IRA Essentials

Hybrid Event  
Wednesday, April 10, 2024 9:00 AM - 4:00 PM   iCalendar Central Standard Time

Hybrid Delivery Options (select your preference when registering)
IBA Center for Banking Excellence, Springfield OR Live Streamed via Zoom
9:00 a.m. to 4:00 p.m. CT

IRA Essentials, facilitated by Ascensus, gives attendees a solid foundation of IRA knowledge. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees 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. Attendees should have access to a hand-held calculator.

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

IRA Funding
• Compare and contrast 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

IRA Distributions
• 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
• Communicate the distribution reporting deadlines

IRA Portability
• Differentiate between a rollover and a transfer
• Recognize rollovers between IRAs and employer- sponsored retirement plan

Continuing Education
ABA Professional Certification - 7.25 credits for CISP, CRSP, and CTFA

You should attend this seminar if you need to learn the basics of Traditional and Roth IRAs or want an updated, general refresher on IRA rules.

Fee Per Person
Clients of Ascensus qualify for the IBA member rate.
Member $265 | Nonmember $445

Hybrid Event