Event Info

November 28th 9:00 am -
November 29th 4:00 pm PST

November 28th 10:00 am -
November 29th 5:00 pm MST


1 day, 7 hours

Register Now

Event Summary

Join us for a fun and engaging exploration of IRAs—training for all skill levels—and leave with a solid foundation of IRAs. Day one of the training is a beginner’s session and assumes no previous IRA knowledge. The second day builds on the IRA basics to address the more complex IRA issues facing credit unions.

November 28: IRA Essentials

November 29: Beyond Essentials

Program Overview

IRA Essentials – Day One

IRA Essentials gives attendees a solid foundation. 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.

Course Topics Include:

  • Introduction to IRAs
    • Explain the benefits of an IRA.
    • Identify the tax differences between traditional and Roth IRAs.
  • 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.

Who Should Attend the IRA Essentials Training?

You should attend this seminar if you:

  • Need to learn the basics of traditional and Roth IRAs.
  • Want an updated general refresher on IRA rules.

IRA Beyond Essentials – Day Two

Beyond Essentials builds on the attendees’ knowledge of IRA basics to address some of the more complex IRA issues their credit unions may handle. This is an advanced session; previous IRA knowledge is assumed and highly recommended. The instructor uses real-world exercises to help participants apply information to job-related situations.

Course Topics Include:

  • Amendment Issues
    • Recognize amendment requirements and procedures.
    • Describe a catch-all amendment.
  • Resolving Contribution Issues
    • Identify the difference between an true excess and a deemed excess.
    • Explain the deadline to correct an excess contribution.
    • Calculate net income attributable (NIA) and describe the methods for correcting an excess contribution.
  • Advanced Portability
    • Explain the restrictions on the movement between IRAs and the result of violating the portability restrictions.
    • Recognize the options available when moving from an employer-sponsored retirement plan to an IRA.
    • Describe a conversion, a reconversion, and the consequences of an ineligible conversion.
  • RMD and Beneficiary Issues
    • Calculate a required minimum distribution (RMD).

Who Should Attend IRA Beyond Essentials?

You should attend this seminar if you:

  • Are an IRA administrator, personal banker, or member services representative who has a working knowledge of basic IRA operations and wishes to expand your expertise and provide enhanced customer service.
  • Are a financial professional who recognizes that IRAs play an integral role in retirement planning.
  • Are a compliance specialist with procedural oversight of IRA policies and practices.
  • Are support personnel responsible for promotional materials that describe the services provided by your financial organization.

Program Agenda

Day 1: November 28, Beginners Training 
8:30 a.m.Registration Open
9:00 a.m.Seminar Begins
NoonLunch (included with registration)
4:00 p.m.Program Concludes
Day 2: November 29, Advanced Training 
8:30 a.m.Registration Open
9:00 a.m.Seminar Begins
NoonLunch (included with registration)
4:00 p.m.Program Concludes

About the Presenter

Ben Maas

Senior Training Consultant • ERISA department of Ascensus

Ben Maas is a Senior Training Consultant with the ERISA department of 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.

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 Professional (CIP) through the National Association of Federal Credit Unions (NAFCU), and the Certified IRA Services Professional (CISP) designation through the institute of Certified Bankers. He is a member of the Association for Talent Development (ATD).

Pricing

Early Registration Deadline: October 2, 2017

Registration Pricing

One Day Only

$219 – If paid registration is received by Friday, October 2

$249 – If paid registration is received after Friday, October 2

Two-Day Registration*

$329 – If paid registration is received by Friday, October 2

$359 – If registration is received after Friday, October 2

*Must be the same participant for Essentials and Beyond Essentials

Location & Travel Information

Event Location:

Northwest Credit Union Association
18000 International Blvd, Suite LP16
SeaTac, WA 98188

Video Conferencing Available:

The speaker will present from the NWUA office in SeaTac, but you can join the seminar via video conference at the following locations:

Oregon

Northwest Credit Union Association
13221 SW 68th Pkwy, Suite 400
Tigard, Oregon 97223

Oregon Community Credit Union
2880 Chad Drive
Eugene, OR 97408

Idaho

Icon Credit Union
7615 W Riverside Drive
Boise, ID 83714

Idaho Central Credit Union
4400 Central Way
Chubbuck, ID 83202

Westmark CU
2520 Channing Way
Idaho Falls, ID 83404

P1FCU
1015 Warner Ave
Lewiston, ID 83501

Scholarships

Continued education and training of credit union employees helps keep the credit union movement vibrant and competitive in the financial marketplace. We understand this can take a significant commitment of time and money.

The Northwest Credit Union Foundation provides professional development scholarships awarding up to $1,500 per year for selected applicants. Learn more at www.nwcuf.org/my-foundation.

Cancellation & Refund Policy

Registration fees are non-refundable after the early registration date. Substitutions will only be accepted by notifying NWCUA, no later than the early registration deadline.

Questions or Concerns?

For more information, contact David Curtis at 800.995.9064 ext. 151 or email your questions directly to dcurtis@nwcua.org.

For assistance with registration, please contact us at 800.995.9064 or training@nwcua.org.