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.
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.
12:45 p.m. – 2:15 p.m.
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.
Differentiate between a transfer and a rollover
Distinguish between direct and indirect rollovers between IRAs and employer-sponsored retirement plans