Education & Events

Wednesday, April 21, 2027 - 9:00 a.m. to 4:00 p.m. CT
IBA Center for Banking Excellence, Springfield / Live Streamed (select preference when registering)

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 confidently work with IRA owners and process basic IRA transactions. This is a beginner’s session; no previous IRA knowledge is assumed. Attendees should have access to a hand-held calculator.

Topics

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
• Discuss 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 (RMD) and the required beginning date (RBD)
• Discuss the distribution reporting deadlines

IRA Portability
• Differentiate between a rollover and a transfer
• Distinguish between direct and indirect rollovers between IRAs and employer-sponsored retirement plans

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

Who Should Attend
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.

Facilitator
Ben Maas is a Senior ERISA Analyst with the ERISA department at Ascensus, conducting IRA training programs nationwide. His expertise includes Traditional and Roth IRAs, Coverdell education savings accounts, health savings accounts, and SEP and SIMPLE IRA plans. Ben also leads the development, design, implementation, assessment, and maintenance of the IRA University and HSA University curricula.

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