| Overview
What is good about IRAs ?
What is bad about IRAs ?
Understanding the basic duties of the financial institution
and the IRA Accountholder
Tax Benefits and Tax
Statistics
Traditional IRAs
Roth IRAs
SEP-IRAs
SIMPLE IRAs
Setting Up and Maintaining
IRA Files
Record Retention requirements
IRS requirements
Contractual requirements
Establishing IRAs
Types
Plan Document issues
Disclosure statement issues
Designation of beneficiary(ies)
Fees
Basic Investments
and Disclosure Rules
Time Deposits and savings accounts
Money Market Funds
Mutual Funds
Prohibited Transaction
Concerns Relating to Marketing IRA Products and Services
FDIC and NCUA Coverage
Rules
Contributions and Contribution
Reporting
New Types of Contributions
Spousal Contributions
IRS revises the 5498 Form for 2009
Fair Market Value Reporting
Roth IRA Conversion -
2010 is Near
Rollovers Among IRAs
Rollovers and Direct Rollovers to Traditional IRAs
from employer plans
Rollovers and Direct Rollovers to Roth IRAs from employer plans
Correcting Mistaken or
unwanted contributions
Recharacterizations
Withdrawing excess contributions
Distributions and Distribution
Reporting
General Procedures
Taxation of Distributions Traditional IRAs
Taxation of Distributions Roth IRAs
Handling After-Tax Dollars
Withholding - Federal and State Law
Understanding the Exceptions to the 10% tax
Substantially periodic payments
First-time home buyer
Disability
Storms/Hurricanes
IRA levies and other levies
Exceptions applying to pension
Distributions
Required Distributions
Tax-Free transfers to an HSA
Tax-Free transfers to a charity
Why
Attend ?
- The most comprehensive training
available for Traditional IRAs, Roth IRAs, SEP-IRAs and SIMPLE
IRAs.
- Ensure compliance
- Improve knowledge and confidence
- Improve customer service
- Quickly bring a staff member
up to speed
- Increase profitability
- New marketing ideas
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Administering Inherited IRAs
Initial contact with the beneficiary
Setting up the file
Plan Document
Options/Requirements Spouse Beneficiary
Options/Requirements Non-Spouse Beneficiary
Disclaimers
Designated Beneficiary(ies)
Basics of SEP-IRAs
One person plans
Multiple person plans
Basics of SIMPLE-IRAs
One person plans
Multiple person plans
IRA Amendments
Permissive or mandatory
IRS to issue revised Model IRA Forms in January of 2010
Investment and
Prohibited Transaction Concerns
Prohibited transactions
U.S. Savings Bond and U.S. Treasuries
Coins and gold/silver bullion
Stocks and bonds
Corporation and LLC's
Third party loans
Real estate
Checkbook IRAs
Fees
Tax Penalties and
Additional Taxes
Assessed to the financial institution
Assessed to the IRA Accountholder
Conducting a Self-Audit
Special Tax Rules
for Disaster and Storm Relief
Conclusion
We
invite you to see
why CWF is the leader
in IRA training !
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