plan documents and/or any transaction forms about which you have questions.
Day One – IRA Basics 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). - Introduction to IRAs
- Establishing IRAs (Feel free to bring copies of your plan documents and/or transaction forms)
- IRA contributions
- IRA owner distributions
- Traditional (including required minimum distributions)
- Roth
- Inherited IRA fundamentals
- Overview of IRA-to-IRA transfers and rollovers
- Overview of Employer plan-to-IRA rollovers
- Overview of Health Savings Accounts
- Overview of Coverdell Education Savings Accounts
Day Two – Advanced IRA IssuesDuring day two, we’ll get into the nitty gritty of the newly-released 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.
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