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Roth IRAs are a mirror image of traditional IRAs. Contributions are not deductible and, if all conditions are met, distributions are not taxable. For U.S. taxpayers who are not eligible to make deductible IRA contributions or younger savers with years to allow the account to grow, the Roth IRA is a great option. This course provides answers to commonly asked questions and gives bank employees the information they need to recommend the Roth IRA option when appropriate.

• who is eligible to open a Roth IRA,
• how to open the account,
• contribution limits and catch-up amounts,
• rollovers and transfers,
• what the term “Roth conversion” means and how it works,
• the taxation of distributions to participants and beneficiaries, and
• IRS regulations for reporting contributions and distributions.

Workshop Resources: This 1 hour and 26 minute 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 answer 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 Wilsonis 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.