IRA BASICS SEMINAR

Tuesday, April 28 - Cape Girardeau

Wednesday, April 29 - Columbia

Thursday, April 30 - Springfield

4 Ways to Register 

Online Registration
Online 
Cape Girardeau
Columbia
Springfield
  Phone
Phone 573-636-8151
  Fax Registration
Fax 573-634-2754
  Mail Registrations
Mail to:
MBA 
PO Box 57
Jefferson City, MO
65102
Print seminar brochure.

Seminar Overview

This “very basic” IRA course is designed to build a great solid IRA foundation. The seminar will start with the differences between a traditional and a Roth IRA and then discuss how to set up a new IRA and the eligibility rules to contribute to an IRA. The biggest topic for new people to discuss is the moving of money from one financial institution to another. This involves IRA transfers and rollovers, plus the direct rollovers from a qualified plan. Discussion will go through the 13 exceptions to taking money out of an IRA before age 59.5 to avoid the penalty tax and how RMD is calculated in a traditional IRA. There will be an introduction into death distributions. Finally, faculty will cover how to take money out of a Roth IRA.

Course Highlights

Introduction to IRAs

  • explain the benefits of an IRA
  • identify the tax differences of a traditional and Roth IRA

Establishing an IRA

  • examine the process for establishing an IRA and the required documents
  • differentiate between the types of beneficiaries

Funding

  • learn about the traditional and Roth IRA eligibility requirements
  • identify the contribution limit and deadline

IRA Distributions

  • distinguish the possible taxes on IRA distributions
  • identify federal and state tax withholding requirements
  • examine IRS penalties and their exceptions

Portability

  • identify the differences between a rollover and a transfer
  • recognize rollovers between IRAs and employer-sponsored retirement plans
Required Minimum Distribution
  • traditional
  • Roth

Death Distributions

Roth Distribution

  • qualified
  • nonqualified

About the Instructor

Michael O’Brien has been a key player in the retirement services industry for more than 35 years. Throughout this time frame, O’Brien has served as Ascensus senior vice president of integrated retirement and vice president of retirement products and solutions, as well as a senior consultant with Universal Pensions Inc. O’Brien has been a popular speaker and respected expert, often featured as a keynote at national conferences and guest speaker at regional meetings.

Who Should Attend

You should attend this seminar if you:

  • need to learn the basics of traditional and Roth IRAs
  • want an updated, general refresher on IRA rules

Notes

Please bring a copy of your vendors' traditional IRA forms. These will be a very valuable part of the seminar.

The program is designed to help staff to use the right form and how to complete it because some forms are difficult to understand.

Possible Forms

  • plan agreement
  • contribution form
  • distribution form
  • transfer request
  • direct rollover request
  • 70.5 election form
  • waiver form
  • beneficiary plan agreement
  • beneficiary election form
  • beneficiary contribution
  • beneficiary distribution

For More Information

Contact the MBA Education Department at 573-636-8151 or email.

Dates and Location

Tuesday, April 28 - Cape Girardeau
Drury Plaza Hotel & Convention Center
3351 Percy Drive
573-334-7151

Wednesday, April 29 - Columbia
Courtyard by Marriott 
3301 Lemone Industrial Blvd.
573-443-8000

Thursday, April 30 - Springfield
Double Tree by Hilton
2431 N. Glenstone Ave.
417-831-3131

Schedule

8 a.m. Registration 
8:30 a.m.  Seminar Begins 
Noon  Lunch 
12:45 p.m.  Seminar Resumes 
3:30 p.m.  Adjournment 

Registration Fees

  • MBA Members - $265
  • Each Additional Member - $240
  • Nonmember Fee - $505
  • Each Additional Nonmember - $485

The cost of meals included in the registration fee for this meeting is $22. This information is provided for your bank’s tax records, in keeping with the IRS 50%t deductible provisions under Section 274(n) of the Internal Revenue Code.

Cancellation/Refunds

Full refunds will be granted for cancellations received by MBA at least 10 days before the seminar date. After that date, an administrative fee of $10 per canceled registration will be retained. Cancellations will not be accepted four days before the seminar. Substitutions are always permitted.

Disabilities

If you have any disabilities that require special assistance, contact Cindy Foltz at MBA at 573-636-8151 and explain how we may best accommodate your needs.