LSCU has partnered with Ascensus® and five credit union leagues across the U.S. to provide a Virtual IRA Essentials & Advanced Workshop on September 22 and 23.

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.

Course Topics
Introduction and Establishing IRAs
IRA Funding
IRA Distributions
IRA Portability

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.

All times are based on EST.
*There will be 5-minute breaks throughout the workshop

9:00 a.m. – 10:30 a.m.  
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

10:30 a.m. – 12:00 p.m.
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
Communicate the regular contribution reporting deadlines

12:00 p.m. – 12:45 p.m.
Lunch Break

12:45 p.m. – 2:15 p.m.
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 and the required beginning date
Communicate the distribution reporting deadlines

2:15 p.m. – 3:45 p.m.
IRA Portability
Differentiate between a transfer and a rollover
Distinguish between direct and indirect rollovers between IRAs and employer-sponsored retirement plans

IRA Essentials Workshop/September 22: $219 per person

IRA Advanced Workshop/September 23: $219 per person

IRA Essentials and Advanced Workshops/September 22 & 23: $425 per person

REGISTER HERE

All cancellations must be submitted in writing and received by 5:00pm on Tuesday, September 15. No refunds will be issued after this time. Substitutions are always welcome. Please submit cancellations and substitutions to Mary Hogan.

SAS credit unions ($50 million in assets or less) may apply a portion of their $500 SAS CU Initiative Account to the registration fee for this event or any LSCU or League Service Corporation product and/or service. As LSCU bills your credit union for the events/services used, your credit union can simply write on the invoice that it is to be paid out of your LSCU Small Credit Union Initiative Account. The League’s accounting staff will keep track of the expenditures from your account.

CPE Sponsors

The League of Southeastern Credit Unions (LSCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website.

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits will be granted based on a 50-minute hour.

Record Retention Policy
It is the League of Southeastern Credit Unions’ policy to retain records of our educational offerings for a minimum of five years from the date of the program. Specific documents to be retained for each event include: participation sign-in sheets; dates and locations of educational offerings; instructor name and credentials; number of CPE credits earned by participants; compiled evaluation results; copies of program materials; material review dates and documentation and CPE review dates and documentation.
Program Cancellation Policy
The League of Southeastern Credit Unions reserves the right to cancel events at its discretion. Should an event be cancelled the registered participant and/or the credit union contact will be notified via the email address provided and a full refund of the registration fee amount paid will be issued to the credit union.
Complaint Resolution Policy
For more information regarding administrative policies such as complaints, contact via email at education@lscu.coop.

September 22nd 

Virtual Platform