Time: 9:00 am - 4:30 pm (registration at 8:30 am)
Location: Utah Credit Union Association, 1805 S. Redwood Rd, SLC, UT, 2nd floor training room.
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.
Course Topics May Include
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
- Learn about the Traditional and Roth IRA eligibility requirements
- Identify the contribution limit and deadline
- Ensure accurate contribution reporting
- Distinguish the possible taxes on IRA distributions
- Identify federal and state tax withholding requirements
- Examine IRS penalties and their exceptions
- Ensure accurate distribution reporting
- Identify the differences between a rollover and a transfer
- Recognize rollovers between IRAs and employer- sponsored retirement plans
- Ensure accurate rollover reporting
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.
Paul Kern CIS, CIP, CISP - Product Manager of Education
Paul Kern is the Product Manager for Education at Ascensus, Inc. He is responsible for conducting, collaboratively designing and evaluating all training programs to meet the needs of financial organizations nation-wide. He is an active member of the National Certified IRA Professional (CIP) Examination Board of Directors and CIP Commission.
Before joining Ascensus in 2009, Paul worked for CUNA Mutual Group for 5 years as a training consultant. Prior to 2004, Paul worked in K-12 Education for 10 years. He taught 1st and 2nd grade for 4 years and was a technology integrator for 6 years. His primary responsibilities included integrating technology into K-12 curriculum to meet state and federal standards, individual staff technology development plans, technology staff development sessions, and leadership trainings. During this time he was also an adjunct professor for Edgewood College, Viterbo University, and a requested speaker for the University of Wisconsin-Madison Educational Technology Department.
Paul holds a Bachelor of Science Degree in Elementary Education with a minor in Psychology from Winona State University and a Master of Science Degree in Curriculum and Instruction from the University of Wisconsin – Madison. He 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).