IRAs A to Z provides you a solid foundation of IRA knowledge. Exercises are included throughout the day to help you apply information to job-related situations. You will leave this session able to work with IRA owners and process basic IRA transactions with confidence. This is a beginner’s session; no previous IRA knowledge is assumed. Please have a calculator handy.
Introduction and Establishing IRAs
- Identify the tax advantages of Traditional and Roth IRAs
- Summarize the IRA opening document requirements
- Explain the difference between primary and contingent beneficiaries
- Compare and contrast Traditional and Roth IRA eligibility requirements
- Explain the regulator contribution limit
- Distinguish the regular contribution deadline
- State the rules for prior-year contributions
- Discuss the regular contribution reporting deadlines
- 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 (RMD) and the required beginning date (RBD)
- Differentiate between a rollover and a transfer
- Distinguish between direct and indirect rollovers between IRAs and employer-sponsored retirement plans
Designed for IRA administrators, personal or universal bankers, personnel who has a working knowledge of basic IRA operations and are looking to expand their expertise and provide enhanced customer service, compliance specialist with procedural oversight of IRA policies and practices.
IBC is pleased to partner with Ascensus®
to present IRA training. Ascensus®
is the largest independent recordkeeping services partner, third-party administrator, and government and health savings facilitator in the United States. They are also on the of the savings plan industry’s leading providers of outsourced services. Their combination of purpose-built technology and deep expertise enables our partners to deliver industry-leading solutions that help people save for what matters: retirement, education, and healthcare.
IBC Education Program Members $275 Each additional registrant from same organization $250
IBC Members $325 Each additional registrant from same organization $300
IBC Non-Member $450 Each additional registrant from same organization $424
Written cancellation must be received in the IBC office by Friday, September 23, 2022, and will be subject to a $100 cancellation fee. NO REFUNDS will be granted after Friday, September 23, 2022; however, a substitute may attend. The IBC reserves the right to cancel any program for which there is insufficient funds to cover the expense of the program. In the event of cancellation by IBC you will be notified by either phone or email. Prepaid registration fees will be refunded.