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IRAs don’t have to be difficult or scary. This is the third in a series of five IRA programs designed to provide bank employees with the basics. Each program is approximately 45 minutes in length. Keeping it short has several advantages. Brevity promotes better retention and comprehension. Plus the training is easily incorporated into the workday. A detailed manual accompanies each program. Those participating are also encouraged to follow along using their Bank’s IRA forms.

IRA money is intended to be saved for retirement. When funds are withdrawn early, penalties apply. If funds are not withdrawn beginning at age 70 ½, penalties apply. IRS regulations regarding distributions from traditional IRAs are complex. Calculating an IRA owner’s required minimum distribution and reporting all distributions to the IRS and the customer are major responsibilities for the financial institution when administering traditional IRAs.

>This program teaches:

Workshop Resources: This presentation includes audio, video and a power point slide show. A detailed manual is available for download. It is suggested a copy be made for each person participating in the program. For questions after the program a question and answer forum is provided as a part of the course. All questions are answered by the speaker and available to anyone purchasing the program.

Expected Audience: This course is designed for financial institution personnel who are new to IRAs or need a refresher.

Speaker: Laura Wilson is a principal with Pegasus Educational Services, LLC. She is a gifted trainer who proves learning can be fun. Audiences routinely comment that her recollection of material content and sense of humor are unique among presenters on technical topics. At one time she served as the regulatory compliance trainer for a $3 billion savings bank. Later, she was a senior consultant and full-time trainer for a regional consulting firm for financial institutions.

She has served on the faculty of the OTS’ Level I Compliance School and the FDIC’s Bank Operations and Compliance School for examiners. In addition to presenting seminars for seventeen state banking associations, she has been an instructor at compliance schools sponsored by the Iowa, Kentucky, Texas, and Pennsylvania bankers associations.

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