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