Start Date: 2/28/2024 9:00 AM EST
End Date: 2/29/2024 5:00 PM EST
Venue Name: Stonewall Resort Location:
940 Resort Dr
Roanoke, WV United States 26447
Day 1 Only
: $325/member $625/non-member
Day 2 Only
: $325/member $625/non-member
Both Days: $625/member $925/non-member
10% discount on 3+ registrations
If you require an overnight room, you are responsible for making your own reservation. Please click HERE for the group discounted rate. If you have questions regarding your reservations please contact Stonewall Resort, (304) 269-7400. Room temperatures vary, please bring a light jacket or sweater for comfort. Casual dress is appropriate.
The Annual IRA Merry-Go-Round
Basic IRA Issues and Advanced IRA Issues
What an IRA merry-go-round 2020 was and continued to be in 2021 and 2022. Since the SECURE Act was signed into law on December 20, 2019, effective January 1, 2021, you would think all the IRS clarifications would have been released. And the IRS did propose regulations in February 2022 which were intended to clarify the 2019 SECURE Act but have, in some cases, increased industry confusion and frustration. Moreover, we are still wrestling with some of the residual effects of the CARES Act of 2020. Even further, although the dust has yet to settle on the 2019 SECURE Act, Congress appears poised to pass additional IRA legislation (“SECURE Act 2.0”).
The bottom line? There are simply too many issues and potential pitfalls financial institutions will experience without a working knowledge of these changes. Rules have changed, new forms have been introduced, IRA software has been updated and there are more changes yet to come.
Day One – Basic IRA Issues
: You may be thinking, “since so much has changed I probably don’t need to know the old rules.” Unfortunately, you will need to know both the old and the new rules because most of the IRA rules prior to 1/1/2020 are “grandfathered.” But don’t worry, you will have the totally updated IRA “Red” Book Training manual with lots of “cheat sheets” to show you the “before” and “after.” During day one, we’ll provide you with a solid grounding of all the applicable rules, both old and new.
Day Two – Advanced IRA Issues:
During day two, we’ll get into the nitty gritty of the new distribution regulations, exploring—in depth—how these new rules impact 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.
This intensive 2-day format will help you pull it all together by helping you learn the following:
- Important IRA terminology,
- The documents required to establish IRAs,
- The fundamentals of IRA transactions and the processes for conducting and reporting (if applicable) those transactions,
- The similarities and differences between the various IRA plan types: Traditional, Roth, SIMPLE and SEP; and on day two
- The step-by-steps of rollovers and transfers; IRA distributions to IRA owners and beneficiaries, and IRS reporting, including the many nuances to these rules created by the SECURE Act of 2019 and the CARES Act of 2020.
Note: since these sessions are not vendor-form-specific, feel free to bring a copy of your plan documents and/or any transaction forms you have questions on.
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. The newly revised full 280-page IRA Manual will be provided to you whether you attend Basic IRA Issues, Advanced IRA Issues, or both.
Timing of your registration is critical. Seminars may be canceled if there are not sufficient registrations or may fill up; therefore, it is recommended that you register at least 10 days in advance.
- Full refund if canceled 14 days or more ahead of seminar.
- $75 cancelation fee if canceled within 6-13 days ahead of seminar.
- No refund if canceled on or after 7 days ahead of seminar or for no-shows.
- Substitutions are welcome.
Ben Norquist – President and CEO
Ben is the co-founder and CEO of Convergent. After receiving a BA degree in 1987 from Concordia College in Moorhead, MN, Ben started with Universal Pensions, Inc. (UPI), a nationally recognized consulting and training firm located in central Minnesota. Over the next fifteen years, Ben had the good fortune to lead several highly successful business units within UPI, including the company’s consulting hotline. During his tenure at UPI, Ben received the certified pension consultant (CPC) designation from the American Society of Pension Actuaries and played a key role in creating the industry’s first IRA-specific designation program (the American Bankers Association’s Certified IRA Services Professional (CISP) program). Ben and his wife, Jennifer, subsequently co-founded Convergent Retirement Plan Solutions, LLC, in 2004. Ben is a frequent speaker at industry conferences, and has been interviewed by numerous publications including Forbes, MarketWatch, Kiplinger’s, Investment News, SmartMoney, Financial Advisor Magazine, Money Magazine, and The Wall Street Journal.
Loni Porta – Director of Education
Loni is the director of education at Convergent and has been with the company since 2004. An industry leader in IRA, HSA and retirement plan education, Loni plans, budgets for and builds training and education products and solutions for financial organizations nationwide. Loni also teaches courses in all delivery formats. She has mastered various learning management solutions as well as various online courseware development tools. An avid student of learning styles and adult learning principles, Loni incorporates her skills thoughtfully into Convergent’s training and education products and services. Loni attended North Dakota State University in Fargo, ND, and came to Convergent after her tenure at Universal Pensions, Inc. (UPI), a nationally recognized retirement consulting and training firm in central MN. During her tenure at UPI, Loni helped design the industry’s first IRA-specific designation program (the American Bankers Association's Certified IRA Services Professional (CISP) program) and NAFCU’s Certified IRA Professional program.
Julie Robinson – Director of Consulting
Julie is Convergent’s director of consulting and has been with the company since 2006. An industry veteran of over 25 years, Julie tracks legislative and regulatory activity that directly or indirectly impacts retirement plans and HSAs. In addition, Julie provides ongoing compliance and operational support to financial organizations—large and small—throughout the country. While it’s difficult to keep track after the first 15 or 20 years, it’s estimated Julie’s fielded well over 50,000 compliance support calls over the years. Julie is a graduate of Gustavus Adolphus College in St. Peter, MN, and came to Convergent after her tenure with Universal Pensions, Inc. (UPI), a nationally recognized retirement consulting and training firm in central MN where she was a subject matter expert for learning systems and educational programs. She holds the Certified IRA Services Professional (CISP) designation from the American Bankers Association.