Start Date: 4/6/2027 9:00 AM EDT
End Date: 4/7/2027 5:00 PM EDT
Venue Name: The Four Points
Location:
Charleston, WV United States 25301
Organization Name:
WVBankers
Contact:
Price:
$625/member or $925/non-member
10% discount on 3+ registrations
IRA Basics
This course is designed as a “very basic” IRA seminar as it is designed to build a 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 people new to IRAs 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 thru 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, we 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
Death Distributions
Roth Distributions
Legislative Update
Who Should Attend: You should attend this seminar if you need to learn the basics of Traditional and Roth IRAs or want an updated, general refresher on IRA rules.
Hotel Information: If you require an overnight room, you are responsible for making your own reservation. Discounted room rates will be available soon. Room temperatures vary, please bring a light jacket or sweater for comfort. Business Casual dress is appropriate.
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Instructor: Matthew Dickinson has over 19 years in banking and retirement and has held many titles within his career. Matt has worked for companies such as Ascensus, Merrill Lynch, Wells Fargo, and Frandsen Bank and Trust. On a day-to-day basis, Matt helps financial institutions gain and maintain their knowledge base to manage their IRA portfolio. He works at a fast pace and can win clients and prospects over by how he operates—focusing on the consequences of not moving from the status quo. Matt wants to create a lifelong relationship with his customers and welcomes all questions and inquiries throughout the program.
Timing of your registration is critical. Seminars may be canceled if there are not sufficient registrations or may fill up; therefore, it is recommended that you register at least 10 days in advance.
Cancelation Policies:
- Full refund if canceled 14 days or more ahead of seminar.
- $75 cancelation fee if canceled within 6-13 days ahead of seminar.
- No refund if canceled on or after 7 days ahead of seminar or for no-shows.
- Substitutions are welcome.
