IRA Essentials

Wednesday, October 28, 2020 9:00 AM - 4:00 PM   iCalendar Central Standard Time

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

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
Communicate 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 and the required beginning date
Communicate the distribution reporting deadlines

IRA Portability
Differentiate between a rollover and a transfer
Recognize rollovers between IRAs and employer- sponsored retirement plans

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.

FEES Per Person (includes limited time OnDemand access)
Member $249 
NonMember $419