Advanced IRAs


Hybrid Event  
Thursday, April 11, 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

Advanced IRAs builds on the attendees' basic IRA knowledge to address some of the more complex IRA issues that their financial organizations may handle. This is an advanced session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.

Course Topics

Complex Transactions

  • Understand a Roth conversion
  • Recognize a qualified Roth IRA distribution
  • Describe a qualified charitable distribution (QCD)
  • Explain a health savings account funding distribution
  • Discuss 529 plan-to-Roth IRA rollovers

IRA Excess Contributions

  • Define an excess contribution
  • Identify excess contribution correction methods
  • Describe a recharacterization
  • Explain the possible taxes and penalty taxes for excess contributions
  • Describe reporting for excess contributions and recharacterizations

Required Minimum Distributions

  • Calculate a required minimum distribution (RMD)
  • Discuss the RMD rules
  • Explain the RMD reporting requirements

Beneficiary Options

  • Describe beneficiary distribution options when an IRA owner dies on or after January 1, 2020
  • Recognize the differences between the various beneficiary types

IRA Reporting

  • Identify due dates for IRA reporting
  • Recognize when an RMD statement is required
  • Understand when electronic filing of forms is required
  • Accurately report contributions, fair market values, and distributions to IRA owners, beneficiaries, and the IRS

Who Should Attend? You should attend this seminar if you are:

  • an IRA  administrator, personal banker, or member services personnel who has a working knowledge of basic IRA operations and are looking to expand your expertise and provide enhanced customer service;
  • a financial professional who recognizes that IRAs play an integral role in retirement planning;
  • a compliance specialist with procedural oversight of IRA policies and practices or
  • a support personnel responsible for promotional materials that describe the services provided by your financial organization.

Fee Per Person
Clients of Ascensus qualify for the IBA member rate
Member $265

Nonmember $445

Hybrid Event  

Map & Directions