2014 IRA Supertrain. Cruise the IRA Seas. August 4 7 Denver, CO. June New Orleans, LA. September 8 11 Las Vegas, NV

Transcription

1 2014 IRA Supertrain Cruise the IRA Seas June New Orleans, LA August 4 7 Denver, CO September 8 11 Las Vegas, NV

2 Come Aboard! We re Expecting You at IRA Supertrain in 2014 The IRA department in your credit union has a special role bringing members in and creating relationships that are important to the growth of your organization. At the same time, IRAs generate risk to the credit union because of the compliance requirements and ever-changing rules and regulations. Each year IRA professionals attend IRA Supertrain and gain the valuable skills needed to assist IRA owners through the challenges of IRA ownership. Join us as we embark on the SS IRA Supertrain and cruise to three exciting ports in IRA Supertrain delivers something for everyone set your course for learning adventure. Join us for 3 days of IRA training designed to teach you the complexities of IRAs. After completing IRA Supertrain, you ll be better equipped to handle your members IRAs. Our Cruise Director is working hard to bring together an excellent training opportunity at a reasonable price. Join us in New Orleans at the Renaissance Pere Marquette beginning June 16; in Denver at the Embassy Suites beginning August 4; or in Las Vegas at the Bellagio Hotel beginning September 8. IRA Supertrain kicks off with the optional HSA preconference workshop on Monday. Monday evening join us for a welcome reception to meet the training team and fellow participants. Tuesday through Thursday brings superior training led by our trainers who have years of experience teaching basic to advanced IRA topics. IRA Supertrain is more than just a training seminar; it s a way to network with other IRA professionals and discuss the operations of your IRA programs. We look forward to seeing you on deck this summer! page 2

3 Associate Track The Associate Track provides a strong knowledge base of IRA fundamentals. Increase your confidence when answering your members IRA questions. Intended audience The Associate Track is for those who are new to IRAs, back-up the IRA specialist at your credit union, or want an IRA basics refresher. Core modules IRA Fundamentals Benefits of an IRA IRA Eligibility Opening an IRA IRA Contributions Contribution Limits and Deadlines Prior-Year Contributions Rollover Contributions Transfer Contributions Retirement Plan Rollovers IRA Distributions Withholding Early Distribution Penalty Tax RMD Overview page 3

4 Expert Track With a heavy focus on IRA compliance, this track provides all the tools you need to handle complex IRA questions. The Expert Track covers advanced IRA topics, relevant regulatory information, and operational responsibilities for your credit union. Intended audience The Expert Track is for those with a solid IRA knowledge base. Choose this track if you want to expand your skills or get up-to-speed on regulatory information that applies to your credit union. Core modules RMDs How to Calculate Defining Life Expectancy RMD Setup RMD Changes Death Claim Overview Processing the Claim Beneficiary Options IRA Distributions and Portability Withholding Transfers and Rollovers Conversions Correcting Excess Contributions Methods to Correct an Excess Contribution Correction Deadline Processing the Transaction Income Attributable Calculation Defining the Computation Period page 4

5 Leadership Track The Leadership Track helps you optimize your program operations, enhance staff development and grow your credit union s IRA program. This track focuses on the credit union s compliance with IRS regulations as well as best practice operational procedures. You will walk away with tools and information you can implement immediately at your credit union. Intended audience The Leadership Track is for those who supervise or make business decisions regarding their credit union IRA program. Core modules RMDs How to Calculate Defining Life Expectancy RMD Setup RMD Changes Death Claim Overview Processing the Claim Beneficiary Options IRA Account Transactions Establishing IRAs Processing Contributions Handling IRA Account Information Processing Withdrawals Credit Union Liabilities IRA Operational Processes Developing Operational Processes Training IRA Staff page 5

6 Optional Preconference Workshop Monday 1:00 5:00 p.m. HSA Workshop Health savings accounts (HSAs) continue to gain in popularity. This course provides a great overview on the need-to-know information to support your members. Our expert training staff will provide you with a systematic understanding of the entire HSA process. You will leave this session with the tools needed to handle your members HSAs. Elective Sessions Choose the electives that interest you. For more details on the following electives, visit Wednesday 1:15 2:30 p.m. Scheduled Payments Before the RMD (E, L) Perhaps you are familiar with handling RMD payments and you know all about the life expectancy tables. But what happens when an IRA owner decides he wants to start taking scheduled payments before he reaches age 70½? This session will look at how scheduled payments work before age 70½, including 72(t) payments and optional scheduled payments. This session also will discuss when an IRA owner is required to take an RMD. Simplified Employee Pension (SEP) Plans (E,L) Although SEP plans are easy to administer and relatively inexpensive to establish and maintain, many small businesses are unaware that they even exist. Offering to administer SEP plans can be a great way to establish relationships with small businesses. Learn how a SEP plan can help members (or your credit union) avoid the extensive recordkeeping and reporting requirements that often make traditional retirement plans too expensive for small businesses. page 6

7 Wednesday 1:15 2:30 p.m. RMD Advanced Issues for Fully-Administered Credit Unions (E, L) For most credit unions, processing RMDs is a monthly task. Most RMDs are straightforward and do not require a lot of time. This session focuses on advanced RMD issues and how to use the Ascensus tools for processing RMDs. And also learn how to establish payments in IRAdirect, make changes, and verify that the tax reporting is completed properly. Wednesday 2:45 4:00 p.m. Death Claim Special Issues (E, L) IRA regulations can be complicated, especially when it comes to handling IRA transactions after an IRA owner s death. This course outlines specific issues that may arise when processing a death claim and how it affects beneficiaries. IRA Compliance Special Issues (E, L) After you feel comfortable with basic IRA transactions, including contributions, distributions, and death claims, attend this session for information on a variety of IRA topics, such as distributions to creditors, IRA tax credits, incentives to IRA owners, and military rollovers. You won t want to miss this fast-paced session. Thursday 1:15 2:30 p.m. Basic Tax Reporting for Fully-Administered Credit Unions (A, E, L) This session provides a basic overview of tax reporting. Main topics include: how to submit tax reporting information to Ascensus, when tax statements are produced, how to make tax statement corrections, and how to read the tax reporting information reports. Advanced Tax Reporting for Fully-Administered Credit Unions (A, E, L) This session examines other parts of tax reporting that create questions at the credit union includes: address changes, making changes before the deadline, two-part corrections, IRS-only statements, and duplicates. We also will review error reports, discuss how to read those reports, and explain how to resolve those errors. Tax Reporting for Self-Administered Credit Unions (A, E, L) This session provides you with a basic overview of tax reporting. Main areas of focus include: the three types of reporting, the credit union s responsibilities for preparing tax information, and reporting to IRA owners and the IRS. page 7

8 Thursday 2:45 4:00 p.m. IRA Owner Tax Forms and You (A, E, L) Each year IRA owners are required to file IRS Form 1040 to complete their tax return. Even though Form 1040 is not a form you consult on, certain IRA transactions affect their tax return. This session includes a discussion on what forms members are required to file regarding certain IRA transactions according to IRS rules and regulations. Correcting Tax Forms (A, E, L) Mistakes happen. This session addresses how to correct tax forms, including Forms 5498 and 1099-R. We cover how to make those corrections and submit to the IRS, IRA owner, and possibly the state department of revenue. Deadlines, and all associated paperwork, also are discussed. page 8

9 Certified IRA Specialist Program Earning the designation of Certified IRA Specialist (CIS) is a formal recognition of your IRA expertise. To learn how you can become certified, visit and click on the IRA Specialist Certification. Choose from three levels of certification. Associate Certification This certification shows proficiency in basic IRA transactions. After obtaining this certification, you will be able to complete all essential IRA transactions and successfully help members with their basic IRA needs. Topics that you will be tested on include opening IRAs, contribution rules and deadlines, Traditional and Roth IRAs, distribution rules, federal tax withholding, and basic IRA tax reporting. Expert Certification This certification shows expertise in a broad range of IRA transactions. After obtaining this certification, you will be able to complete a variety of advanced IRA transactions, including excess contribution corrections, recharacterizations, rollovers and transfers, RMDs, and conversions. You also will have a clear understanding of death claim processes and withholding. Leadership Certification This certification shows expertise in a broad range of IRA transactions and competence at leading an IRA program. Topics to be tested on include credit union liabilities, staff development, RMDs, death benefits, and withholding. page 9

10 Ports of Call If you would like to stay at our training site, you will receive a link to the hotel with your registration confirmation or you can call the numbers listed below. IRA Supertrain 2014 begins on Monday afternoon with the optional HSA preconference workshop followed by a welcome reception and registration. IRA Supertrain sessions run Tuesday and Wednesday from 8:00 a.m. to 4:00 p.m. and Thursday from 8:00 a.m. to 5:00 p.m. Hotel expenses, airfare, and meals other than those listed herein are the responsibility of each participant. When registering for your hotel accommodations, identify yourself as an IRA Supertrain participant to receive the negotiated room rates. This year s workshops may fill quickly, so be sure to register for your workshop before making hotel and airline reservations. 6-1 Denver, CO supertrain A u g ust 4-7, June 16-19, 2014 Renaissance Pere Marquette 817 Common Street, New Orleans, LA (504) Cabin rate: $139 single/double August 4-7, 2014 Embassy Suites Denver Downtown Convention Center 1420 Stout Street, Denver, CO (303) Cabin rate: $199 single/ $214 double Las Vegas, NV Septe m b er 8-11, 2014 supertrain September 8-11, 2014 Bellagio Las Vegas 3600 S Las Vegas Blvd, Las Vegas, NV (702) Cabin rate: $169 single/double (includes resort fee $25 value) page 10

11 Registration Fees The full IRA Supertrain registration fee includes continental breakfast, refreshment breaks, and lunch Tuesday through Thursday. Takeaways include a manual, complete with training exercises and helpful job aids. Registrations received without payment WILL NOT be processed and are considered incomplete until the full payment is received. Registration Confirmation All paid registrations will be confirmed by . It is important to indicate the proper address on your registration. Please call Ascensus at if you do not receive a confirmation . Pricing Early Bird Rate (December 1 February 28, 2014) First attendee:...$1,250 Additional attendees:...$1,045 each Regular Rate (March 1 September 9, 2014) First attendee:...$1,350 Additional attendees:...$1,095 each Certification Exam:...$275 Monday HSA Pre-Conference Workshop (optional):...$250 Fast Track (IRA University + IRA Supertrain Expert Track + Certification Exams):...$2,445 Cancellation and refund policy You may cancel your registration in writing 14 days prior to the program date for a full refund. After that time, cancellations are subject to a 25 percent service charge of registration fees paid. No refund will be granted if you cancel seven days or less before the program begins, unless your reservation can be filled from a waiting list; then, only the 25 percent fee would apply. Substitutions are accepted at any time. The IRA Supertrain workshops are not intended as tax or legal advice. Attendance is limited to credit union and credit union league employees. page 11

12 Cruise Itinerary Monday June 16, August 4, September 8 1:00 p.m. 5:00 p.m. HSA Workshop 5:00 p.m. 6:00 p.m. Welcome Reception Tuesday June 17, August 5, September 9 7:30 a.m. 8:00 a.m. Continental Breakfast* 8:00 a.m. 8:20 a.m. Opening Remarks 8:30 a.m. 12:15 p.m. Core Track (Associate, Expert, Leadership) 12:15 p.m. 1:15 p.m. Lunch 1:15 p.m. 4:00 p.m. Core Track (Associate, Expert, Leadership) Wednesday June 18, August 6, September 10 7:30 a.m. 8:00 a.m. Continental Breakfast* 8:00 a.m. 12:15 p.m. Core Track (Associate, Expert, Leadership) 12:15 p.m. 1:15 p.m. Lunch 1:15 p.m. 2:30 p.m. Elective Sessions 2:45 p.m. 4:00 p.m. Core Track (Associate only) 2:45 p.m. 4:00 p.m. Elective Sessions (Expert & Leadership only) Thursday June 19, August 7, September 11 7:30 a.m. 8:00 a.m. Continental Breakfast* 8:00 a.m. 12:15 p.m. Core Track (Associate, Expert, Leadership) 12:15 p.m. 1:15 p.m. Lunch 1:15 p.m. 2:30 p.m. Elective Sessions 2:45 p.m. 4:00 p.m. Elective Sessions 4:00 p.m. 5:00 p.m. Closing Celebration * Denver participants will have breakfast supplied by the Embassy Suites page 12

13 Register today and join us! New Orleans, LA supertrain J u n e 16-19, Denver, CO supertrain A u g ust 4-7, Las Vegas, NV Septe m b er 8-11, 2014 supertrain Ascensus and the Ascensus logo are registered trademarks of Ascensus, Inc. IRA Supertrain is a registered trademark of Ascensus, Inc. Copyright 2013 Ascensus, Inc. All rights reserved.