Presenter: Deborah L. Crawford, gettechnical inc
Date: Thursday, May 10, 2012
Time: 2:00 - 3:30 pm Central

Focus:
At your desk is a woman who has just inherited her husband’s IRA.  She wants to know her options and decides to disclaim the IRA.  What do you do?  How is this handled? 

Finally, an IRA program dedicated to deceased IRA members and their beneficiaries!  Join us for the A-Z on inherited IRAs and all the options for spouses and non-spouse beneficiaries.  Your credit union will be able to avoid costly errors due to misunderstandings on how IRAs work at death.  Although this is one of the most interesting and complex areas of IRAs, you will leave this program with the answers to the most complicated questions your members may ask.

What You Will Learn

• Member options if the beneficiary is a spouse, non-spouse, or charity
• Time frames for beginning distributions and how long someone can take payments if they are a designated or non-designated beneficiary
• The importance of making the last required minimum distribution to the beneficiary
• How to calculate payments and do separate accounting for beneficiaries of inherited IRAs
• Why spouses may not want to treat the IRA as their own
• Can a beneficiary name a beneficiary and how is the account styled?
• The difference between reduce by one and recalculation and when you use these payout types
• Learn whether inherited IRAs can be transferred to another institution
• IRS reporting of a deceased member’s payout to a beneficiary

Who Should Sign Up?
This informative session will be beneficial for IRA coordinators, member service representatives, branch managers, branch operations, call center staff, and trainers.

About the Presenter:
Deborah Crawford is the President of gettechnical inc, a Baton Rouge-based firm, specializing in the education of financial institutions across the nation.  Her 27+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees.  Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.