IRA BASIC SEMINAR

Tuesday, December 13, 2022 | 9 a.m. to 3 p.m. CT

Virtual via Zoom

Print Details & Registration Information | Register Online

REGISTRATION FEE

Registration $245
Non-Member $345

SEMINAR OVERVIEW

This course is designed as a “Very Basic” IRA seminar as it is designed to build a solid IRA foundation. The seminar will start with the differences between a Traditional and a Roth IRA, and then discuss how to set up a new IRA and the eligibility rules to contribute to an IRA. The biggest topic for people new to IRAs to discuss is the moving of money from one financial institution to another. This involves IRA transfers and rollovers, plus the direct rollovers from a qualified plan. Discussion will go thru the 13 exceptions to taking money out of an IRA before age 59.5 to avoid the penalty tax, and how RMD is calculated in a traditional IRA. There will be an introduction into death distributions. Finally, we will cover how to take money out of a Roth IRA.

COURSE HIGHLIGHTS

Introduction to IRAs
• Explain the benefits of an IRA
• Identify the tax differences of a Traditional and Roth IRA
Establishing an IRA
• Examine the process for establishing an IRA and the required documents
• Differentiate between the types of beneficiaries
Funding
• Learn about the Traditional and Roth IRA eligibility requirements
• Identify the contribution limit and deadline
IRA Distributions
• Distinguish the possible taxes on IRA distributions
• Identify federal and state tax withholding requirements
• Examine IRS penalties and their exceptions
Portability
• Identify the differences between a rollover and a transfer
• Recognize rollovers between IRAs and employer-sponsored retirement plans
Required Minimum Distribution
• Traditional
• Roth
Death Distributions
Roth Distributions
• Qualified
• Non-Qualified
Legislative Update

WHO SHOULD ATTEND

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

CONNECTION INFORMATION

Platform: Zoom
Link will be sent December 12. This session will be recorded.

Cancellation Policy

100% refund if canceled on or before 12/5/2022; 75% refund if canceled 12/6 – 12/9; no refund if canceled after 12/9.  Substitutions allowed at any time.

Questions 

Halley Lee at 605.224.1653 or [email protected].