IRA Essentials
October 14, 2008
Columbus, OH
9:00 a.m. – 4:00 p.m. Local Time
Tuition: $209
Credit unions under $6 million in assets receive a 50% discount. Credit unions with assets between $6-$20 million receive a 25% discount. Call or e-mail for more information.
NEW ACH PAYMENT OPTION
You can now select ACH Debit on your registration form to pay directly out of your account. CUNA member access is required. Request web access today.
SEMINAR OVERVIEWGain a solid foundation of IRA knowledge. You'll learn how to work with IRA owners and process basic IRA transactions with confidence. This is a beginner's session and no previous IRA knowledge is assumed. Exercises are included throughout the day to help participants apply information to job-related situations. Please bring a hand-held calculator.
Fundamentals
- Understand the importance of retirement savings to your members and your credit union
- Identify the differences between traditional and Roth IRAs
- Know the process for establishing an IRA
Contributions
- Learn about contribution limits and deadlines
- Identify the eligibility requirements for traditional and Roth IRA contributions
Distributions
- Discuss the process for removing funds from traditional and Roth IRAs
- Identify IRS penalties and their exceptions
- Learn when it’s necessary to withhold income taxes
- Discover when owners are required to remove their IRA funds
Transfers and Rollovers
- Identify the differences between a rollover and a direct transfer
- Know what to do when the money comes from a qualified retirement plan instead of an IRA
Tax Reporting
- Review the basic tax reports that IRA owners receive, such as forms 5498 and 1099-R
For more program content information or to request a brochure call 800-356-9655, ext. 4882, or email abollman@cuna.coop. For registration questions, call 800-356-9655, ext.4400 or e-mail reginfo@cuna.coop.
Affiliation with CUNA/League is required for attendance.
LOCATION
QUEST CONFERENCE CENTER8405 Pulsar PlaceColumbus, OH 43240
Phone: (614)540-5540
Fax: (614)540-5541
LODGING DETAILHere is a nearby option for lodging:
BEST WESTERN FRANKLIN PARK SUITES - POLARIS
2045 Polaris Pkwy
Columbus, Ohio, 43240-2000
Phone: 614-396-5100
Toll Free: 866-329-3485
Fax: 614-396-5101
Rate: $99 sgl/dbl
To claim this room rate, call for reservations and reference "CUNA."
INSTRUCTORS
Fred Volkman develops and delivers IRA training to meet the needs of credit unions and leagues for CUNA Mutual Group. Fred is also the project manager for compliance and operational eLearning where he oversees webinars for credit union staff.
FREE PUBLICATIONS
Try one of these publications free when you register for this program!
- Credit Union Magazine (6 months free!)
- Directors Newsletter (6 months free!)
Find out more about these publications
CANCELLATIONS
Cancellations received in writing (via fax 608-231-4327) seven or more days before the start of the program are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted if cancellation is received six days or less before a program begins. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.
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