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IRAs: The Basic Essentials - All-Day Streaming

Building your knowledge of the IRA Basics is essential to understanding the more sophisticated areas of IRAs down the road. In the Day 1 Basic Essentials, you will start to raise your confidence level regarding terminology, forms and IRA plan types. This will give you the foundation for your climb towards success.

OnDemand
DATE

Recorded Tuesday,
August 12, 2025

INSTRUCTOR

Patrice Konarik

DURATION

7 Hours

FORMAT

Live Stream OnDemand

CREDIT TYPE

7 CISP Credits

$849.00 or 5 Tokens

Includes: 12 months of OnDemand playback access

  • Auditing
  • Compliance
  • Customer Service
  • Deposit
  • Deposit Accounts
  • IRAs
  • Reporting
  • Teller
  • Transaction Compliance
  • Trusts
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Internal Auditor
  • New Accounts Representative
  • Teller
  • Training Manager
  • Trainer
  • Trust Officer

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On the first day of this two-day comprehensive live streaming class, you will learn the basic terminology of IRAs, the most common IRA forms used, as well as the different IRA plan types available, including the definitions, contribution limits, and other pertinent information. The purpose of this is to gain an understanding of the basic rules before delving into the more complicated areas of IRAs.

Whether you attend day 1, day 2, or both days, you will gain a sense of confidence when it comes to understanding and processing IRA transactions. If you attend either day, you will be provided an electronic copy of the full “IRA Training and Reference Manual” (aka the “Red Book”), which will be referenced throughout the class.

We highly recommend you have this available during the training session to follow along and find the information as needed after the class. There are plenty of cheat-sheets (or quick reference charts) contained in the book to use as aids. This same book will be used for both days.

What You'll Learn

  • The top 20 terms of IRAs
  • Traditional IRA contribution limits and income limits for deductions
  • Roth IRA contribution eligibility and when is the interest really tax-free?
  • How do we report regular contributions for the prior year made after April 15 due to federal disasters
  • What are the rules for moving Traditional IRAs into Roth IRAs?
  • Simplified Employee Pension Plans (SEP) IRAs and should the institution offer them?
  • What are the basic comparisons between a SEP IRA and a SIMPLE IRA?

Who Should Attend

This session is ideal for anyone who is very new to IRAs, including customer service reps, call center employees, tellers, and trust and investment department personnel. In addition, any experienced IRA representatives who would like a review of the latest retirement account information, including cost-of-living adjustments will also find value in this session.

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

IRAs: The Basic Essentials - All-Day Streaming has been approved for 7 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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