Series Details
IRAs 2024 from A-Z: Basic Issues
August 13, 2024 | 9:00 am – 4:00 pm CDT
It may be difficult to enter the “IRA” world without building a strong foundation of basic knowledge first. Often, when an organization’s IRA “expert” leaves the position, it comes without warning. This leaves others to struggle though the learning process. This session will provide that strong foundation of knowledge needed.
What You’ll Learn
- The top 20 terms of IRAs
- Traditional IRA contribution limits and income limits for deductions
- Roth IRA contribution eligibility and when is the interest really tax-free?
- What are the rules for moving Traditional IRAs into Roth IRAs?
- Simplified Employee Pension Plans (SEP) IRAs and should the bank offer them?
- What are the basic comparisons between a SEP IRA and a SIMPLE IRA?
IRAs 2024 from A-Z: Intermediate and Advanced Issues All Day Streaming
August 14, 2024 | 9:00 am – 4:00 pm CDT
After you have tackled the basic portion of IRAs, it’s time to delve into the more complicated topics, where confusion breeds inconsistency. The more troublesome areas of retirement accounts are moving IRAs as “rollovers” vs. “transfers” and distributions to IRA owners and beneficiaries.
What You’ll Learn
- What is the difference between a QP direct rollover and an IRA Transfer?
- What are the rules for rolling over a 529 plan to a Roth IRA?
- When do we use the “rollover” term from IRA to IRA?
- What are the new exceptions to the 10% penalty for IRA distributions taken prior to age 59.5 and how do we report them?
- When did age 73 really kick in to begin RMDs?
- When the IRA owner died after 2019 and was in RMD status, does the beneficiary get to take optional distributions the first 9 years?
- What are the nine red flags of beneficiary payouts?
- What are the options for paying out to a trust beneficiary?
Who Should Attend
Everyone even remotely involved in IRAs at your financial institution including: New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Accountholder Service Representatives, Investment and Trust Personnel who need this update and are 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.