SDBA IRA BASICS

December 13, 2018
Ramkota Hotel
Sioux Falls, SD

SEMINAR DESCRIPTION

IRA Essentials gives attendees a solid foundation of IRA knowledge. Real case problems and examples are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session able to work with IRA holders and process basic IRA transactions with confidence. The course is for all new IRA staff, people who are in a backup position, or an IRA support person wanting to stay current. This is also a great review course for those that have been away from IRAs for a couple of years. This course goes in a logical order from opening an IRA, to talking about contribution rules, then on to distribution rules and regulations, which includes RMDs and death distributions. The course will also address moving money as a transfer or rollover.

COURSE HIGHLIGHTS

Introduction to IRAs

• Explain the benefits of an IRA
• Identify the tax differences of a Traditional and Roth IRA

Establishing an IRA

• Examine the process for establishing an IRA and the required documents
• Differentiate between the types of beneficiaries

Funding

• Learn about the Traditional and Roth IRA eligibility requirements
• Identify the contribution limit and deadline

IRA Distributions

• Distinguish the possible taxes on IRA distributions
• Identify federal and state tax withholding requirements
• Examine IRS penalties and their exceptions

Portability

• Identify the differences between a rollover and a transfer
• Recognize rollovers between IRA’s and employer-sponsored retirement plans

Reporting

• Learn which IRA form to use for each type of transaction and how to complete it so proper reporting and compliance issues can be performed.

SEMINAR PRESENTER

Mike Nelson taught marketing for 13 years at Central Lakes Community College in Brainerd, Minn., before starting JM Consultants. He conducted insurance, real estate and securities training seminars and developed financial training services for financial institutions. JM Consultants offers all IRA products and services.

WHO SHOULD ATTEND?

You should attend this seminar if you:

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

REGISTRATION FEE

Registration  $265
Non-Member Fee  $365

SCHEDULE

8:30-9:00 am         Registration
9:00-12:00 am       Program
12:00-12:45 pm     SDBA host luncheon 
12:45-3:45 pm       Program continues

CREDITS

We have applied for 6 hours of continuing education credits from the SD Division of Insurance.

HOTEL INFORMATION

Ramkota Hotel
3200 West Maple St. – Sioux Falls
605-336-0650