IRA Advanced | Wichita
Thursday, September 25
9:00 a.m.-4:30 p.m.
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DoubleTree by Hilton Wichita Airport
2098 S Airport Rd
Wichita, Kansas 67209
Phone: 316-942-7965 or 800-362-2076, ext. 3010
IRA Advanced builds on the attendees' basic knowledge to address more complex IRA issues their financial organizations may handle. This is an advanced session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations. Those attending should bring a calculator.
Resolving Contribution Issues
Identify the difference between a true excess and a deemed excess
Explain the deadline to correct an excess contribution
Calculate the net income attributable and describe the methods for correcting an excess contribution
Explain the restrictions on the movement between IRAs and the result of violating the portability restrictions
Recognize the options available when moving from an employer-sponsored retirement plan to an IRA
Describe a conversion, a reconversion, and the consequences of an ineligible conversion
Required Minimum Distributions
Calculate a required minimum distribution 9RMD)
Discuss the RMD rules and reporting requirements
Describe beneficiary distribution options
Recognize beneficiary payment and election deadlines
Correcting Tax Forms
Identify how to manually correct IRS Form 1099-R and Form 5498
Determine how to correctly complete IRA Form 1096
Who Should Attend
You should attend this seminar 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, are a financial professional who recognizes that IRAs play an integral role in retirement planning or are a compliance specialist with procedural oversight of IRA policies and practices.
About the Presenter:
Chad Neumann is a training consultant for Ascensus, Inc. He is responsible for conducting IRA training programs to meet the needs of financial institutions nationwide. Chad is the project lead for IRA Supertrain®. He is responsible for the evaluation, analysis, design, development, and delivery of IRA Supertrain each year. Chad is also the project lead for the Certified IRA Specialist (CIS) program. In that role he is responsible for annual exam development and review. Chad is also involved in different distance learning initiatives, including the Video Training Series, webinars, and IRA Essentials OnDemand.
Before joining Ascensus in 2009, Chad worked for CUNA Mutual Group for 8 years as a training consultant. Prior to 2001, Chad gained six years of experience as a trainer and manager as part of the world’s largest independent computer training company. His responsibilities included training on a wide variety of software applications as well as sales training and operational management for a learning center.
CUs under $25M in assets: $ 89 per person (no cost to attend with scholarship)
CUs between $25-$75M in assets: $139 per person ($69.50 with scholarship)
CUs over $75M in assets: $169 per person ($126.75 with scholarship)
A 10% discount will be applied for multiple attendees from your credit union. Discount applies to IRA Essentials and/or IRA Advanced workshops.
Discount will be applied after registration has been received.
Education Scholarships are Available: Apply Today!
DoubleTree by Hilton
Other area hotels include:
Best Western Airport Inn and Conference Center
Comfort Suites Airport
Holiday Inn Express
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