IRAs: The Basics

Have you ever noticed sometimes when the IRA Guru leaves the credit union, it is without notice or training for a replacement?!?! On the first day of training, you feel like someone dropped you on the top of a mountain and told you to find your own way down. In other words, you have NO IDEA where to go or what they are talking about. Everything just sounds alien to you. It's true. IRAs are a different world from the other accounts at your credit union. Oh, they may look similar, but the rules, regulations and IRS reporting build the complications to the point where you feel like you are on falling off a cliff!! And, just when you finally find your footing, they change the rules again.

While it may take years to build a confidence level where you can answer almost any question thrown your way, the goal of this 3-part series is to raise your comfort level if you are a rookie and to reinforce your knowledge if you have a higher level of experience.

This program is Part 1 of a 3 Part Series. For more information and series pricing, Click Here.

Covered Topics

  • Review of top terminology of IRAs
  • Basic Forms Required To Open, Close, Move and Maintain IRAs (have your own forms - including application, contribution and distribution forms - available during the webinar)
  • Qualifications, Contribution Limits and Deadlines for:
    • Traditional IRA and Roth IRAs
    • Conversion Roth (IRS codes and reporting)
    • Coverdell Education Savings Accounts - CESA

This is Part I of a three-part series. You can attend all the sessions to obtain the complete information or any one independently.

Who Should Attend?

New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Member Service Representatives or anyone who is newly involved in the opening, selling, marketing, or administration of IRAs. Any supervisor/manager who "oversees" the IRA department and may be responsible for answering IRA member’s questions or concerns but does not actually open IRA accounts. Experienced IRA trainers or personnel who like a review of the basics and forms.
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   OnDemand Recording - $215   
   CD-ROM - $245