BEGIN:VCALENDAR VERSION:2.0 PRODID:-//jEvents 2.0 for Joomla//EN CALSCALE:GREGORIAN METHOD:PUBLISH BEGIN:VTIMEZONE TZID:America/Chicago X-LIC-LOCATION:America/Chicago BEGIN:DAYLIGHT TZOFFSETFROM:-0600 TZOFFSETTO:-0500 TZNAME:CDT DTSTART:19700308T020000 RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=2SU END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0500 TZOFFSETTO:-0600 TZNAME:CST DTSTART:19701101T020000 RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU END:STANDARD END:VTIMEZONE BEGIN:VEVENT UID:39d475c27b25b4911085c6a5fd27b183297 CATEGORIES:SDBA Events SUMMARY:SDBA 2021 IRA Basic Seminar DESCRIPTION:
IRA Essentials gives attendees a solid foundation of IRA knowledge. R eal case problems and examples are included throughout the day to help part icipants apply information to job-related situations. Attendees will leave this session able to work with IRA holders and process basic IRA transactio ns 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 i s also a great review course for those who have been away from IRAs for a c ouple of years. This course goes in a logical order from opening an IRA, to talking about contribution rules, then on to distribution rules and regula tions, which includes RMDs and death distributions. The course will also ad dress moving money as a transfer or rollover.
Registration Fee: $245
Non
-Member Fee: $345
Cancellation Policy: 1
00% refund if canceled on or before Nov. 30, 2021; 75% refund if canceled D
ec. 1-3, 2021; no refund if canceled after Dec. 3, 2021. Substitutions allo
wed at any time.
Platform: Zoom
Link will be sent Friday, Dec. 3. The
se sessions will be recorded.
Introduction to IRAs
- Explain the benefits of an IRA
- Identify the tax differenc
es of a Traditional and Roth IRA
Establishing an IRA
- Examine the process for establishing an IRA and the required docum
ents
- Differentiate between the types of beneficiaries
Funding
- Learn about the Traditional and Roth IRA eligibilit
y requirements
- Identify the contribution limit and deadline
IRA Distributions
- Distinguish the possible taxes on I
RA distributions
- Identify federal and state tax withholding require
ments
- Examine IRS penalties and their exceptions
Porta
bility
- Identify the differences between a rollover and a tr
ansfer
- Recognize rollovers between IRA’s and employer-sponsored reti
rement plans
Reporting
- Learn which IRA form t
o use for each type of transaction and how to complete it so proper reporti
ng and compliance issues can be performed.
You should attend this seminar if you need to learn the b asics of Traditional and Roth IRAs or want an updated, general refresher on IRA rules.
Matthew Dickin son has 16-plus years in banking and retirement and has held many titles wi thin his career. Matt has worked for companies such as Ascensus, Merrill Ly nch, Wells Fargo and Frandsen Bank and Trust. On a day-to-day basis, Matt h elps financial institutions gain and maintain their knowledge base to manag e their IRA portfolio.
Dece
mber 7: 9:00 a.m. – noon CST
December 9: 9
:00 a.m. – noon CST