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:de6ae6424ec7d30b59718da8f775295c334 CATEGORIES:SDBA Events SUMMARY:IRA Basic Seminar DESCRIPTION:
Print Details & Re
gistration Information | Register Online
Registration $245
Non-Member $345
This course is designed as a “Very Basic” IRA seminar as it is designed to build a solid IRA foundation. The seminar will start with the differences between a Traditional and a Roth IRA, and then discuss how to set up a new IRA and the eligibility rules to contribute to an IRA. The biggest topic for people new to IRAs to discuss is the moving of money fro m one financial institution to another. This involves IRA transfers and rol lovers, plus the direct rollovers from a qualified plan. Discussion will go thru the 13 exceptions to taking money out of an IRA before age 59.5 to av oid the penalty tax, and how RMD is calculated in a traditional IRA. There will be an introduction into death distributions. Finally, we will cover ho w to take money out of a Roth IRA.
Introduction to IRAs
• Explain the benefits of an IRA
•
Identify the tax differences of a Traditional and Roth IRA
Est
ablishing an IRA
• Examine the process for establishing an IR
A and the required documents
• Differentiate between the types of bene
ficiaries
Funding
• Learn about the Traditional
and Roth IRA eligibility requirements
• Identify the contribution limi
t and deadline
IRA Distributions
• Distinguish t
he possible taxes on IRA distributions
• Identify federal and state ta
x withholding requirements
• Examine IRS penalties and their exception
s
Portability
• Identify the differences between
a rollover and a transfer
• Recognize rollovers between IRAs and empl
oyer-sponsored retirement plans
Required Minimum Distribution<
/strong>
• Traditional
• Roth
Death Distributions
Roth Distributions
• Qualified
• Non
-Qualified
Legislative Update
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 rule s.
Platform: Zoom
Link will be se
nt December 12. This session will be recorded.
Cancellation P olicy
100% refund if canceled on or before 12/5/2022; 75% re fund if canceled 12/6 – 12/9; no refund if canceled after 12/9. Substituti ons allowed at any time.
Questions
Halley Lee at 605.224.1653 or hlee@sdb a.com.
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