IRA

In the IRA Basic class on Day 1, you may be thinking, I don’t even know the old rules to know what the new changes are.  Unfortunately, you will need to know the old and the new rules because most of the IRA rules prior to 1/1/2020 are “grandfathered”.  But don’t worry, you will have the totally updated IRA “Red” Book Training manual with lots of “cheat sheets” to show you the “before” and “after”

In the IRA Advanced Day 2, we will summarize the changes and then actually get into the nitty gritty of new distribution regulations to owner’s and beneficiaries - what stays the same and what changes?  How do we disclose all these changes to our customers?

This intensive 2-day format will help you pull it all together by helping you learn the following: 

1. Understanding the Top 20 Basic Terms of IRAs.
2. Next we will review the most commonly used forms to create and complete IRA transactions.
3. As the day goes on, you will pick up knowledge of the IRA plan types, Traditional, Roth and SEP. 
4. On the second day of our journey, we will nail down the use of the proper terminology of “Rollover” vs. “Transfer” when moving money from an employer plan to an IRA and from an IRA to an IRA – and the consequences if we don’t know the difference.
5. Health Savings Accounts – What’s our job and what’s the customer’s responsibility?
6. And finally, you will better-learn and comprehend the complicated areas of IRA Distributions to owners and beneficiaries and IRS reporting, resulting in a better picture of this confusing topic incorporating any new rules.

Whether you are looking to gain basic knowledge of IRAs, raise your comfort level or sharpen your skills with the most up-to-date rules and regulations, this two day format will cover everything!  The newly revised full 275-page IRA Manual will be provided to you whether you attend the IRA Basics, IRA Advanced or both days. 

Who Should Attend?

Everyone even remotely involved in IRAs at your financial institution including: New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Account holder Service Representatives, Investment and Trust Personnel who need this update and are involved in the opening, selling, marketing, or administration of IRAs.  Any officer/manager who "oversees" the IRA department and may be responsible for answering IRA account holders questions or concerns but does not actually open IRA accounts.  Experienced IRA Personnel who like a slower pace workshop to cover all the new changes in a comprehensive manner.

MEMBERS: $595 for both days, $310 for one day

NON-MEMBERS: $895 for both days, $610 for one day

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