_OH_Individual Retirement Accounts

Individual Retirement Accounts examines the fundamentals of the many and varied types of IRA plans: traditional IRAs, Roth IRAs, Coverdell Education Savings Accounts (formerly Education IRAs), simplified employee pension plans, and SIMPLE IRAs. The course explores the use and application of these plans, and explains the rules that apply to eligibility, contributions, deductions, and distributions. Examples are included throughout to illustrate these requirements. The course includes the following chapters:

  • Traditional Individual Retirement Accounts
  • Roth Individual Retirement Accounts
  • Individual Retirement Account Funding
  • Coverdell Education Savings Accounts
  • Simplified Employee Pension IRAs
  •  Simple IRAs
  • Glossary

This is an intermediate-level course. Upon conclusion, students should be able to:

  • 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

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