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IRA Refresher-Quiz 1

Total questions: 19

Worksheet time: 10mins

Name
Class
Date
1.

Member already has an IRA account established and requests to put $5,000.00 into a new 12-month CD under the same main share.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

2.

Member mentions that they currently have an IRA or other retirement plan at an outside financial that they would like to move to Centris.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

3.

Our member can't seem to locate their IRA tax-forms. They come into your branch to request a new copies be provided.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

4.

Our member has sadly passed away. Their spouse stops by your branch to notify Centris and requests payout of funds from the decedents IRA.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

5.

Member would like to update their beneficiary designations on their IRA account.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

6.

Member receives their end of year IRA tax forms and notices that they contributed more than the allowed amount. They are requesting this be corrected to prevent being penalized by the IRS.

Who can help?

a)

IRA Trained Srs

b)

Branch Specialists

c)

Tax Advisor

7.

Member stops into the branch to ask how much they are required to take for their annual RMD payment.

Who can help?

a)

IRA Trained Srs

b)

Branch Specialists

c)

Tax Advisor

8.

You notice a member has an inherited IRA account established and they are requesting to have funds taken out as the beneficiary.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

9.

Member requests to have $1,000.00 from their Centris checking account transferred to their established IRA savings.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

10.

Member is wanting to verify who they currently have listed as a beneficiary on their IRA account.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

11.

Member understands the difference between the Traditional and Roth IRA savings options we provide, however, they are unsure which they should open.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

12.

Member asks for guidance on how much they should withhold for Federal and State taxes when completing an IRA withdrawal.

Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

13.

Member wants to establish a brand new IRA but is not sure if they are eligible. Who can help?

a)

IRA Trained SRs

b)

Branch Specialists

c)

Tax Advisor

14.

Which of the following statements are true regarding IRA Transactions?

Select all that apply.

a)

Centris can withhold state taxes from a IRA withdrawal if member lives outside of NE or IA

b)

Partial withdrawals are always allowed to be taken from a pre-mature IRA certificate penalty-free

c)

Individuals, Trusts, Charities and/or other Entities can be listed as Beneficiary/POD on an IRA

d)

Annual contribution limits for Trad. & Roth IRAs are $6,000 or $7,000 if you are age 50 or older

15.

Additional Federal and State taxes cannot be withheld on a Roth IRA since funds are already post-taxed.

a)

True

b)

False

16.

A Branch Specialist request must be submitted to unlock Managers/SRs from IRAdirect.

a)

True

b)

False

17.

You have a member in office (or on the phone) and need to ask a Branch Specialist a quick question.

What is the best methods for contact?

a)

Individual message or call to one of the Branch Specialists who appear readily 'available'

b)

Branch Specialists group email, teams, or phone extension

c)

Blind member transfer

d)

Submit an opportunity in Keystone

18.

What type of IRA accounts does Centris currently offer?

Select all that apply.

a)

Inherited IRAs

b)

Traditional IRAs

c)

Roth IRAs

d)

SEP IRAs

19.

Which product(s) are NOT offered on an IRA account at Centris?

Select all that apply.

a)

Regular/Jumbo Certificates

b)

Checking

c)

Savings

d)

Certificate & Savings Bundle

e)

Jump-Up Certificates