Exploring the IRA Universe - 4 Part Series

This four part series includes the following webinars. Click each link for a complete description of what will be covered in each session. Each webinar can also be purchased individually.

Exploring the IRA Universe - Part I (Definitions, Forms and Plan Types) - Thursday, October 19th

The goal of this Part I IRA Basic Webinar is to start at the beginning of "What is an IRA?" Who can have an IRA? How much can they contribute?

Exploring the IRA Universe - Part II (IRA Transfers and IRA and QP Rollovers) - Thursday, October 26th

Learn about important recent changes to the world of IRA Rollovers.

Exploring the IRA Universe - Part III (Beneficiaries and Distributions) - Friday, December 1st

If you are searching for a Webinar where you will achieve that higher “comfort level” on these complicated topics, this seminar is “must-attend”.

Exploring the IRA Universe - Part IV (How to Audit your IRA Accounts) - Tuesday, December 5th

If you don't want to write checks to the IRS for filing errors, this webinar is a "must attend"!

Covered Topics:

Exploring the IRA Universe - Part I
  • Review of top terminology of IRAs
  • Basic Forms Required To Open, Close, Move and Maintain IRAs (have your own forms - including application, contribution and distribution forms - available during the webinar)
  • Qualifications, Contribution Limits and Deadlines for:
    • Traditional IRA and Roth IRAs
    • Conversion Roth (IRS codes and reporting)
    • SEP IRAs
Exploring the IRA Universe - Part II
  • Why is it important to QUALIFY the money coming into the financial institution?
  • What are the three questions that should be verified?
  • What is the IRS definition of an IRA for rollover qualification purposes?
  • What happens if an IRA accountholder exceeds the once-per-12-month rule?
  • What are the exceptions for the 60 day time period where the customer can “self-certify” the rollover is still allowed?
  • What are the alternatives to moving money from IRA to IRA if not a “rollover”?
  • Which IRA Forms are used and how is the movement reported to the IRS?
  • When does the financial institution have to verify transactions with the other institution?
  • What’s the difference between an IRA Transfer, an IRA Rollover and a Qualified Plan Rollover?
  • Moving money from a Traditional to a Roth or QP to a Roth – Conversion vs. Rollover?
  • What is a Recharacterizations between plan types?
  • Most importantly…How do we correctly code the transactions above to the IRS?
Exploring the IRA Universe - Part III
  • IRA Beneficiaries
    • Basic difference between primary and contingent beneficiaries
    • Naming an estate or trust as a beneficiary
  • IRA Distributions includes:
    • IRS penalty exceptions prior to age 59½ and the proper IRS coding
    • Required Annual Notifications for RMDs and Withholding
    • The NINE red flags of beneficiary payouts – including reporting pitfalls
    • Extensive discussion of beneficiary payout options – including spouse, nonspouse, estate and trust
    • Setting up the Inherited IRA and documentation requirements
Exploring the IRA Universe - Part IV
  • IRA forms to be kept on record by the financial institution and the accountholder’s required disclosures and forms
  • What are the IRA accountholder notices that must be sent out in a timely manner
  • How to audit the IRA department as far as expertise, form use, procedures and work flow
  • Line by line instructions on 5498 and 1099-R reporting – what’s required vs. what’s optional.
  • How and when to correct IRS reporting to avoid increased IRS fines to the financial institution
  • The most common errors hiding in your IRA customer files
  • Forms and tools for auditing your IRA files
  • 2017 IRA Cost of Living Adjustments

Who Should Attend?

Anyone who works with IRAs in any capacity will benefit from this webinar series.


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