IRA Essentials & Advanced Workshops coming this fall

on "March 05, 2020 9:42 am"

Expert Ascensus IRA training comes to Honolulu. Don't delay, register today.

IRA Essentials & Advanced Workshops
October 1-2, 2020
Hawaii Credit Union League Education Center
1654 S King Street
Honolulu, Hawaii 96826

October 1, 2020

IRA Essentials
IRA Essentials gives attendees a solid foundation of IRA 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 beginner's session; no previous IRA knowledge is assumed. Attendees should bring a hand-held calculator. 

Course Topics May Include

Introduction and Establishing IRAs

  • Identify the tax differences of a Traditional and Roth IRA
  • Summarize the IRA opening document requirements
  • Explain the difference between primary and contingent beneficiaries

IRA Funding

  • Compare and contrast Traditional and Roth IRA eligibility requirements
  • Explain the regular contribution limit
  • Distinguish the regular contribution deadline
  • State the rules for prior-year contributions
  • Communicate the regular contribution reporting deadlines

IRA Distributions

  • Identify federal income tax withholding requirements
  • Recognize the exceptions to the early distribution penalty tax
  • Summarize the tax consequences of Traditional and Roth IRA distributions
  • Define a required minimum distribution and the required beginning date
  • Communicate the distribution reporting deadlines

IRA Portability

  • Identify the differences between a rollover and a transfer
  • Recognize 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 updated, general refresher on IRA rules.



October 2, 2020

Advanced IRAs
Advanced IRAs builds on the attendees’ basic IRA knowledge to address some of the more complex IRA issues that their financial organizations may handle. This is an advanced session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.

Course Topics May Include

IRA Update

  • Explain recent changes affecting IRA owners
  • Discuss the current Roth modified adjusted gross income (MAGI) limits
  • Recognize how recent changes may affect your financial organization 

Required Minimum Distributions

  • Calculate a required minimum distribution (RMD)
    Discuss the RMD rules and reporting requirements

Beneficiary Options

  • Describe beneficiary distribution options
  • Recognize the differences for spouse, nonspouse, and nonperson beneficiaries
  • Explain beneficiary payment deadlines

Roth IRA Conversion Contributions

  • Describe a conversion
  • Explain the effect of withholding on a conversion
  • Report a conversion
  • Define the consequences of an ineligible conversion

Advanced Portability

  • Summarize the restrictions on the movement between IRAs
  • Recognize the options available when moving from an employer-sponsored retirement plan to an IRA
  • Explain the result of violating the portability restrictions

IRA Excess Contributions

  • Define an excess contribution
  • Identify excess contribution correction methods
  • Calculate NIA to an excess contribution
  • List the possible taxes and penalty taxes for excess contributions

Who Should Attend

You should attend this seminar if you are an IRA administrator, personal banker, or member services personnel who has a working knowledge of basic IRA operations and wishes to expand your expertise and provide enhanced customer service; a financial professional who recognizes that IRAs play an integral role in retirement planning; a compliance specialist with procedural oversight of IRA policies and practices; or support personnel responsible for promotional materials that describe the services provided by your financial organization.