Program Description:
Our IRA Essentials seminar is one of our most popular products. Each year thousands of IRA professionals attend this seminar to enhance their knowledge of Traditional and Roth IRAs—including the latest information on IRA portability, beneficiary, and reporting rules. Our experienced instructors use classroom instruction, multimedia presentations, and real-life examples to create an ideal learning environment for attendees. This seminar is designed to teach IRA fundamentals to individuals who are new to the retirement industry or who need a general IRA refresher. Although the IRA Essentials seminar is an introductory course, our instructors will assist attendees with more advanced questions.
This seminar will teach you the fundamentals of
Roth and Traditional IRA Plan Establishment
• Documentation requirements
• Plan agreements and disclosure statements
Contributions
• Eligibility requirements
• Distinction between eligibility and deductibility
Moving IRA Assets
• Rollovers, transfers, conversions, and recharacterizations
• Transaction forms
• Step-by-step procedures
Roth and Traditional IRA Distributions
• Required minimum distributions (RMDs)
• Roth IRA distribution rules
• Beneficiary distributions
Required Reporting
• Importance of accurately completing transaction forms
• Reporting deadlines
After attending this course you will be able to:
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Understand the IRA establishment process
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Know how to select and complete appropriate forms for IRA transactions
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Recall the contribution limits for Traditional and Roth IRAs
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Realize the role you should (and should not) play when accepting IRA contributions
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Understand how to process IRA distributions
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Recognize the types of reports you must submit to the IRA holder and to the IRS
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Know the pertinent information you must include on required reports.
Who Should Attend:
You should attend this seminar if you
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need to learn the basic rules that govern Traditional and Roth IRAs, or
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need an updated, general refresher on IRA rules
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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