Advanced IRAs  

Program Description:

Now is the perfect time to grow your IRA business with rollovers from employer-sponsored retirement plans. Rollover assets are expected to increase from $260 billion in 2007 to nearly $500 billion by 2013.* Along with the millions of baby boomers contemplating retirement,  job changers, beneficiaries, and a rising number of unemployed individuals also will need assistance with their retirement assets. Is your organization equipped to answer their questions? With over $17 trillion dollars in U.S. retirement savings at stake, IRA professionals must understand the retirement plan rules to attract new clients. This seminar will cover recent trends and market strategies to help you answer clients’ questions regarding new rollover opportunities and to help you acquire new IRA assets for your organization. This seminar will also cover complex IRA distribution topics related to these types of transactions.

*Financial Research Corporation, FRC, IRA Rollover Dynamics 2008

This seminar covers:

What’s New

• The latest issues affecting the industry

IRA Overview /Comparison

• Traditional and Roth IRAs
• SIMPLE IRA and SEP plans

 Accumulating IRA Assets

• Capturing employer-sponsored retirement plan assets
• Accepting rollovers of inherited retirement plan assets
• Processing employer-sponsored retirement plan-to-Roth IRA rollovers

 Distributing IRA Assets

• IRA distribution taxation issues
• Early distribution penalties and the penalty exceptions
• IRA distributions to individuals age 591⁄2 and older
• Ways individuals can use IRA assets to fund an early retirement
• IRA beneficiary distribution options

 IRA Compliance and Reporting Issues

• IRA reporting requirements
• Amendment procedures
• Record retention
• IRA file maintenance
• Certain taxpayer reporting (including Form 5329 and Form 8606)

Course Benefits

After attending this seminar you will be able to:

• Explain the provisions of recent legislation affecting IRAs

• Describe strategies for taking penalty-free IRA distributions

• Learn how to capitalize on the new beneficiary portability provisions

• Understand how to handle complex IRA distribution issues

• Identify key IRA issues affecting baby boomers who are moving into retirement

Who Should Attend:

You should attend this seminar if you

• IRA administrators, personal bankers, and member services personnel who have a basic knowledge of IRA operations and wish to learn more about expanding their IRA business

• Financial professionals who want to learn how IRAs may provide income to clients facing unexpected opportunities or challenges

• Compliance personnel wishing to concentrate on IRA issues

• Support personnel responsible for promotional materials that describe the services provided by their organization

Presenter:

Ascensus, a respected leader in the IRA and retirement plans industry, understands the complexities and service needs of the retirement plans marketplace. The company’s rich history began nearly 30 years ago when it established the first of its divisions—Retirement Products and Solutions (RPS). Since its inception in 1975, RPS has provided solutions to organizations seeking to achieve and maintain operational compliance, as well as to organizations seeking to capture market share in the IRA and retirement plans industry.

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