2 Day IRA Seminar: Basic & Advanced Issues OnDemand with Live Streaming Webinar

What an IRA roller coaster ride this has been!! After a year of deliberations, the SECURE Act was signed into law under the Appropriations Act on December 20, 2019. Most of the provisions were in effect on January 1, 2020. These are the most substantial changes we’€™ve had to IRAs in almost 15 years. There are too many issues and too many potential pitfalls financial institutions will experience if they don’€™t have a working knowledge of these changes. Forms were changed and IRA software had to be updated.

On top of that, The CARES Act was passed 3 months later further making rules and regulations changes to IRAs. Because of this, you may have to do some explaining to your customers on what the permanent changes are and what the temporary changes are due to the COVID-19 virus. The contribution deadline for 2020 and IRS and customer reporting were extended

In the IRA Basic class on Day 1: You may be thinking, I don’€™t even know the old rules to know what the new changes are. Unfortunately, you will need to know the old and the new rules because most of the IRA rules prior to 1/1/2020 are ‘grandfathered’€. But don’€™t worry, you will have the totally updated 280-page IRA Training manual with lots of ‘cheat sheets’€ to show you the ‘before’€ and ‘after’€

In the IRA Advanced Day 2: We will summarize the changes and then actually get into the nitty gritty of new distribution regulations to owners and beneficiaries – what stays the same and what changes? How do we disclose all these changes to our customers?

This intensive 2-day live stream virtual format will help you pull it all together by helping you learn the following:

Understanding the Top 20 Basic Terms of IRAs.
Next we will review the most commonly used forms to create and complete IRA transactions. (Since this is not vendor-form-specific, please bring a copy of your bank’€™s IRA Application form, Contribution Form, Distribution Form and Rollover Review or Rollover Certification Form as well as any other forms you may have questions on.)
As the day goes on, you will pick up knowledge of the IRA plan types, Traditional, Roth, and SEP IRAs
And finally, on day 2 you will better-learn and comprehend the complicated areas of Rollovers and Transfers, and IRA Distributions to owners and beneficiaries and IRS reporting, resulting in a better picture of this confusing topic incorporating the new rules as part of the SECURE and CARES Act of 2020.

Whether you are looking to gain basic knowledge of IRAs, raise your comfort level or sharpen your skills with the most up-to-date rules and regulations, this two day format will cover everything! The newly revised full 280-page IRA Manual will be provided to you whether you attend the IRA Basics, IRA Advanced or both days. The same manual will be used for both days.

Seminar Overview:

To register for individual days, click link below.
The agenda for each day is as follows:

Day 1:  IRA Basic Issues – Tuesday, August 24, 2021

  • IRA Terminology ‘€“ Top 20 Terms
  • Explanation of IRA Forms – Not Forms Specific ‘€“ (Please bring your own forms including Application, Contribution form, Distribution, Rollover Review or Certification and any other commonly used forms)
  • Beneficiary Designations including Primary and Contingent, Trusts and Estates
  • Qualifications, 2021 Contribution, Income Phase-out limits, Age Limits and other new regulations for a:
    • Traditional IRA
    • Roth and Conversion Roth
    • SEP IRAs contributions and IRS reporting
  • Questions will be answered throughout the training
  • Day 1 Review

Day 2:  IRA Advanced Issues – Wednesday, August 25, 2021

  • Updated legislative regulations on IRAs as the result of the SECURE and CARES Acts and the 2021 Cost of Living Adjustments
  • QP Rollovers and IRA Rollovers and Transfers
  • Distributions
    • Federal Income Tax Withholding
    • Before age 59½ – reporting the penalty exceptions.
    • At age 72 beginning in 2021 ‘€“ including mandatory notices
    • 9 Biggest Mistakes of IRA Beneficiary Payouts
    • Rules on new nonspouse beneficiary payout requirements beginning in 2020
    • Overview and Explanation of IRS Reporting Requirements
  • Questions will be answered throughout the training session
  • Day 2 Review

Each day can be purchased independently but for the most comprehensive understanding of the issues from A-Z, attending both days is recommended. You will receive a separate manual for the topics of each day’s class.

Who Should Attend?
Everyone even remotely involved in IRAs at your financial institution including: New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Accountholder Service Representatives, Investment and Trust Personnel who need this update and are involved in the opening, selling, marketing, or administration of IRAs. Any officer/manager who “oversees” the IRA department and may be responsible for answering IRA accountholders questions or concerns but does not actually open IRA accounts. Experienced IRA Personnel who like a slower pace workshop to cover all the new changes in a comprehensive manner.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

View Delivery Options

Related Topics

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
2 Day IRA Seminar: Basic & Advanced Issues OnDemand with Live Streaming1 Any AnyWebinarOn-Demand Faculty$1,889.00 Register Now
Delivery Options

Webinars for Banks and Credit Unions

Live Webinar:

INCLUDES 30 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a phone for the audio. You can type and send your questions to the instructor.  And don‰’t worry if you miss the webinar, you can still view it for up to thirty days after it takes place!

Live Plus Twelve Months OnDemand Playback:

With this option, you will receive the live version, then you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The link will be available to you (and anyone else in the company) for up to twelve months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

Live, Twelve Months OnDemand Playback PLUS CD-ROM VIDEO:

By adding the CD-Rom to your order, you will have non- internet access to make the webinar part of your training library.  The CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

Recorded Webinar Options available as Twelve Months OnDemand and Twelve Months OnDemand and CD-Rom

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