IRA Workshops: Essentials & Beyond Essentials Day 2 (Raleigh, NC)
March 8, 2012
Raleigh, NC
8:00 a.m. – 4:00 p.m. Local Time
Tuition: $219
Small CU Discounts: CUs under $10 million in assets receive a 25% discount by entering promotion code 0925CU on the “Complete Checkout” page. Only one discount applies.
SEMINAR OVERVIEWStaff training is a vital part of every successful IRA program. Here's your opportunity to build advanced IRA knowledge so you can provide top-notch service to your credit union's members.
IRA Advanced Workshop
In the advanced workshop, you'll get ready to handle more complex IRA issues. Discover how to address required minimum distributions, recharacterizations, and Roth conversions. The trainer will utilize real-world exercises to help participants apply information to job-related situations. Get hands-on practice in working with real-world IRA transactions. This is an advanced session; previous IRA knowledge is assumed.
Schedule
8:30 - 9:00 a.m. Registration
9:00 a.m. - 4:30 p.m. Session
Noon - 1:00 p.m. Lunch
Of related interest: IRA Workshops: Essentials & Advanced Day 1 (Raleigh, NC)
TOPICS & OBJECTIVES
Advanced: IRA Benefits
• Identify the tax advantages of the Traditional and Roth IRAs
Advanced: IRA Tax Reporting and Withholding
• Analyze the IRS Form 5498 and 1099-R tax statements
• Describe the withholding requirements on both a federal and state level
Advanced: IRA Transactions
• Identify different types of contributions that can be made to Traditional and Roth IRAs, such as rollover contributions, including the automatic waiver of the 60-day rule, and Traditional IRA-to-Roth IRA conversions
• List how and when these contributions are reported to the IRA owner and the IRS
• Discuss the tax consequences of distributions from Traditional and Roth IRAs
• Define an excess contribution, as well as a recharacterization
• Analyze the requirements for reporting distributions to the IRA owner and the IRS
Advanced: Required Minimum Distributions
• Define the required beginning date (RBD)
• Differentiate when to use the Uniform Lifetime Table and the Joint Life Expectancy Table
• Review the tax reporting requirements for required minimum distributions (RMDs)
Advanced: Processing an IRA Death Claim
• Examine the steps involved in the death claim process
For more program content information or to request a brochure call 800-356-9655, ext. 4053, or email mjohnson@cuna.coop. For registration questions, call 800-356-9655, ext. 4400, or e-mail reginfo@cuna.coop.
Affiliation with CUNA/League is required for attendance.
LOCATION
JANE S MCKIMMON CONFERENCE & TRAINING CENTER 1101 Gorman StRaleigh, NC 27606-2002
Fax: (919) 515-6974
LODGING DETAILLooking for lodging in the area?
Click here for a list of hotels nearby.
INSTRUCTORS
Fred is a training consultant for Ascensus, Inc., a division of Crump Group, Inc.  He is responsible for developing and delivering IRA training programs on a national level to meet the needs of credit unions and leagues. Fred is also the project manager for compliance and operational eLearning. As such, he is responsible for overseeing new and existing webinars for credit union staff, including the development, design, implementation, assessment and maintenance of all courses. He is also the project manager for the IRAdirect® training environment.
WHO SHOULD ATTEND
This seminar is beneficial for those who wish to expand on their IRA knowledge and practice complex IRA issues.
CANCELLATIONS
Cancellations received in writing (via fax 608-231-4327) before the end of business on February 29, 2012 are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted for cancellation requests received after February 29, 2012. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.
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