IRA Update – Detailing the IRA Changes of the Secure Act signed December 20, 2019

This webinar, which was originally scheduled for Friday January 24th, has been rescheduled for Friday January 31st at 1:30pm CT. 

During this critical IRA Update Webinar, we will detail the slightly good and very not-so-good changes that will apply to IRAs effective January 1, 2020 – including faster payouts for IRA nonspouse beneficiaries, changes in RMD age and ability to contribute to Traditional IRAs after age 70.5.

Covered Topics

  • What are the major effects of the Secure Act of 2020?
  • What is the beginning age for IRA Required Minimum Distributions?
  • What is the major impact of the loss of the "stretch" IRA payout for nonspouse beneficiaries?
  • Will we have to send out amendments to our IRA accountholders?
  • Clarifying reporting of Qualified Charitable Distributions to the IRS and why they will become more prevalent over the next couple of years. 
  • What are the mandatory notices and reporting to be distributed to IRA accountholders in January 2019?
  • What are the mandatory notices and reporting that must go to the IRA accountholder in January 2020?

Who Should Attend?

This update is a vital necessity for anyone in the position of answering IRA questions as a representative of the credit union - including the member service reps, operations personnel, branch managers and member call center employees