Paul J. Winn - Individual Retirement Accounts

Overview

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.

Learning Objectives

Upon conclusion of this course, students will 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

Designed For

Licensed life and health insurance producers; financial advisors
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