Course Information

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Paul J Winn - Individual Retirement Accounts

Overview

Individual retirement accounts (IRAs) were created in 1974 by ERISA to provide tax-advantaged retirement savings for those without employer pensions. This course covers traditional IRAs, Roth IRAs, simplified employee pensions, and SIMPLE IRAs, focusing on eligibility, funding, contributions, and withdrawal rules. It also examines Coverdell Education Accounts for tax-advantaged education funding.

Find this course for your license

License or Certification

Regulator

Learning Objectives

describe the different forms of IRAs
explain how traditional IRAs and Roth IRAs can be used to help individuals fund their future retirement needs
recite the basics of SEPs and SIMPLE IRAs
outline for clients the IRA, SEP, and SIMPLE IRA contribution requirements and funding options
describe the elements of Coverdell education savings accounts and how these plans can be used for funding educational expenses

Designed For:

Life and health insurance producers and finance professionals

Course Information

Adding additional credit may change exam requirements.

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