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Comprehensive IRA School--Two Day Program
Day One—Basics
Program Overview:
The first day will cover the basic elements of IRAs for those who either are just beginning to work with IRA accounts or who are looking for a thorough refresher course.
What you will learn:
Review of IRA Products
Traditional IRA
Roth IRA
Simplified Employee Pension Plan
Simple IRA
Moving and changing IRAs
Qualified Retirement Plan Rollovers
Rollovers from IRA to IRA
Transfers from IRA to IRA
Changes on issues of portability and conduit IRAs
Education Savings Accounts
Basics on compliance and reporting
Tests and quizzes to reinforce training
Health Savings Accounts - NEW !
Who should attend:
All new IRA personnel, customer service representatives, personal bankers who open or manage IRAs. Also support operational staff who need a basic understanding of the products which they support. Provides a good review for those who have experience as the first day of two day school.
Recommended time:
6 educational hours
Comprehensive IRA School-Two Day Program Continued
Day Two--Advanced
Program Overview:
The second day has been structured to cover all of the IRA products in more detail and, if you have been working with IRAs for several years, can be taken as a stand alone program. For those who are just beginners, this day will build on the information learned in the first day of the school.
What you will learn:
Premature distributions
Exceptions to the 10% penalty
Annuity Distributions
Tax levies on IRAs
New rules for required minimum distributions
Required beginning date
Formula
Uniform table
Reporting
Waivers
Transfers and rollovers after 70 ½
Death Distributions
Primary vs contingent beneficiaries
Treating the IRA as spouse’s own
Inheriting the IRA
Successor beneficiaries, disclaimers, calculations
Special topics
Recharacterizations
Conversions and reconversions
Revocations
Excesses
Compliance, auditing and reporting
Who should attend:
Advanced IRA administrators or personnel who are completing the second day of the school.
Recommended time:
6 educational hours.
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