IRAs A to Z

Course Number: Seminar

Course Code: n/a

**E-book included in tuition fee**

IRAs A to Z gives attendees a comprehensive overview of fundamental IRA concepts. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session with increased confidence and a better understanding of how to handle most common IRA transactions. Limited IRA knowledge is assumed, but a basic understanding of IRAs is beneficial. Attendees should bring a hand-held calculator.

Course Topics May Include

Introduction to IRAs

  • Identify the tax advantages of Traditional and Roth IRAs

IRA Funding

  • Compare and contrast the Traditional and Roth IRA
    eligibility requirements
  • Explain the regular contribution limit
  • Distinguish the regular contribution deadline
  • State the rules for prior-year contributions
  • Communicate the regular contribution reporting
    deadlines

Moving IRA Assets

  • Differentiate between a transfer and a rollover
  • Show how assets are moved between employer-
    sponsored retirement plans and IRAs
  • Describe a conversion from Traditional or Simple IRA
    to Roth IRA
  • Demonstrate how to report the transactions

IRA Distributions and Beneficiary Options

  • Identify federal income tax withholding requirements
  • Recognize the exceptions to the early distribution
    penalty tax
  • Summarize the tax consequences of Traditional and
    Roth IRA distributions
  • Define a required minimum distribution and the
    required beginning date
  • Describe beneficiary distribution options when an IRA
    owner died before January 1, 2020, or dies on or after
    January 1, 2020
  • Recognize the differences for the different beneficiary
    types
  • Communicate the distribution reporting deadlines

Audience: An IRA administrator, personal banker, or member services personnel who has a working knowledge of basic IRA operations and wishes to expand your expertise and provide enhanced customer service. A compliance specialist with procedural oversight of IRA policies and practices.

Prerequisites: n/a

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Member Price: $395.00
Non-Member Price: $425.00
Textbook Charge: $0.00

Credits: 0.50

Start Date: 03/10/2021
End Date: 03/10/2021
Length: 6 Hours
Start Time: 9:00 am
End Time: 4:00 pm
Day: Wednesday
Location/Room: Remote/Virtual

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