This basic IRA webinar is designed for those new to IRAs or is a great review for those who have been in the business for a while. It addresses the purpose of IRAs, the role IRAs play in an account holder's retirement strategy and a review of the 4 different types of IRAs and their eligibility requirements. Learn the tax implications that the account holder faces and what our responsibility as the custodian of the IRA entails.
Covered Topics:
- Review of the Traditional IRA
- Review of the Roth IRA
- Review of the Simplified Employee Pension Plan IRA
- Review of the SIMPLE IRA
- Learn on each product type listed above:
- Eligibility/deductibility
- Tax due date
- Contribution limits
- Compensation limits
- Tax implication
- Reporting to the IRS and to the accountholder
Who Should Attend?
This webinar will benefit all IRA administrators, personal bankers, trust officers, customer/member service representatives and those selling or discussing these products with their customers or members.