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2021 IBA Advanced IRA Seminar



IRA Update
• Explain recent changes affecting IRA owners
• Recognize how recent changes may affect your organization

Required Minimum Distributions
• Calculate a required minimum distribution (RMD)
• Discuss the RMD rules and reporting requirements

Beneficiary Options
• Describe beneficiary distribution options
• Recognize the differences for the various beneficiary types
• Explain beneficiary payment deadlines.

IRA Excess Contributions
• Define an excess contribution
• Identify excess contribution correction methods
• Calculate NIA to an excess contribution
• Describe a recharacterization
• List the possible taxes and penalty taxes for excess contributions

Advanced Portability
• Summarize the restrictions on the movement between IRAs
• Describe a conversion
• Explain the effect of witholding on a conversion
• Recognize the options available when moving assets from an
employer-sponsored retirement plan to an IRA

2021 Flyer