Please note that the safety and health of our members is our top priority. This program has been converted to take place as a webinar. 

Registration RatesTotal Program: $805 (Early Bird – 9/30) / $855 (Regular – after 9/30)
Day 1: IRA Essentials Only: $425 (Early Bird – 9/30) / $475 (Regular – after 9/30)
Day 2: Advanced IRAs Only: $425 (Early Bird – 9/30) / $475 (Regular – after 9/30)

Individuals can register for all days as a full package, or can register for any day a la carte. You can view topics for each day on the agenda (link above).

PROGRAM INFORMATION

Day 1 – IRA Essentials

You should register for this program if you need to learn the basics of Traditional and Roth IRAs or you want an updated, general refresher on IRA rules.

This session will give 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.

Course topics include:

• Introduction and Establishing IRAs
  • Identify the tax differences of 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

Day 2 – Advanced IRAs

You should register for this session if you are an IRA administrator, personal banker, or member services personnel who has a working knowledge of basic IRA operations and wishes to expand your expertise and provide enhanced customer service, a compliance specialist, or support personnel responsible for promotional materials.

This portion of the program will build on an attendees’ basic IRA knowledge to address some of the more complex IRA issues that their financial organizations may handle. This is an advanced session, and previous IRA knowledge is assumed. The instructor will use real-world examples to help participants apply information to job-related situations.

Course topics include:

• IRA Update
  • Explain recent changes affecting IRA owners
  • Discuss the current Roth modified adjusted gross income (MAGI) limits
  • Recognize how recent changes may affect your financial organization
• Required Minimum Distributions
  • Calculate a required minimum distribution (RMD)
  • Discuss the RMD rules and reporting requirements
• Beneficiary Options
  • Describe beneficiary distribution options
  • Recognize the differences for spouse, nonspouse, and nonperson beneficiaries
  • Explain beneficiary payment deadlines
• Advanced Portability
  • Summarize the restrictions on the movement between IRAs
  • Recognize the options available when moving from an employer-sponsored retirement plan to an IRA
  • Explain the result of violating the portability restrictions
• Roth IRA Conversion Contributions
  • Describe a conversion
  • Explain the effect of withholding on a conversion
  • Report a conversion
  • Define the consequences of an ineligible conversion
• Withholding and Getting It Right
  • List the possible penalties for failing to withhold
  • Explain the withholding notice and election requirements
  • Discuss how withholding is reported and transmitted to the IRS
  • Describe foreign withholding requirements

SPEAKER INFORMATION

Carrie Horn – Consultant, Ascensus 

Carrie Horn is a consultant with the ERISA Compliance Department at Ascensus. In her position, Carrie serves as an instructor for Ascensus seminars, workshops, conferences, and institutes, as well as seminars for specific associations and financial organizations upon request. She 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. Carrie is also one of the primary drafters of IRA and qualified retirement plan forms and documents that Ascensus makes available to financial organizations.

Carrie is a graduate of Minnesota State University, Moorhead, with a Bachelor of 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. She 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). Carrie has been with Ascensus since 1994.

Frank LaLoggia – President, LaLoggia Consulting

Frank LaLoggia is the president of LaLoggia Consulting, Inc., a pension consulting firm that assists financial organizations with ongoing support in the creation, development, and marketing of their retirement plan offerings.

Frank coordinates and conducts pension seminars and training programs throughout the United States, including in-house IRA, HSA, and employer retirement plan training. With over 39 years’ experience in employee benefits, his client list is impressive. He has assisted many leading financial organizations in the pension and financial services industries. Frank has achieved the designation of Deferred Compensation Specialist through Northeastern University’s Center for Continuing education and The National Retirement Plans Training Conference.