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Register Now for Basics and Advanced IRA Seminars
Monday, January 13, 2014 6:35 AM

The Cornerstone Credit Union League is accepting registrations for its popular IRA Basics and Advanced Seminars Feb. 26 and 27 in Houston. Featuring Deborah Crawford, credit union professionals can attend one or both days.

Day one focuses on IRA Basics and is essential for IRA administrators new to IRAs, as well as those looking to gain additional knowledge about IRAs. Among other things, Crawford will cover:

  • Traditional IRA Eligibility and Deductibility Requirements
  • Roth IRA Eligibility and Qualified Distributions Rules
  • SEPs and SIMPLES
  • How to move IRA money: Rollovers and Transfers
  • How to move money from company retirement plans
  • What happens if there is too much money put in an IRA
  • What happens when the customer takes money out at 59 1/2, 70 1/2 and death
  • Do IRAs have penalties? Who collects the penalty?
  • How does the IRS know the money is going in and out of an IRA
  • What paperwork needs to be completed to open and close an IRA
  • Coverdell Education Savings Accounts

Day two, IRA Advanced focuses on compliance, auditing and reporting and covers everything credit union professionals need to know about IRAs, including legislative updates. Highlights will include:

  • Quick product review and update
  • Qualified Retirement Plan rollovers and common errors
  • Conversions, recharacterizations, revocations and reconversions
  • Excess contributions
  • Compliance issues: how to audit your IRAs
  • Reporting to the IRS: A to Z
  • How to correct reporting to the IRS
  • 70 1/2 Distributions, Death Distributions
  • Withholding
  • Common IRA errors and solutions
  • Prohibited transactions
  • Health Savings Accounts

MemberSource CU will host the two-day program. For more information, including registration, please visit the Education section of Cornerstone’s website.

If you have any questions, please contact Training & Events, at (469) 385-6630 or (800) 442-5762, ext. 6630

Educational grants are available through the Cornerstone Credit Union Foundation. To learn more, please visit