IRA Training
Basic IRA Training – Thursday, February 4, 2021
Advanced IRA Training – Thursday, February 11, 2021
Registration for each class is $325 for CBAO members and $485 for non-members.
VIRTUAL CLASS
BASIC IRA TRAINING
THURSDAY, FEBRUARY 4, 2021
$325
The Basic IRA Training program covers topics that individuals who work with IRAs deal with frequently. Attending this course is an excellent starting point for anyone who has little or no experience working with IRAs as it provides an introduction to the rules and regulations applicable to these accounts. Incorporated into the program are real-world scenarios which include comprehensive examples accompanied by Documentation Exercises allowing attendees to get a feel for many of the forms associated with completing IRA transactions.
TOPICS INCLUDE
Overview and Establishment, Regular Contributions, Distribution Basics, IRA-to-IRA Rollovers and Transfers, Required Minimum Distribution Basics, and Beneficiary Option Basics. Additional topics include IRS Forms 5498 and 1099-R reporting, financial organization responsibilities, with an emphasis on day-to-day operational procedures, and recent statutory and/or regulatory related events.
ADVANCED IRA TRAINING
THURSDAY, FEBRUARY 11, 2021
$325
The Advanced IRA Training program covers topics that individuals who work with IRAs deal with somewhat less frequently than the topics covered in the basic training. While there will, by necessity, be some overlap in the training due to the fact that not everyone who attends the advanced training will have attended week one, we will look deeper into any topics covered in the basic class, including a more detailed look at the “why” aspect of certain rules.
TOPICS INCLUDE
Required Distribution Administration, Death Distributions and IRA Administration, Rollovers, Transfers, and Conversions, Employer Plan Rollovers, Distributions, Recharacterization and Returned Contributions, and Health Savings Accounts.
Facilitator:
Robert D. Skomars, Senior Specialized Consultant, Tax Advantaged Accounts
A veteran of the financial services industry with more than 36 years of experience, Bob has worked closely with hundreds of financial organizations to help them create, implement, and maintain their tax-advantaged accounts program(s).
Topics:
• Traditional and Roth individual retirement accounts (IRAs)
• Simplified Employee Pensions (SEPs)
• Savings Incentive Match Plans for Employees of Small Employers (SIMPLEs) and SIMPLE IRAs
• Health Savings Accounts (HSAs)
• Coverdell Education Savings Accounts (CESAs)
• Qualified Retirement Plans (QRPs)
Experience:
• Nineteen years of experience with Wolters Kluwer as a Senior Specialized Consultant, Tax Advantaged Accounts
• Has developed numerous internet-based training programs
• Answers technical consulting calls on tax-advantaged accounts topics
• Has presented over 1,600 IRA, HSA, CESA, and QRP training programs for financial organizations in all 50 states and the District of Columbia
Appearances:
- Speaker at state banking association conferences, including those hosted by the Independent Community Bankers of America
Education
- Bachelor of Science degree in Business Management, St. Cloud State University, St. Cloud, MN
If you are having issues with registering online, please contact CBAO's Education, Training and Special Events Coordinator, Patti Webb, (614) 610-1877.