$1,679.00
- Format:Live Stream
- Education Type:BCU Webinars
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
Description
Whether you join us for the Day 1 Basic Essentials to master foundational terminology and forms or dive into the Intermediate/Advanced session to navigate complex topics like RMDs and beneficiary payouts, you will gain the confidence needed to handle IRA transactions with precision.
Throughout both days, participants will utilize the comprehensive “Red Book” IRA Training and Reference Manual, an electronic guide packed with cheat sheets and quick-reference charts.
By keeping this manual handy during the training, you’ll ensure a seamless learning experience and walk away with a vital resource for your professional success.
What You'll Learn
- Master the top IRA terminology, building the confidence to navigate transactions and client conversations effectively.
- Understand contribution rules for Traditional and Roth IRAs, including limits, eligibility requirements, and when earnings are truly tax-free.
- Learn proper procedures for handling and reporting IRA contributions, including prior-year contributions and special cases such as disaster-related repayments.
- Explore conversion rules between Traditional and Roth IRAs, including timing, tax implications, and best practices.
- Gain insight into SEP IRAs and evaluate whether these retirement solutions are a fit for your institution
- Differentiate between rollovers and transfers, including QP direct rollovers, IRA-to-IRA transactions, and evolving rules such as 529-to-Roth rollovers.
- Understand updated distribution rules, including new exceptions to early withdrawal penalties and proper reporting requirements (e.g., QCD IRS codes).
- Navigate beneficiary and post-death IRA rules, including RMD requirements, optional distributions, and payout considerations for accounts inherited after 2019.
- Identify key compliance risks and red flags that may arise during beneficiary payout and distribution processes.
- Review distribution options for trust beneficiaries and ensure proper handling in complex IRA scenarios.
What's Included
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