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2021 Retirement Training Options

December 31, 2020

Questions about retirement and the tax advantages? Explore training options that help you gain understanding and confidence when supporting questions. (All materials from Ascensus – the national leader in retirement training updated January 2021). All options are online to promote safe distance learning and flexibility. Click course names below for descriptions and pricing. 2021 Legislative – Regulatory Update Retirement Planning and Saving Ways to Build Wealth Roth IRA Overview Traditional IRA Overview IRA Fundamentals IRA

How Technology Impacts Trust

December 18, 2020

How Technology Impacts Trust Working remotely is a fact of life. Even before COVID, it was on the rise and when the pandemic is over, there will be fewer people returning to a central workplace full-time. The genie is out of the bottle, as far as that goes. But there is a paradox at the heart of remote work that some people haven’t been able to deal with. Both these things are true: Remote work requires slightly more trust than

Year End Reflections

December 16, 2020

During this challenging year, we have been trying to focus on the positive stories! At CFTEA we have had so many new doors open to us in ways we hadn’t previously imagined. This year, due to the COVID-19 pandemic, we held our first ever Zoom Virtual Student Banquet and Leaders Conference. Also a positive note for both students and instructors was the launch of our LMS, CFTEA Workplace which goes hand in hand with the easy to

IRS Notice Addresses 401(k)/403(b) Safe Harbor SECURE ACT Provisions

December 11, 2020

The IRS has issued Notice 2020-86, providing guidance for implementing provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. Specifically, the SECURE Act provisions addressed deal with features and procedures of 401(k) and 403(b) plans that incorporate safe harbor designs for satisfying nondiscrimination testing requirements, and automatic enrollment and automatically increased deferral rates. In general, provisions of the SECURE Act increased from 10 percent to 15 percent the maximum automatically-increased elective deferral rate for automatic-enrollment safe

Spotlight On Success: Audra Ingersoll

December 4, 2020

Spotlight On Success Audra Ingersoll Skowhegan Savings This is what Audra had to say about her CFTEA experience “I wanted to further my career to the bank, and becoming Certified seemed like a great place to start; learning the fundamentals of banking regarding customer service, the legal aspects, the future of banking and the types of fraud out there are all things I need to know to make my job easier and better to serve my customers. Between what

Washington Pulse: IRS Issues Final Life Expectancy Regulations

December 3, 2020

By ERISA NEWS On November 12, 2020, the IRS published final regulations updating life expectancy tables that are used for required minimum distributions (RMDs) and for other purposes. These new tables reflect an increase in life expectancies since the last tables were issued nearly 20 years ago. Although the updated tables do not apply until distribution years beginning in 2022, financial professionals should learn how the new life expectancy figures may affect their clients and should assess how their administrative systems will

Announcing Spring 2021 Catalog

December 2, 2020

New Course Options! Updated Career Paths! New Self Paced Certified Modern Banking Representative! Our latest offerings to support your professional development have arrived. Digital or print, explore our latest catalog for the options that are relevant to the challenges in today’s workforce and choose courses that fit your busy schedule.

Thank you from the bottom of our hearts!

December 2, 2020

It warms our hearts to know you are part of the CFTEA family. Our team is grateful to be able to work with an engaging partner such as yourself in bringing meaningful education to the workforce! This has been quite the year, to say the least. As an educational non-profit, we certainly wouldn’t have gotten through it without you and all your support. We love that we get to personally help you sort through choices and find peace of mind

Learn about our Mission and You!

November 25, 2020

Learn about Our Mission and You The Center for Financial Training and Education Alliance (CFTEA) strives to empower students to achieve their goals, support organizations to realize success and strengthen communities to create positive change by delivering specialized, relevant and affordable educational programs. . . . . . As a vibrant professional, you are at the center of our mission.

Spotlight On CFTEA’s Board: Joe Happnie

November 20, 2020

Spotlight On CFTEA’s Board Joe Happnie MEMIC I have been on the board since February 2020. I joined the board to contribute my experience as a learning development professional to help the organization provide a more modern and engaging learning experience for financial services professionals The most rewarding part of being on the CFTEA board is the energy and passion that the other board members bring to the table really helps me generate ideas and contribute to the conversation-

Category: News