Financial organizations that serve as an IRA trustee or custodian are tasked with many responsibilities to maintain compliance. One of those responsibilities, which can carry hefty penalties if an organization is found to be noncompliant by the IRS, involves federal tax withholding requirements on IRA distributions.
Read MoreIf your financial organization offers inherited IRAs (sometimes called “beneficiary IRAs”), you probably understand how complex the payout rules have become for these types of IRAs in recent years.
Read MoreToday’s consumers want easy access to their accounts and when it’s convenient for them.
We get it. And we have the perfect solution to help your clients gain more independence over their IRAs. It will also help lighten the load for you and your staff.
Read MoreThere’s nothing like health savings accounts (HSAs) on the market today. Your clients can use HSAs to save money for current and future healthcare costs and as a long-term investment vehicle in their overall retirement savings strategy.
Read MoreThe 2022 tax season is over for most of us, but your work for this tax year may not be done. Inevitably, a client will walk into your branch carrying her 2022 Form 5498, IRA Contribution Information, to point out an error. So, what do you do?
Read MoreWe offer training to meet your needs, whether that means in-person training, self-paced online courses, or virtual training, which is a hybrid learning model. Whatever learning method works best, Ascensus has options for you.
Read MoreQuality consumer education is one of the most effective marketing tools that you can deploy as part of your business strategy.
Read MoreThe passage of both the SECURE Act of 2019 and the SECURE Act of 2022 have brought unprecedented changes in the retirement industry. Your clients have questions—we all do. But are you confident that you have the correct answers or even know where to find them?
Read MoreWithholding is a key area of IRA compliance and the penalties associated with failing to timely provide withholding notices to clients are costly. For example, the penalty for failing to timely provide a withholding notice is $100 per failure up to a maximum annual amount of $50,000. Ouch.
Read MoreAs we prepare for Ascend 2023, let’s look back at what we learned at Ascend last year from you.
Read MoreIf traveling isn’t an option for your organization, you and your team can still benefit from face-to-face training with Ascensus’ experienced and knowledgeable instructors and engaging curriculum.
Let us come to you.
Read MoreWith the New Year fast approaching, your clients will have more questions about their IRAs, retirement plans, and education and health savings accounts. Are you prepared?
Read MoreTax reporting season is around the corner, and now is the time when many financial organizations audit their year-end IRA reporting data to catch and correct errors before tax documents are printed and mailed out.
Read MoreNavigating the post-SECURE retirement landscape may seem perplexing to many small business owners and self-employed individuals. That’s where Ascensus can help you help them get back to managing a successful business.
Read MoreFall is a perfect time to bring in new HSA clients. Open enrollment begins soon, so why not remind your business clients that you administer HSAs? It may be the motivation that they need to start offering HSAs to their employees.
Read MoreHealth savings accounts (HSAs) pack a powerful punch when it comes to saving money for current and future healthcare costs—and they’re a great way to boost overall retirement savings. You may have noticed more clients interested in opening new accounts.
Read MoreAlthough the 2021 tax season is behind us, your work for this tax year may not be done. Inevitably, you will end up with an IRA client walking into your branch carrying his 2021 Form 5498, IRA Contribution Information, to point out an error. So, what do you do?
Read MoreWe recently surveyed our clients to find out what types of training events they would prefer in 2022: 56 percent of respondents reported that they want on-site or in-person training while 43 percent prefer virtual or online training. Whether you prefer learning in person, virtually or online, we’ve got options for you.
Read MoreProviding consumer education content is one of the most effective marketing strategies that a financial organization can deploy. Creating quality educational materials that also promote your product offerings allows you to engage your clients, providing another connection to build trust and strengthen relationships.
Read MoreMaking sense of new guidance is no easy feat. For example, the proposed RMD regulations, released by the IRS in late February, is a hefty 275-page document. Who has the time to read and analyze this?
We do.
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