November 4, 2008 West Des Moines, IA
8:30 a.m. – 4:00 p.m. Local Time Tuition: $199 Education Discounts: If your credit union has less than $15 million in assets, you’ll receive a discount on registration fees. Learn more.
IOWA CORPORATE CENTRAL ACCOUNT ACH PAYMENT OPTION
You can select ACH Debit on your registration form to pay directly out of your Iowa Corporate Central account. CUNA member access is required. Request web access today.
This workshop builds a solid foundation of IRA knowledge. You’ll develop the skills and knowledge to work with IRA owners and process basic transactions with confidence. Exercises are included throughout the day to help you apply the information to job-related situations. No previous IRA knowledge is necessary. Please bring a handheld calculator.
TOPICS & OBJECTIVES
Fundamentals
Understand the importance of retirement savings to your members and your credit union
Identify the differences between traditional and Roth IRAs
Know the process for establishing an IRA
Contributions
Learn about contribution limits and deadlines
Identify the eligibility requirements for traditional and Roth IRA contributions
Distributions
Discuss the process for removing funds from traditional and Roth IRAs
Identify IRS penalties and their exceptions
Learn when it’s necessary to withhold income taxes
Discover when owners are required to remove their IRA funds
Transfers and Rollovers
Identify the differences between a rollover and a direct transfer
Know what to do when the money comes from a qualified retirement plan instead of an IRA
Tax Reporting
Review the basic tax reports that IRA owners receive, such as forms 5498 and 1099-R
For more program content information or to request a brochure call 800-356-9655, ext. 4882, or email abollman@cuna.coop. For registration questions, call 800-356-9655, ext.4400 or e-mail reginfo@cuna.coop.
Affiliation with CUNA/League is required for attendance.
* Room rates and availability cannot be guaranteed. Rooms may be sold out prior to this date, so make your hotel reservations early! Room reservations and fees are the responsibility of the registrant.
INSTRUCTOR Chad Neumann Chad Neumann, IRA Training Consultant, is responsible for conducting IRA training programs, at the national level, to meet the needs of credit unions and leagues. Chad is the Project Manager for IRA Supertrain®. In addition, Chad is also a part of numerous project teams that propose form revisions and IRAdirect® changes.
WHO SHOULD ATTEND Choose IRA Essentials if you:
Are new to IRAs
Have backup IRA responsibility
Need an IRA refresher
Are a manager, supervisor, or accounting or operations staff member who wants to learn about basic IRA regulations
FREE PUBLICATIONS
Try one of these publications free when you register for this program!
CANCELLATIONS
Cancellations received in writing (via fax 608-231-4327) before the end of business on October 27, 2008 are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted for cancellation requests received after October 27, 2008. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.
