Education & Events

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

Regulatory Changes

• Discuss the upcoming IRA amendment date
• Describe 529 plan-to-Roth IRA rollovers
• Explain the rules for Roth simplified employee pension (SEP) IRAs and Roth savings incentive match plan for Employees of small employers (SIMPLE) IRAs
• Recognize the increased contribution limits for SIMPLE IRA plans
• Understand the new early distribution penalty tax exceptions created by SECURE 2.0
• Discuss the new electronic reporting requirements

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

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

Advanced Portability

• Identify the types of plan assets that are eligible for rollover
• Compare the difference between retirement plan rollovers to Traditional and Roth IRAs
• Explain the result of violating the portability rules
• Understand a Roth IRA conversion

IRA Excess Contributions

• Define an excess contribution
• Identify excess contribution correction methods
• Describe a recharacterization
• Calculate net income attributable (NIA)
• Explain the possible taxes and penalty taxes for excess contributions
• Describe reporting for excess contribution and recharacterizations

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
• 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