This six-week online course provides the tools to build a solid IRA knowledge base and become certified as a Certified IRA Specialist (CIS) I. Topics include establishing an IRA, contributions, Traditional and Roth IRA distributions, and portability.
Course Overview
Each week consists of a self-paced eLearning module (45 to 60 minutes), followed by a 90-minute interactive webinar on Wednesdays at 1:00 p.m. CT (Central Time) to help participants apply their knowledge from the eLearning module. If you’re unable to attend, webinars are recorded for on demand viewing. After completing IRA University, attendees have the opportunity to earn their Certified IRA Specialist I (CIS I) designation for no additional cost.
Week One – Getting Started Webinar
- IRA University guidelines and expectations
- How to access eLearning modules
- Exam requirements
- eLearning homework assignment
Week Two – IRAs – Benefits and Contributions
- IRA definition
- IRA contribution eligibility
- Contribution deadlines
- Contribution limits
- Tax advantages
- eLearning homework assignment
Week Three – Establishing an IRA
- Opening an IRA
- Naming beneficiaries
- IRA opening documents
- eLearning homework assignment
Week Four – IRA Distributions Overview and Roth Distributions
- IRA distribution taxation
- Roth distribution ordering rules
- Documenting Roth IRA distributions
- Reporting Roth IRA distributions
- eLearning homework assignment
Week Five – Traditional IRA Distributions
- Traditional IRA distribution taxation
- Required minimum distribution rules
- Documenting a Traditional IRA distribution
- Reporting a Traditional IRA distribution
- eLearning homework assignment
Week Six – Portability
- Differences between transfers, rollovers, direct rollovers, and indirect rollovers
- Determining the transaction type
- Documenting transfers, rollovers, direct rollovers, and indirect rollovers
Can’t Make the Weekly Webinar? Weekly participation on Wednesdays at 1:00 p.m. CT is recommended. However, sessions will be recorded and will be available to you while attending IRA University.
Exam must be taken within 30 days of completion of the IRA University-Exam fee included in price
Audience: You should attend this course if you are new to IRAs, need a refresher, or want to earn the CIS I designation.