Retirement savings is no joke, and neither is our virtual IRA Workshop. This informative session will provide you with everything you need to help guide your members through their retirement savings journey!
Introduction and Establishing IRAs
- Identify the tax advantages of Traditional and Roth IRAs
- Summarize the IRA opening document requirements
- Explain the difference between primary and contingent beneficiaries
- 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
Moving IRA Assets
- Differentiate between a transfer and a rollover
- Show how assets are moved between employer-sponsored retirement plans and IRAs
- Describe a conversion from Traditional or Simple IRA to Roth IRA
- Demonstrate how to report the transactions
IRA Distributions and Beneficiary Options
- 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
- Define a required minimum distribution and the required beginning date
- Describe beneficiary distribution options
- Recognize the differences for spouse, nonspouse, and nonperson beneficiaries
- Explain beneficiary payment deadlines
- Communicate the distribution reporting deadlines
9:00am - 10:30am - Introduction and Establishing IRAs
10:30am - 12:00pm - IRA Funding
12:00pm - 1:00pm - Break
1:00pm - 3:00pm - Moving IRA Assests
3:00pm - 4:30pm - IRA Distributions and Beneficiary Options
Educational Investment: $349 per person
Registration Deadline: September 11, 2020
**Login instructions will be sent one day prior to the conference.**
Jeff Aga is a Technical Consultant with the ERISA Technical Support Department at Ascensus. Mr. Aga assists clients with technical compliance questions through the 800 Consulting Service. He instructs Ascensus' webinars and various Ascensus sponsored seminars nationwide. Mr. Aga lends technical expertise regarding Qualified Retirement Plans, Traditional and Roth IRAs, Coverdell eduction savings accounts, health savings accounts and various employer-sponsored retirement plans such as 401 (k) plans, 403 (b) plans, SEP and SIMPLE IRA plans. He also conducts qualified retirement plan, 403 (b) plan, and IRA compliance audits.
Mr. Aga joined Ascensus in 1994 as a Plan Specialist in the Balance Forward Recordkeeping Department and has served as a Client Service Representative as well as a Team Leader of Client Services with the Plan Service Group.
Mr. Aga received a Bachelor of Business Administration with a concentration in marketing and management from the University of Minnesota-Duluth. He also holds the Certified Pension Consultant (CPC), Qualified 401 (k) Plan Administrator (QKA) and Qualified Pension Administrator (QPA) designations from the American Society of Pension Professionals and Actuaries (ASPPA) and is a Certified IRA Services Professional (CISP).
Carrie Horn is a Consultant with the ERISA Compliance Department at Ascensus. In her position, Ms. Horn serves as an instructor for Ascensus seminars, workshops, conferences, and institutes, as well as seminars for specific associations and financial organizations upon request. Ms. Horn also performs compliance reviews of IRA trustees' and custodians' IRA departments, which include assessments of internal controls and procedures, and compliance reviews of IRA documentation, tax reporting, and tax withholding. Ms. Horn is also one of the primary drafters of IRA and qualified retirement plan forms and documents that Ascensus makes available to financial organizations.
Ms. Horn is a graduate of Minnesota State University, Moorhead, with a Bachelor or Science degree in accounting. She has received the designation of Certified IRA Services Professional (CISP) from the Institute of Certified Bankers (ICB), and currently sits on the ICB's CISP Advisory Board. Ms. Horn has also earned the designations of Qualified Pension Administrator (QPA) and Tax-Exempt and Governmental Plan Consultant (TGPC) from the American Society of Pension Professionals & Actuaries (ASPPA). She has been with Ascensus since 1994.
A refund of the amount paid, less an $70 administrative fee per registrant, will be given for all cancellations submitted via email to firstname.lastname@example.org ten or more business days prior to the start of the session. No refunds will be granted if the cancellation is received after that time frame. Substitutes will be accepted any time prior to the start of the program at no additional cost. Simply email an updated registration form, listing the new participant and who they will be replacing.