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.
Part 1 IRAs: The Basic Essentials: All-Day Streaming
The only way to truly understand IRAs is to start at the beginning and build up your knowledge and expertise from there. Because IRAs change frequently, it is essential for everyone, regardless of their experience level, to revisit the basics regularly. This approach ensures a strong foundation and helps professionals stay current with new developments and regulations.
Learn the top 20 essential IRA terms, giving you the vocabulary needed to navigate IRA transactions and conversations with confidence.
Review the contribution limits for Traditional IRAs, along with the income thresholds that determine eligibility for tax-deductible contributions.
Understand the eligibility requirements for contributing to a Roth IRA and learn when the interest earned is truly tax-free.
Discover the correct procedures for reporting regular contributions made for the prior year after April 15, particularly in cases of contributions due to federal disaster repaymen
Explore the rules governing the conversion of Traditional IRAs into Roth IRAs, ensuring you understand when and how these transactions can occur.
Gain insights into Simplified Employee Pension Plans (SEP) IRAs and consider whether your institution should offer these retirement savings options.
Part 2 IRAs: Beyond the Basics: All-Day Streaming
Once you have a solid grasp of the essential principles of IRA administration, it is important to progress to the more complex elements involved in managing these accounts. Navigating advanced IRA topics is critical, as improper handling or reporting of transactions can lead to IRS notifications and potential tax consequences for account holders. This session will also provide a detailed overview of payout options available to IRA beneficiaries, reflecting the updated regulations implemented last year.
Gain clarity on the differences between Qualified Plan (QP) direct rollovers and IRA transfers, ensuring you can distinguish these transaction types accurately.
Learn the specific rules that govern the process of rolling over a 529 plan into a Roth IRA.
Understand when it is appropriate to use the term “rollover” in IRA-to-IRA transactions to ensure accurate communication and reporting.
Explore the new exceptions to the 10% penalty on IRA distributions taken before age 59½, including how to properly report these exceptions.
How to use the new IRS code for reporting Qualified Charitable Distributions (QCDs)
Determine whether a beneficiary can elect optional distributions during the first nine years if the IRA owner passed away after 2019 and was subject to Required Minimum Distribution (RMD) rules.
Identify nine critical warning signs or red flags that can arise during beneficiary payout processes.
Review the options available for distributing IRA assets to a trust beneficiary, ensuring compliance and proper handling of these transactions.
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.
Webinar Details
Mastering IRA administration starts with a back‑to‑basics approach—building a solid foundation before navigating the complexities of account management. Because regulations shift frequently, even seasoned professionals must regularly revisit essential principles to stay current and avoid the costly IRS notifications or tax consequences that stem from improper reporting. This session bridges that gap, progressing from foundational knowledge to advanced topics, including a detailed look at the latest payout options for IRA beneficiaries.
We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
Essential Website Cookies
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
Because these cookies are strictly necessary to deliver the website, refusing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.
We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.
We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.
Other external services
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
Google Webfont Settings:
Google Map Settings:
Google reCaptcha Settings:
Vimeo and Youtube video embeds:
Privacy Policy
You can read about our cookies and privacy settings in detail on our Privacy Policy Page.
