Save the date
Save the dateApril 24, 20249:30 AM - 5:00 PM (EDT)
Contact Person: Melissa Robinson
Event Details
Event Details

IRA Essentials gives attendees a solid foundation of IRS Knowledge. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process Basic IRA transactions with confidence. This is a beginning session; no previous IRA knowledge is assumed.

Course Topics May Include

Introduction and Establishing IRAs

  • Identify the tax advantages of Traditional and Roth IRAs
  • Summarize the IRA opening documents requirements
  • Explain the difference between primary and contingent beneficiaries

IRA Funding

  • Compare and contrast Traditions and Roth IRA eligibility requirements.
  • Explain the regular contribution limit
  • Distinguish the regular contribution deadline
  • Discuss the regular contribution
  • State the rules for prior-year contributions

IRA Distributions

  • Identify federal income tax withholding requirements
  • Recognize the exceptions to the early distribution penalty tex
  • Summarize the tax consequences of Traditioni and ROth IRS distribution
  • Define a required minimum distribution (RMD) and the required beginning date (RBD)
  • Discuss the distribution reporting deadlines

IRA Portability

  • Differentiate between a rollover and a transfer
  • Distinguish between direct and indirect rollovers between IRAs and employer-sponsored retirement plans

Who Should Attend?

You should attend this seminar if you:

  • Need to learn the basics of Traditional and Roth IRAs or want an update, general refresher on IRA rules

League Member Registration

IRA Essentials (Day 1) - $499 Value