Advanced IRAs

Lewis University, Oak Brook, IL  
Thursday, October 10, 2024 9:00 AM - 4:00 PM   iCalendar Central Standard Time

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

Lewis University  

1111 W 22nd St Ste 700
Oak Brook, IL 60523-1938
(630) 573-1740

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