Oklahoma Bankers Association We make bankers better!
2021 IRA BOTH DAYS, TULSA
November 2 @ 8:30 am - November 3 @ 3:00 pm CDT
DAY 1
• IRA Terminology – Top 20 Terms
• Explanation of IRA Forms – Not Forms Specific – (Please bring your own forms including Application, Contribution form, Distribution, Rollover Review or Certification and any other commonly used forms)
• Beneficiary Designations including Primary and Contingent, Trusts and Estates
• Qualifications, 2021 Contribution, Income Phase-out limits, Age Limits and other new regulations for a:
o Traditional IRA
o Roth and Conversion Roth
o SEP IRAs contributions and IRS reporting
Day 2
• Updated legislative regulations on IRAs as the result of the SECURE and CARES Acts and the 2021 Cost of Living Adjustments
• Health Savings Accounts – overview and clarifying responsibility
• QP Rollovers and IRA Rollovers and Transfers
• Distributions
o Federal Income Tax Withholding
o Before age 59½ – reporting the penalty exceptions
o At age 72 beginning in 2021– including mandatory notices
o 9 Biggest Mistakes of IRA Beneficiary Payouts
o Rules on new nonspouse beneficiary payout requirements beginning in 2020
o Overview and Explanation of IRS Reporting Requirements
Courtyard Marriott OKC NW
1515 NW Expressway, OKC
405-848-0808
**Use OKBB GENR or OKBA QNQN for business rate of $89
Embassy Suites Oklahoma City Northwest
3233 Northwest Expressway
Oklahoma City, Oklahoma 73112
(405) 842-6633 (call for rates)
Tulsa Marriott Southern Hills
1902 East 71st Street, Tulsa, OK
918-493-7000
**Ask for the OBA business rate the of $103