Education & Events

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

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 is looking to expand their 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.

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

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