Event Calendar

Friday, February 25, 2022

Advanced IRA E-learning Seminar

Start Date: 2/24/2022 9:00 AM MST
End Date: 2/25/2022 12:30 PM MST

Organization Name: Independent Bankers of Colorado

Maelynn Lewis
Email: mlewis@ibcbanks.org
Phone: (303) 832-2000

Advanced IRAs builds on your basic IRA knowledge to address some of the more complex IRA issues that their financial organizations may handle. This is an advanced session; previous IRA knowledge is assumed. Real-world exercises will be used to help you apply information to job-related situations.
Course Topics
IRA Update
  • Explain recent changes affecting IRA owners
  • Recognize how recent changes may affect your financial organization
Amending IRA Documents
  • Identify recent amendment guidance
  • Define plan agreement and disclosure statement amendment procedures
  • Describe a universal or “catch-all” amendment
  • List the amendment need for mergers, acquisitions, and forms provider changes
Required Minimum Distributions
  • Calculate a required minimum distribution (RMD)
  • Discuss the RMD rules
  • Explain the RMD reporting requirements
Beneficiary Options
  • Describe beneficiary distribution options when an IRA owner dies on or after January 1, 2020
  • Recognize the differences for the various beneficiary types
Advanced Portability
  • Summarize the restrictions on the movement between IRAs
  • Describe a conversion
  • Explain the effect of withholding on a conversion
  • Recognize the portability options available when moving assets from an employer-sponsored retirement plan to an IRA
Finding Answers to Commonly Asked IRA Questions
  • Review commonly asked IRA questions
  • Learn about the resources available to find answers
Designed for IRA administrators, personal bankers, or member services personnel who have a working knowledge of basic IRA operations and are looking to expand their expertise and provide enhanced customer service. Compliance specialist with procedural oversight of IRA policies and practices; and support personnel responsible for promotional materials that describe the services provided by your financial organization.

IBC is pleased to partner with Ascensus® to present IRA training. Ascensus® is the largest independent recordkeeping services partner, third-party administrator, and government and health savings facilitator in the United States. They are also on the of the savings plan industry’s leading providers of outsourced services. Their combination of purpose-built technology and deep expertise enables our partners to deliver industry-leading solutions that help people save for what matters: retirement, education, and healthcare.

Registration Pricing

IBC Education Program Members     $275              Each additional registrant from same organization      $225
IBC Members                                     $325              Each additional registrant from same organization      $275
IBC Non-Member                               $450              Each additional registrant from same organization      $400
BONUS: Register for both IRA Essentials and Advanced IRAs and $ave $50/registrant ($275 x 2 = $550; $550 – 50 = $500).

If registering more than two team members, call for discounted pricing!!
Written cancellation must be received in the IBC office by Friday, February 11, 2022, and will be subject to a $100 cancellation fee. NO REFUNDS will be granted after Friday, February 11, 2022; however, a substitute may attend. The IBC reserves the right to cancel any program for which there is insufficient funds to cover the expense of the program. In the event of cancellation by IBC you will be notified by either phone or email. Prepaid registration fees will be refunded.