Can you dish the details on IRA distribution options and beneficiary
designations? These can be prickly, complicated issues! This session will
provide the latest information, guidance, and reference tools necessary to
confidently explain IRA complexities to owners and beneficiaries so they can
make informed decisions.
- Understand the fundamentals of the new beneficiary distribution rules under the
- Examine proper documentation of beneficiary designations
- Determine allowable beneficiary distribution options
- Identify responsibilities versus best practices when handling required minimum
- Know IRS and IRA owner RMD reporting requirements
- Discuss common terminology, including required beginning date, aggregation of
plans, and excess accumulations
Managing IRA beneficiary designations and explaining allowable distribution options to IRA
beneficiaries may be the most complex area of administering an IRA program. Handling
traditional IRA required minimum distributions (RMDs) isn’t far behind. This timely session
will address beneficiary designations and RMDs, including recent rule changes and
implications as a result of the SECURE Act, which significantly altered the rules
surrounding required death distributions and required minimum distributions. If you
interact with owners, have IRA operational, reporting, or managerial responsibilities, this
session will provide a solid understanding of current rules and important considerations.
Frank J. LaLoggia, LaLoggia Consulting, Inc.
Frank LaLoggia is the President of LaLoggia Consulting, Inc., Rochester, New York, a pension consulting firm that assists financial organizations with ongoing support in the creation, development, and marketing of their retirement plans offerings.
Frank coordinates and conducts retirement plan seminars and training programs throughout the United States, including in-house IRA, HSA and employer retirement plan training sessions. With over 39 years’ experience in employee benefits, he has assisted many leading financial organizations in the pension and financial services industries. Frank has achieved the designation of Deferred Compensation Specialist through Northeastern University’s Center for Continuing Education and The National Retirement Plans Training Conference.