IRA Essentials

IRA Essentials gives attendees a solid foundation of IRA knowledge. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence. This is a beginner’s session; no previous IRA knowledge is assumed. Attendees should bring a hand-held calculator.

Course Topics May Include:

Introduction and Establishing IRAs

• Identify the tax differences between a Traditional and Roth IRA

• Examine the process for establishing an IRA and the required documents

• Differentiate between the types of beneficiaries

IRA Funding

• Learn about the Traditional and Roth IRA eligibility requirements

• Identify the contribution limit and deadline

• Communicate contribution reporting deadlines

IRA Distributions

• Identify federal income tax withholding requirements

• Examine IRS penalties and penalty exceptions

• Summarize the tax consequences of IRA distributions

• Communicate distribution reporting deadlines

IRA Portability

• Differentiate between a rollover and a transfer

• Recognize rollovers between IRAs and employer-sponsored retirement plans

Who Should Attend? You should attend this seminar if you:

• Need to learn the basics of Traditional and Roth IRAs or

• Want an updated, general refresher on IRA rules.

The price is $299 per attendee

This class is a hybrid format. You can sign up to attend in person or online via Zoom. (A Zoom link will be provided at a later time)

Check-in begins at 8:30 am. Lunch will be served to in-person attendees.