Basic and Advanced IRA–Fall Session

Loni Porta of Convergent Retirement Plan Solutions, LLC, will cover the basic and advanced aspects as an IRA custodian.

Day 1, Basic:
Join us for the IRA Basics course for a full-circle overview of IRAs and the associated rules. This course is perfect for those new to IRAs, and a helpful refresher and update for those needing to “unlearn” some old rules because of the many recent changes. During day one, we’ll provide you with a solid foundation of the basic IRA rules, both old (if still applicable) and new. We’ll also give a high-level summary of the rules surrounding Health Savings Accounts (HSAs) and Coverdell Education Savings Accounts (ESAs).

Day 2, Advanced:
In anticipation of the final RMD regulations, during day two, we’ll get into the nitty gritty of the new distribution regulations, exploring—in depth—how these new rules affect both IRA owners and IRA beneficiaries. After thoroughly dissecting the new rules and their impact on IRA owners and beneficiaries, we’ll discuss concrete steps your financial organization can take to help ensure ongoing compliance, while also providing top-notch customer service.

Note for all IRA training: Each single day of IRA training can be attended independently of the other, but for the most comprehensive learning experience, attending both sessions back to back is recommended. Each attendee will receive the 250-page IRA Training and Reference manual–also known as the “RED BOOK!”

The virtual session is one day only. There is no day-of registration for the virtual sessions.

Who Should Attend

Everyone even remotely involved in IRAs at your financial institution including: new account representatives, certificate of deposit personnel, savings counselors, account holder service representatives, investment and trust personnel who need this update and are involved in the opening, selling, marketing, or administration of IRAs. Any officer/manager who oversees the IRA department and may be responsible for answering IRA account holders questions or concerns but does not actually open IRA accounts. Experienced IRA personnel who like a slower pace workshop to cover all the new changes in a comprehensive manner.

Continuing Education Credit
In-person attendees qualify for 6.5 each day of Continuing Professional Education (CPE) credit in the area of Specialized Knowledge and MUST be sure to sign in and out on the CPE attendance tracking sheet in order to receive credit.

Virtual attendees qualify for 6.5 each day of Continuing Professional Education (CPE) credit in the area of Specialized Knowledge and MUST completely fill out return the CPE tracking sheet with all code words given during the event in order to receive credit.

In accordance with the standards of the National Registry of Continuing Professional Education (CPE) Sponsors, CPE credits have been granted based on a 50-minute hour.

Tennessee Bankers Association 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 addressed to the National Registry of CPE Sponsors (150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417). Visit their website at www.nasba.org.

For additional continuing education information, administrative policies or complaints, call the TBA education department at 615-244-4871 or 800-964-5525.