IRA Advanced - Louisville

If you are not a KBA member, please contact Jamie Hampton at jhampton@kybanks.com or 502-736-1278 for the possibility of attending at a non-member rate.

Seminar 9 a.m. - 4 p.m. local time. Registration begins after 8:30 a.m. and breakfast will be available.

Advanced IRAs builds on the attendees’ 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. The instructor uses real-world exercises to help participants apply information to job-related situations.

Course Topics May Include

IRA Update
  • Explain recent changes affecting IRA owners
  • Recognize how recent changes may affect your financial organization
IRA Excess Contributions
  • Define an excess contribution
  • Identify excess contribution correction methods
  • Describe a recharacterization
  • List the possible taxes and penalty taxes for excess contributions
Required Minimum Distributions
  • Calculate a required minimum distribution (RMD)
  • Discuss the RMD rules and reporting requirements
Beneficiary Options
  • Describe beneficiary distribution options when an IRA owner died before January 1, 2020, or dies on or after January 1, 2020
  • Recognize the differences for the various beneficiary types
  • Explain beneficiary payment deadlines
Advanced Portability
  • Summarize the restrictions on the movement between IRAs
  • Describe a conversion
  • Explain the effect of withholding on a conversion
  • Recognize the options available when moving from an employer-sponsored retirement plan to an IRA
  • Explain the result of violating the portability and conversion restrictions


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;
  • a financial professional who recognizes that IRAs play an integral role in retirement planning;
  • a compliance specialist with procedural oversight of IRA policies and practices; or
  • support personnel responsible for promotional materials that describe the services provided by your financial organization.
Cancellation Policy

Cancellations received more than 30 days prior to the event will receive a full refund. Cancellations received between 29 days and 10 days prior to the event will be charged a $50 processing fee. There will be no refund for cancellations received less than 10 days prior to the event. Substitutions are always welcome and encouraged. All cancellations and substitutions must be submitted in written format prior to the event.
When
9/22/2021 - 9/22/2021
Where
Indiana Wesleyan University
1500 Alliant Avenue
Louisville, KY

About the Speaker(s)

SpeakerBlock
Ben Maas
Ben Maas
Ascensus

Ben Maas is a Senior Training Consultant with the ERISA department at Ascensus. Mr. Maas conducts IRA training programs nationwide. His expertise includes Traditional and Roth IRAs, Coverdell education savings accounts, health savings accounts and SEP and SIMPLE IRA plans. He also leads the development, design, implementation, assessment and maintenance of the IRA University curriculum.

Mr. Maas joined Ascensus in 2005 as a member of the IRA Call Center before becoming a training consultant. He received a Bachelor of Business Administration degree in Finance from the University of Wisconsin-Whitewater. He has earned the Certified IRA Specialist (CIS) designation through Ascensus, the Certified IRA Professional (CIP) through the National Association of Federal Credit Unions (NAFCU), and the Certified IRA Services Professional (CISP) designation through the Insitute of Certified Bankers. He is a member of the Association for Talent Development (ATD).

Ascensus is the largest independent retirement and college savings services provider in the United States, helping over 7 million Americans save for the future. With more than 35 years of experience the firm partners with financial insitutions to offer tailored solutions that meet the needs of financial professionals, employers and individuals. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 40,000 retirement plans and 3.5 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts and is home to one of the largest ERISA consulting teams in the country.

Ben Maas
Ben Maas
Ascensus
Ben Maas is a Senior Training Consultant with the ERISA department at Ascensus. Mr. Maas conducts IRA training programs nationwide. His expertise includes Traditional and Roth IRAs, Coverdell education savings accounts, health savings accounts and SEP and SIMPLE IRA plans. He also leads the development, design, implementation, assessment and maintenance of the IRA University curriculum.

Mr. Maas joined Ascensus in 2005 as a member of the IRA Call Center before becoming a training consultant. He received a Bachelor of Business Administration degree in Finance from the University of Wisconsin-Whitewater. He has earned the Certified IRA Specialist (CIS) designation through Ascensus, the Certified IRA Professional (CIP) through the National Association of Federal Credit Unions (NAFCU), and the Certified IRA Services Professional (CISP) designation through the Insitute of Certified Bankers. He is a member of the Association for Talent Development (ATD).

Ascensus is the largest independent retirement and college savings services provider in the United States, helping over 7 million Americans save for the future. With more than 35 years of experience the firm partners with financial insitutions to offer tailored solutions that meet the needs of financial professionals, employers and individuals. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 40,000 retirement plans and 3.5 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts and is home to one of the largest ERISA consulting teams in the country.

MAAS, BEN

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