IRA Fundamentals is the perfect workshop for individuals who are just starting out in the retirement services industry or for those who simply need a refresher on IRAs.
Attendees will learn the requirements for establishing an IRA, contributing to an IRA, and distributing from an IRA. By using real-life examples, students will experience this information.
About This IRA Training Course
This self-paced online course includes specifics about the various types of IRAs, plus details about managing them for your clients.
Traditional and Roth IRA Plan Establishment- Explain IRA plan agreement and disclosure statement requirements
- Discuss IRA beneficiary designations Contributions
- Review IRA contribution eligibility requirements
- Identify the contribution limit and deadline
Distributions- Compare the tax consequences of Traditional and Roth IRA distributions
- Review withholding requirements
- Learn exceptions to the early distribution penalty tax
- Discuss required minimum distribution requirements
- Summarize IRA beneficiary options
Portability- Compare transfers and rollovers
- Explain rollovers between IRAs and employer-sponsored retirement plans
- Discuss conversions and recharacterizations
Required Reporting- Explain IRS reporting deadlines
Course Benefits
After attending this seminar, you will:
- Understand the IRA establishment process
- Know how to select and complete appropriate IRA transaction forms
- Recall the Traditional and Roth IRA contribution limits
- Realize which procedures to follow when accepting IRA contributions
- Understand how to process IRA distributions
- Recognize the types of reports you must submit to IRA owners and to the IRS
- Know the pertinent information you must include on required reports
You should attend this seminar if you need to learn the basic rules that govern Traditional and Roth IRAs.
Access InformationThis is a self-paced online course. Upon enrollment, you will receive an email from the course provider (the Center For Financial Training) with links and passwords to access your course. You will have full access to the course and its modules for one full year.
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