“Top Retirement Plan Issues for 2024 for the Baby Boomer Generation and Eight Retirement Distribution Strategies that Will Make Their Money Last” Larry Divers, Canon Financial The presentation addressed specific ways for individuals and households to create a lifetime income stream that neither the individual nor their spouse could outlive. It also covered methods for distributing remaining assets to beneficiaries in the most tax-sensitive manner. “Retirement Update: SECURE 2.0 and Required Minimum Distribution Rates” Larry Divers, Canon Financial The presentation included a discussion on Individual Retirement Accounts, including Traditional, SEP, and SIMPLE IRAs; 401(k), 403(b) and 457(b) Plans; required minimum distribution aggregation rules for each type of account; and strategies for lowering required minimum distributions. Topics covered included qualified distributions, Roth conversions, qualified charitable distributions and net unrealized appreciation on company stock. Pictured is Mark Kennedy, incoming President of the KBA Trust Division at Citizens State Bank & Trust Co. in Ellsworth, thanking Lori Bone, of Fidelity State Bank & Trust Co. in Dodge City, for serving as President of the board and presented her with a gift. Thank you, Lori, for your leadership! More opt ions for your customers, without more risk to your bank. Why Partner With Us? Ag Resource Management offers an innovative solution to lenders by mitigating your risks with watch list and non-performing loans. We can help you take these assets off of your balance sheet and increase your lending ability. We achieve this with a blend of proprietary technology and data validation in valuing a growing crop, monitoring that crop, and keeping track of collateral as it approaches maturity. Loans are processed swiftly and we communicate with you throughout the process. We’re just a call away. Get started today with our teams in Kansas. Ryan Schreibvogel 1805 East Mary Street, Suite B Garden City, KS 67846 (620) 371-4858 RSchreibvogel@armlend.com Wade Simpson 7505 NW Tiffany Springs Pkwy. Suite 220 Kansas City, MO 64153 (816) 226-4574 WSimpson@armlend.com ARM is an equal opportunity provider. DID YOU KNOW? Enjoy your association news anytime, anywhere. Scan the QR code to visit our online publication to stay up to date on the latest association news, share articles and read past issues. the-kansas-banker.thenewslinkgroup.org 30
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