Individual Retirement Accounts (IRA): The Basics Webinar
The goal of this basic webinar is to start at the beginning of “What is an IRA?” Who can have an IRA? How much can they contribute? All areas will be discussed thoroughly, with emphasis on the responsibility of the financial institution vs. the responsibility shifting to the account holder.
Webinar Description and Intended Audience
Have you ever noticed sometimes when the IRA Guru leaves the bank, it is without notice or training for a replacement??!! On the first day of training, you feel like someone dropped you on the top of a mountain and told you to find your own way down. In other words, you have NO IDEA where to go or what they are talking about. Everything just sounds alien to you. It’s true. IRAs are a different world from the other accounts at your bank. Oh, they may look similar, but the rules, regulations and IRS reporting build the complications to the point where you feel like you are on falling off of a cliff!! And, just when you finally find your footing, they change the rules again.
While it may take years to build a confidence level where you can answer almost any question thrown your way, the goal is to raise your comfort level if you are a rookie and to reinforce your knowledge if you have a higher level of experience.
Review of top terminology of IRAs
Basic Forms Required To Open, Close, Move and Maintain IRAs (have your own IRA forms – including application, contribution and distribution forms – available during the webinar)
Qualifications, Contribution Limits and Deadlines for:
- Traditional IRA and Roth IRAs
- Conversion Roth (IRS codes and reporting)
- Simplified Employee Pension Plan – SEP IRA
This is Part I of a four-part series. You can attend all the sessions to obtain the most comprehensive information or any part in the series independently.
You are encouraged to have a sample of the IRA forms your financial institution is currently using for your review during the session including: IRA Application, IRA Contribution forms, Distribution Forms and Rollover Review/Certification Forms.
Who Should Attend?
New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Member Service Representatives or anyone who is newly involved in the opening, selling, marketing, or administration of IRAs. Any supervisor/manager who “oversees” the IRA department and may be responsible for answering IRA member’s questions or concerns but does not actually open IRA accounts. Experienced IRA trainers or personnel who like a review of the basics and forms.
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.
Viewing Option Descriptions
INCLUDES SEVEN 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 telephone for the audio. You can type and send your questions to the instructor during the webinar. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time.
SIX MONTH ONDEMAND VIDEO:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player 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 OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
If you do not have internet access or want 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.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.