Save the date
Save the dateApril 25, 20249:30 AM - 5:00 PM (EDT)
Contact Person: Melissa Robinson
Event Details
Event Details

Advance IRAs build on the attendees' basic IRA knowledge to address some of the more complex IRA issues that their financial organization may handle. This is an advanced session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.

Course Topics May Include

Complex Transactions

  • Understand a Roth conversion
  • Recognize a qualified Roth IRA distribution
  • Describe a qualified charitable distribution (QRD)
  • Explain health savings account funding distribution
  • Discuss 529 plan-to Roth Ira rollovers

Ira Excess Contributions

  • Define an excess contribution
  • Identify excess contribution correction methods
  • Describe a recharacterization
  • Explain the possible taxes and penalty taxes for excess contributions
  • Describe reporting for recess contribution and characterization

Required Minimum Distributions

  • Calculate a required minimum distribution (RMD)
  • Discuss the RMD rules
  • Explain the RMD reporting requirements

Beneficiary Options

  • Describe beneficiary distribution options when an IRA owner dies on or after January 1
  • Recognize the differences between the various beneficiary types

IRA Reporting

  • Identify die dates for IRA reporting
  • Recognize when an RMD statement is required
  • Understand when electronic filing of forms is required
  • Accurately report contributions, fair market values, and distributions to IRA owners, beneficiaries, and the IRS

Who Should Attend

You should attend this seminar if you are

  • IRA administrators, personal bankers, member services personnel who have a working knowledge of basic IRA operations and are looking to expand their expertise and enhance customer service, and financial professionals who recognize that IRAs play an integral role in retirement planning.
  • Compliance specialist with procedural oversight of IRA policies and practices or a support personnel responsible for promotional materials that describe the services provided by your financial organization.

League Member Registration

IRA Advanced (Day 2) - $499 Value