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IRA Beneficiary Payouts: The Hottest Topic in the IRA Universe

After making major changes to Beneficiary Payouts in 2020, the IRS realized they left out a big part of the regulations that were in place prior to 2020. To fix this, they released the Proposed Regulations in 2022 to plug up the loopholes. There were several years of discussions about the Proposed Regulations and they were finalized in 2024, effective for 2025. Some banks did not get the "memo" and there are beneficiaries now who should be taking 'death distributions' that were not aware of the rule changes.

Upcoming
DATE

Wednesday, March 11, 2026
11:00 am - 1:00 pm

INSTRUCTOR

Patrice Konarik

FORMAT

Webinar

CREDIT TYPE

2 CISP Credits

$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Customer Service
  • Deposit
  • Deposit Accounts
  • IRAs
  • Teller
  • Transaction Compliance
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • New Accounts Representative
  • Teller
  • Training Manager
  • Trainer

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When the original SECURE Act of 2020 became effective, the two main impressions were that most non spouse beneficiaries could no longer take Single Life Expectancy payouts, but instead had to have their Inherited IRA closed in 10 years. And it appeared the beneficiaries could skip distributions the first 9 years, regardless of the owner's RMD status at death.

This was contrary to the rules prior to 2020 when beneficiaries of owner's who were in RMD payout at death, had to start distributions the year after the owner died. The Proposed Regulations of 2022 to correct this were finalized in 2024 to correct.

Effective 2025, all non-eligible non spouse beneficiaries of owners who died in RMD status beginning in 2020 should begin taking death distributions in 2025 or they will be subject to an IRS penalty of up to 25%. This informational two-hour webinar will answer the who, when, and how questions of calculating RMDs to beneficiaries for 2025 and beyond. A Sample Letter to beneficiaries to inform them of the rule change and their RMD requirements will be included.

What You'll Learn

  • What is meant by the “Required Beginning Date” to determine which IRA owners are in RMD status at death?
  • Do beneficiaries who chose to skip their RMDs in 2021-2024 have to make them up?
  • How do we calculate the divisor for beneficiaries of owners who died beginning in 2020?
  • What are the three classes of beneficiaries to determine their payout options?
  • What are the new distribution rules regarding a surviving spouse setting up an Inherited IRA?
  • Do we use the owner’s age or the beneficiary’s age on the Single Life Table to obtain the divisor for RMD purposes?
  • What are the rules for successor beneficiaries when the original owner died before 2020 or beginning in 2020?
  • What penalties may be imposed if the beneficiary does not begin death distributions in 2025?

Who Should Attend

All CSRs, tellers, operations department reps, call center employees, and anyone who determines who the beneficiaries are for payout options would greatly benefit from this two-hour informational webinar.

Patrice Konarik

Instructor Bio

Patrice M Konarik is president of Sunwest Training Corp founded almost 30 years ago and located in the Texas Hill Country near San Antonio. With over 40 years of experience in the financial industry, Patrice has focused her expertise on the retirement account area. After 28 years on the road providing live training nationwide, she now concentrates on providing informational IRA and HSA webinars through OnCourse Learning. She has a B.S. in Management Science from New York’s Binghamton University and previously held her Certified Financial Planner designation for 23 years.

Continuing Education Credit Information

IRA Beneficiary Payouts: The Hottest Topic in the IRA Universe has been approved for 2 CISP credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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