IRA BEFORE BASICS

PROGRAM OVERVIEW:

The Before Basic IRA seminar is designed for those new to IRA's. It addresses the purpose of IRA's, the role IRA's play in a customer's retirement strategy.  This great seminar includes some information on products, premature distributions and 70½ distributions. Seminar attendees will leave with less apprehension about their responsibilities and compliance issues for opening IRA's at the financial institution.

WHAT YOU WILL LEARN:

• Overview of IRA's
• Definitions you need to know
• Traditional IRA
• Roth IRA
• IRA to IRA transfers
• IRA to IRA rollovers
• Qualified Retirement Plan to IRA Rollovers
• Education Savings Accounts
• Basics on Premature Distributions
• Basics on 70 ½  Distributions
• Primary Versus Contingent

WHO SHOULD ATTEND:

New customer service representatives, tellers, personal bankers and anyone who needs introductory information on IRAs.

WHAT YOU WILL LEARN:

You will learn the tax definitions and eligibility requirements for the big choices customers make between the Traditional IRA and the Roth IRA. You will learn about IRA to IRA movement and a beginner's introduction to distributions from IRA accounts.

TIME:

3 educational hours