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IRA Essentials

IRA Essentials

 

Who Should Participate

You should attend this seminar if you need to learn the basics of Traditional and Roth IRAs, or need an updated, general refresher on IRA rules.

Make your attendance count towards your continuing professional education credits! The MBA will provide a certificate of attendance that you may submit to the appropriate advisory board.

 

Topics

Introduction and Establishing IRAs

  • Identify the tax differences of a Traditional and Roth IRA
  • Summarize the IRA opening document requirements
  • Explain the difference between primary and contingent beneficiaries
IRA Funding
  • Compare and contrast  Traditional and Roth IRA eligibility requirements
  • Explain the regular contribution limit
  • Distinguish the regular contribution deadline
  • State the rules for prior-year contributions
  • Communicate the regular contribution reporting deadlines
IRA Distributions
  • Identify federal income tax withholding requirements
  • Recognize the exceptions to the early distribution penalty tax
  • Summarize the tax consequences of Traditional and Roth IRA distributions
  • Communicate distribution reporting deadlines
IRA Portability
  • Differentiate between a rollover and a transfer
  • Recognize rollovers between IRAs and employer-sponsored retirement plans
On December 20, 2019, Congress passed the Further Consolidated Appropriations Act, 2020, which included the provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The SECURE Act represents the most comprehensive retirement reform legislation in more than a decade, and its enactment requires financial organizations to take swift action.

We’ll discuss some best practices designed to assist you while the IRS and DOL are working on formal guidance pertaining to SECURE.

Presenter

Ascensus instructors are recognized as some of the leading retirement plan experts in the industry. Instructors use classroom instruction, multimedia presentation, and real-world examples to create an ideal learning environment for attendees.

Registration Fee (This fee includes materials, lunch and refreshments)

Member: $295.00
$499.00 if also attending Advanced IRAs

Qualified Non-Member $590.00

Note:  You will be given the option to pay by credit card or to invoice your company during the checkout process.

Dates & Times

April 7, 2020
Check in: 8:45 AM
Program: 9:00 AM - 4:00 PM

Location

Minnesota Bankers Association
8050 Washington Avenue South
Eden Prairie, MN  55344
Click here for directions

Lodging

Lodging arrangements can be made at: Hyatt Place, Eden Prairie. Click here to make an online reservation, or call 952-944-9700 - dial “0” for the front desk, (Ask for the Minnesota Bankers Association rate of $148.00, plus tax)

Cancellation Policy

The MBA reserves the right to cancel programs due to insufficient enrollment, instructor illness, or other reasons. Participants wishing to cancel must inform the MBA in writing prior to the event. Send cancellation notices to maryh@minnbankers.com. A cancellation fee of 25% of the program cost will be charged for withdrawing, or you may send a substitute. The full program fee will be charged for withdrawing after the event has taken place or a no-show. 

Special Needs

If you have a disability that may affect your participation in this program - or any dietary issues - please send a statement regarding any special needs to maryh@minnbankers.com at least two weeks prior to the program. We will contact you to discuss accommodations.
When
4/7/2020 9:00 AM - 4:00 PM
Where
Minnesota Bankers Association 8050 Washington Avenue South Eden Prairie, MN 55344

Please note that you must be logged in to register online

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