The new IRA beneficiary rules resulting from the SECURE Act and the proposed regulations are complex, and putting them into practice requires a fresh, wholistic approach to Inherited IRAs. By examining your financial organization’s current policies and procedures as it relates to Inherited IRAs through the lens of the Inherited IRA Best Practices Audit, you can reengineer your financial organization’s IRA program. By incorporating these best practices recommendations, your organization will experience increased efficiency while consistently processing compliant transactions, reducing risks for both your financial organization and your customers.

Topics addressed include

• Required documents
• Operational/transactions forms
• Death transition process
• Communications
• Reporting
• System capabilities
• Training

There are two formats of the Inherited IRA Best Practices Audit: remote or on-site. You choose what best suits your needs.

To receive more information regarding the Inherited IRA Best Practices Audit as it becomes available, please email clientservicesrep@compliancesystems.com