IRA 3 Part Series

This is our 2018 3 Part IRA Series. The prices below include registration to all three sessions. Individual registrations can be placed by clicking on the following links.

Part 1 - IRAs: The Basics Wednesday, August 29th, 2018 

Have you ever noticed sometimes when the IRA Guru leaves the credit union, it is without notice or training for a replacement?!?! On the first day of training, you feel like someone dropped you on the top of a mountain and told you to find your own way down. In other words, you have NO IDEA where to go or what they are talking about. Everything just sounds alien to you. It's true. IRAs are a different world from the other accounts at your credit union. Oh, they may look similar, but the rules, regulations and IRS reporting build the complications to the point where you feel like you are on falling off a cliff!! And, just when you finally find your footing, they change the rules again.

Part 2 - IRAs: Rollovers and Transfers Friday, September 7th, 2018 

As we continue our journey down the mountain, we come to the most abused terminology in IRAs. Everyone knows you can only do one rollover per “IRA” in a 12 month period – right? But, what’s the definition of an “IRA” – An IRA account? - An IRA plan? - An IRA plan type? The actual verbiage on this has always been a little gray and subject to interpretation. In a landslide, mind-blowing court case, the whole rollover world has been turned upside down. Big changes and clarifications regarding rollovers were effective January 2015. As you can see below, this is a jam-packed informational Webinar. And in August 2016, there were even more changes regarding “self-certification” of rollovers occurring beyond the 60 day period and financial institutions still being able to accept them.

Part 3 - IRAs: Distributions and Beneficiaries Friday, October 12th, 2018 

“Base camp, we have a problem!” Here is where our trip down the mountain starts to pick up some difficult maneuvers. I know the answer! I think I know the answer! I thought I knew the answer! Whether you are an IRA “rookie” or an IRA “pro”, you know you have probably had this feeling many times! Oh, that helpless feeling we get when an IRA accountholder asks us anything above the most basic IRA question. If you are searching for a Webinar where you will achieve that higher “comfort level” on these complicated topics, this seminar is “must-attend”.

Covered Topics

IRAs: The Basics

  • Review of top terminology of IRAs
  • Basic Forms Required To Open, Close, Move and Maintain IRAs (have your own forms - including application, contribution and distribution forms - available during the webinar)
  • Qualifications, Contribution Limits and Deadlines for:
    • Traditional IRA and Roth IRAs
    • Conversion Roth (IRS codes and reporting)
    • Coverdell Education Savings Accounts - CESA

IRAs: Rollovers and Transfers

  • Why is it important to QUALIFY the money coming into the financial institution?
  • What are the three questions that should be verified?
  • What is the IRS definition of an IRA for rollover qualification purposes?
  • What happens if an IRA accountholder exceeds the once-per-12-month rule?
  • What are the exceptions for the 60 day time period where the customer can “self-certify” the rollover is still allowed?
  • What are the alternatives to moving money from IRA to IRA if not a “rollover”?
  • Which IRA Forms are used and how is the movement reported to the IRS?
  • When does the financial institution have to verify transactions with the other institution?
  • What’s the difference between an IRA Transfer, an IRA Rollover and a Qualified Plan Rollover?
  • Moving money from a Traditional to a Roth or QP to a Roth – Conversion vs. Rollover?
  • What is a Recharacterization between plan types?
  • Most importantly…How do we correctly code the transactions above to the IRS?

IRAs: Distributions and Beneficiaries

IRA Beneficiaries

  • Basic difference between primary and contingent (secondary) beneficiaries
  • Naming an estate or trust as a beneficiary

IRA Distributions

  • IRS penalty exceptions prior to age 59½ and the proper IRS coding
  • Required Annual Notifications for RMDs and Withholding
  • The NINE red flags of beneficiary payouts – including reporting pitfalls
  • Extensive discussion of beneficiary payout options – including spouse, nonspouse, estate and trust
  • Setting up the Inherited IRA and documentation requirements

Who Should Attend?

New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Member Service Representatives or anyone who is newly involved in the opening, selling, marketing, or administration of IRAs. Any supervisor/manager who "oversees" the IRA department and may be responsible for answering IRA member’s questions or concerns but does not actually open IRA accounts. Experienced IRA trainers or personnel who like a review of the basics and forms.
Connection Error #D55. For immediate assistance, please use our online chat (lower right corner of this page).
   OnDemand Recording - $585   
   CD-ROM - $665