PLEASE NOTE: Location has been changed to Indiana Wesleyan University.
If you are not a KBA member, please contact Jamie Hampton at jhampton@kybanks.com for the possibility of attending at a non-member rate. Online registrations are followed up with an email confirmation. Once an online registration is started you must click proceed to check-out and then click submit to finalize the registration. Registrants can view events they are registered for by using the MyKBA link on https://www.kybanks.com. 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. Attendees should bring a hand-held calculator. In Introduction and Establishing IRAs • Identify the tax advantages of Traditional and Roth IRAs • Summarize the IRA opening document requirements • Explain the difference between primary and contingent beneficiaries IRA Funding • Compare and contrast Traditional and Roth IRA eligibility requirements • Explain the regular contribution limit • Distinguish the regular contribution deadline • State the rules for prior-year contributions • Discuss the regular contribution reporting deadlines IRA Distributions • Identify federal income tax withholding requirements • Recognize the exceptions to the early distribution penalty tax • Summarize the tax consequences of Traditional and Roth IRA distributions • Define a required minimum distribution (RMD) and the required beginning date (RBD) • Discuss the distribution reporting deadlines IRA Portability • Differentiate between a rollover and a transfer • Distinguish between direct and indirect rollovers between IRAs and employer-sponsored retirement plans
Who Should Attend You should attend this seminar if you • need to learn the basics of Traditional and Roth IRAs or • want an updated, general refresher on IRA rules. Event Brochure
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 institutions 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.