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.

Advanced IRAs builds on the attendees’ basic IRA knowledge to address some of the more complex IRA issues that their financial organizations may handle. This is an advanced session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.

Course Topics
IRA Update
Required Minimum Distributions
Beneficiary Options
Advanced Portability
Roth IRA Conversion Contributions
IRA Excess Contributions

Who Should Attend?
You should attend this seminar if you are an IRA administrator, personal banker, or member services personnel who has a working knowledge of basic IRA operations and wishes to expand your expertise and provide enhanced customer service; a financial professional who recognizes that IRAs play an integral role in retirement planning; a compliance specialist with procedural oversight of IRA policies and practices; or support personnel responsible for promotional materials that describe the services provided by your financial organization.

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

9:00 a.m. – 9:30 a.m.     
IRA Update
Explain recent changes affecting IRA owners
Discuss the current Roth modified adjusted gross income (MAGI) limits
Recognize how recent changes may affect your financial organization

9:30 a.m. – 10:30 a.m.
Required Minimum Distributions
Calculate a required minimum distribution (RMD)
Discuss the RMD rules and reporting requirements

10:30 a.m. – 12:00 p.m.
Beneficiary Options
Describe beneficiary distribution options
Recognize the differences for spouse, nonspouse, and nonperson beneficiaries
Explain beneficiary payment deadlines

12:00 p.m. – 12:45 p.m.
Lunch Break

12:45 p.m. – 1:45 p.m.
Advanced Portability
Summarize the restrictions on the movement between IRAs
Recognize the options available when moving from an employer-sponsored retirement plan to an IRA
Explain the result of violating the portability restrictions

1:45 p.m. – 2:30 p.m.     
Roth IRA Conversion Contributions
Describe a conversion
Explain the effect of withholding on a conversion
Report a conversion
Define the consequences of an ineligible conversion

2:30 p.m. – 3:45 p.m.     
IRA Excess Contributions
Define an excess contribution
Identify excess contribution correction methods
Calculate NIA to an excess contribution
List the possible taxes and penalty taxes for excess contributions

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 23

Virtual Platform