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Roth IRAs

Exam Questions: 20
Course Level: Basic
Pages: 88 | Content: 84, Supplemental: 4
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 5705L

This course describes the benefits of a Roth IRA as compared to its traditional counterpart. The course also covers contribution limits, eligibility requirements, rules for converting one type of IRA into another, and rules governing the withdrawal of funds. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00390-20-S

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Course Information

Table of Contents
  • Introduction to Individual Retirement Accounts
  • Comparing Roth and Traditional IRAs
  • Eligibility and Contribution Rules for Roth IRAs
  • Converting IRAs
  • Roth IRA Distributions
  • Roth 401(k) Plans
Objectives
  • To identify the key characteristics of traditional IRAs
  • To identify the similarities and differences between Roth and traditional IRAs
  • To recall the contribution rules for Roth IRAs
  • To recall the requirements for converting a traditional IRA to a Roth IRA
  • To identify the taxation rules of Roth IRA distributions
  • To recognize the differences between a designated Roth 401(k) account and a Roth IRA

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