> IRA Essentials

Tuesday, March 05, 2013
9:00 AM (GMT-05:00) Eastern Time (US & Canada)
4:30 PM

 

 

IRA Road to Retirement: Day 1 - Essentials

IRA Essentials gives attendees a solid foundation of IRA knowledge. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence. This is a beginner’s session; no previous IRA knowledge is assumed. Those attending should bring a hand-held calculator.

Program Agenda for the IRA Essentials Workshop

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.
  • Ensure accurate contribution reporting.

IRA Distributions

  • Distinguish the possible taxes on IRA distributions.
  • Identify federal and state tax withholding requirements.
  • Examine IRS penalties and their exceptions.
  • Ensure accurate distribution reporting.

Portability

  • Identify the differences between a rollover and a transfer.
  • Recognize rollovers between IRAs and employer-sponsored retirement plans.
  • Ensure accurate rollover reporting.

Reporting

  • Recognize reporting requirements and outline IRA reporting deadlines. 

Speaker: Debbie Shipman, CIS CIP CISP, Senior IRA Training Consultant

Debbie Shipman is a training consultant for Ascensus, Inc. She is responsible for conducting IRA training programs to meet the needs of financial institutions nation-wide.  Debbie is the project manager for Ascensus’ credit union IRA workshop tours, as well as in-house training programs.  Her responsibilities include the analysis, design, development, implementation, and evaluation of these curriculums.

Before joining Ascensus in 2009, Debbie worked for CUNA Mutual Group for 10 years as an IRA Training Consultant. Debbie attended the University of Wisconsin-Madison. She is a member of the American Society for Training and Development (ASTD), has earned the designation of Certified IRA Specialist (CIS) through Ascensus, Certified IRA Professional (CIP) through Ascensus and the National Association of Federal Credit Unions (NAFCU), as well as the designation of Certified IRA Services Professional (CISP) through the American Bankers Association (ABA).

Locations: NJ Credit Union League "live" and via Video Conferencing at Atlantic FCU and Members 1st of NJ FCU.

NJCUL                                   Atlantic FCU                      Members 1st of NJ FCU
299 Ward Street                   37 Market Street                  37 West Landis Avenue
Hightstown, NJ 08520         Kenilworth, NJ 07033        Vineland, NJ 08360

Schedule:      9:00 am – 4:30 pm, with lunch provided.

Tuition:          $199.00 per person

To register and pay by check, send an email to Mary Zelinsky at mzelinsky@njcul.org. To register and pay online, click here