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IRA Essentials

October 16th, 2013 9:00 AM – 4:00 PM


IRA Essentials gives attendees a solid foundation of IRA knowledge. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence.

This is a beginner’s session; no previous IRA knowledge is assumed. Those attending should bring a hand-held calculator.


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


  • Learn about the Traditional and Roth IRA eligibility requirements
  • Identify the contribution limit and deadline
  • Ensure accurate contribution reporting

IRA Distributions

  • Distinguish the possible taxes on IRA distributions
  • Identify federal and state tax withholding requirements
  • Examine IRS penalties and their exceptions
  • Ensure accurate distribution reporting


  • Identify the differences between a rollover and a transfer
  • Recognize rollovers between IRAs and employer-sponsored retirement plans
  • Ensure accurate rollover reporting


  • Recognize reporting requirements and outline IRA reporting deadlines


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.


Chad Neumann, training consultant for Ascensus, is responsible for conducting IRA training programs to meet the needs of financial institutions nationwide.  Chad is the Project Manager for IRA Supertrain®.  He is responsible for the evaluation, analysis, design, development, and delivery of IRA Supertrain each year. He also participates on numerous project teams including those that propose forms revisions and IRAdirect® changes.

Before joining Ascensus in 2009, Chad worked for CUNA Mutual Group for 8 years as a training consultant. Prior to 2001, Chad gained six years of experience as a trainer and manager as part of the world’s largest independent computer training company.  His responsibilities included training on a wide variety of software applications as well as sales training and operational management for a learning center.

Chad holds a Bachelor of Science Degree in Business Administration from Carroll University.  Heis a member of the American Society for Training and Development (ASTD) and has earned the designation Certified IRA Specialist (CIS) with Ascensus and Certified IRA Professional (CIP) through Ascensus and the National Association of Federal Credit Unions (NAFCU).


8:30 a.m. – Signing in, networking, light breakfast
9 a.m. to 4 p.m. – Training
Lunch is provided.

Tuition Reimbursement – New Asset Ceiling Eligibility!

Maryland and D.C.-based credit unions with up to $150 million in assets may be eligible for up to 75% educational reimbursement from the Credit Union Foundation of MD & DC. For details and an application, visit contact Training Director Diane Pinter, dpinter@mddccua.orgor 443-325-0779.



MD & DC Credit Union Association
8975 Guilford Road
Suite 190
Columbia, MD 21046

Event Info


October 16th, 2013 9:00 AM – 4:00 PM


MD & DC Credit Union Association
8975 Guilford Road
Suite 190
Columbia, MD 21046


Phone: 443-325-0779

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