ALOHA & WELCOME
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IRA Essentials gives attendees a solid foundation of IRA knowledge. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence. This is a beginner’s session; no previous IRA knowledge is assumed. Attendees should bring a hand-held calculator.

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.

AGENDA

​​Day 1: IRA Essentials
Introduction and Establishing IRAs

• Identify the tax differences of a Traditional and
• Roth IRA
• Examine the process for establishing an IRA and the required documents
• Differentiate between the types of beneficiaries

IRA Funding

• Learn about the Traditional and Roth IRA eligibility requirements
• Identify the contribution limit and deadline
• Communicate contribution reporting deadlines

IRA Distributions

• Identify federal income tax withholding requirements
• Examine IRS penalties and penalty exceptions
• Summarize the tax consequences of IRA distributions
• Communicate distribution reporting deadlines

IRA Portability

• Differentiate between a rollover and a transfer
• Recognize rollovers between IRAs and employer- sponsored retirement plans

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Day 2: Advanced IRAs
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

Required Minimum Distributions

• Calculate a required minimum distribution (RMD)
• Discuss the RMD rules and reporting requirements

Beneficiary Options

• Describe beneficiary distribution options
• Recognize the differences for spouse, non-spouse, and nonperson beneficiaries
• Explain beneficiary payment deadlines

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

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

IRA Owner Tax Forms and You

• Determine which tax forms an IRA owner must complete when certain IRA activity occurs
• Understand which IRS penalty taxes may apply to IRA owners

REGISTRATION
Registration deadline:  September 18, 2023

​IRA Essentials & Advanced IRAs Seminar (Two days – October 3-4 2023)
Registration fee for two days: $590 per person
Day 1: IRA Essentials Only: $305 per person
 Day 2: Advanced IRAs Only: $305 per person

This seminar will be presented on the Zoom Meeting platform and requires each attendee to have a computer with video, audio (speakers and microphone), and internet access.  An email will be sent to all registered attendees three days prior with links to download or print the workshop material.  By registering for this seminar, you are consenting to be recorded and agree to the Hawaii Credit Union League’s code of conduct.

To register and pay online, click the "Register Online" button below.
To register and pay by check, click the "Print Registration Form" button below and
mail to ​Hawaii Credit Union League; 1654 South King Street; Honolulu, HI  96826-2097.

Register Online

Print Registration Form

​Cancellation and Refund Policy
No refunds will be made or registration forms accepted after deadline.  Cancellation and refund requests must be made in writing and emailed to wendy.kishida@hcul.org.  Hawaii Credit Union League reserves the right to cancel this seminar in the event of insufficient participation or for extraordinary reasons outside of its control, with advance notice to all registrants. Hawaii Credit Union League also reserves the right to change the site, instructor, or schedule of this program due to unforeseen circumstances, with as much advance notice possible.

SPEAKERS

Speakers will be determined closer to the event date.  Ascensus have some of the industry’s top ERISA-trained consultants and thought leaders who specialize in employer-sponsored retirement plans, IRAs, HSAs, college savings.