2 Day IRA Seminar: Basic & Advanced Issues OnDemand with Live Streaming

Attend the 2 Day IRA Seminar: Basic & Advanced Issues from the convenience of your own office via Live Streaming Video as it happens on November 13th and 14th (9:00 am – 4:00 pm Central Time), or at your own convenience with 6 months of OnDemand playback.

Have you ever noticed sometimes when the IRA Guru leaves the financial institution it is without notice or training for a replacement?! On the first day of training, you feel like someone placed you on a crazy merry-go-round and you can't jump off. In other words, you have NO IDEA where to go or what they are talking about. Everything just sounds foreign to you. It's true. IRAs are a different world from the other accounts at your financial institution. Oh, they may look similar, but the rules, regulations and IRS reporting build the complications to the point where you feel like you are on falling off of a cliff!! And, just when you finally find your footing, they change the rules again!

While it may take years to build a confidence level where you can answer almost any question thrown your way, the goal of these two days is to raise your comfort level if you are a rookie and to reinforce your knowledge if you have a higher level of experience. You will also receive a detailed condensed version of the IRA manual to follow along with each day's training, as well as quick reference charts (cheat sheets) included in the handout. After the classes, the full 2019-2020 IRA Training and Reference Manual (the "Red Book") will be available for purchase at a discounted price.

This intensive 2-day format will help you pull it all together by helping you learn the following:
  1. Understanding the Top 20 Basic Terms of IRAs.
  2. Next we will review the most commonly used forms to create and complete IRA transactions.
  3. As the day goes on, you will pick up knowledge of the IRA plan types, Traditional, Roth and SEP.
  4. On the second day of our ride, we will nail down the use of the proper terminology of "Rollover" vs. "Transfer" when moving money from an employer plan to an IRA and from an IRA to an IRA - and the consequences if we don't know the difference.
  5. NEW How to report "late" or "tardy" rollovers on the 2019 5498.
  6. And finally, you will better-learn and comprehend the complicated areas of IRA Distributions to owners and beneficiaries and IRS reporting, resulting in a better picture of this complicated topic.

**Since this is not vendor-form-specific, please have a copy of your financial institution’s IRA Application form, Contribution Form, Distribution Form and Rollover Review or Rollover Certification Form for review during the session, as well as any other forms you may have questions on.

Seminar Overview:

The agenda for each day is as follows:

 Day 1:  IRA Basic Issues - Wednesday, November 13, 2019

  • IRA Terminology – Top 20 Terms
  • Explanation of IRA Forms (Not Forms Specific – (Please bring your own forms including Application, Contribution form, Distribution, Rollover Review or Certification and any other commonly used forms)
  • Beneficiary Designations including Primary and Contingent, Trusts and Estates
  • Qualifications, New 2019 Contribution Limits and other new regulations for a:
    • Traditional IRA
    • Roth and Conversion Roth
    • SEP IRAs contributions and IRS reporting

  Day 2:  IRA Advanced Issues - Thursday, November 14, 2019

  • Updated legislative regulations on IRAs as the result of passed and enacted laws including the Secure Act and the 2019 Cost of Living Adjustments
  • Qualified Plan Rollovers to a Traditional or Roth IRA – 6 Red Flags
    • Direct vs. Indirect
  • IRA to IRA Indirect Rollovers and Direct Transfers – Once-per-12-month rule clarifications and recent rules on 60 day exceptions and reporting
  • Distributions
    • Federal and State Income Tax Withholding requirements
    • Before age 59½
    • At age 70½ including mandatory notices
    • 9 Biggest Mistakes of IRA Beneficiary Payouts
    • Overview and Explanation of IRS Reporting Requirements

Each day can be purchased independently but for the most comprehensive understanding of the issues from A-Z, attending both days is recommended. You will receive a separate manual for the topics of each day's class.

IRA Basic Issues Seminar OnDemand with Live Streaming

IRA Advanced Issues Seminar OnDemand with Live Streaming

Who Should Attend?

New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Accountholder Service Representatives, Investment and Trust Personnel who are newly involved in the opening, selling, marketing, or administration of IRAs. Any officer/manager who "oversees" the IRA department and may be responsible for answering IRA accountholders questions or concerns but does not actually open IRA accounts. Experienced IRA Personnel who like a slower pace workshop to cover all the new changes in a comprehensive manner.