IRAs, 401(k)s, and Other Retirement Plans

Exam Questions: 60
Course Level: Basic
Pages: 366 | Content: 274, Supplemental: 92
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 8055B

This course will make sense of the different rules for taking money out of IRAs, Roth IRAs, 401(k)s, Keoghs, and other retirement plans, and show you how to minimize paying taxes and penalties when doing so. It will address tax strategies, required distributions, penalties, inherited plans, and what happens upon death or divorce. It covers the latest changes, including the new start age for required distributions, new rules for inherited plans, new life expectancy tables, and rules regarding taxation and repayment of COVID-related distributions. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00537-23-S

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Course Information

Table of Contents
  • Types of Retirement Plans
  • An Overview of Tax Rules
  • Early Distributions: Taking Your Money Out Before the Law Allows
  • Substantially Equal Periodic Payments
  • Required Distributions: Taking Money Out When You Have To
  • Required Distributions During Your Lifetime
  • Distributions to Your Beneficiary If You Die Before Your Required Beginning Date
  • Distributions to Your Beneficiary If You Die After Your Required Beginning Date
  • Roth IRAs
  • Roth 401(k) Plans
  • To recall the characteristics of various qualified retirement plans
  • To identify the types of distributions from qualified plans that are taxable
  • To recognize the types of retirement account distributions that avoid the early distribution tax
  • To recall the characteristics of substantially equal periodic payments
  • To identify the age at which required distributions must commence
  • To recall which types of retirement accounts permit aggregation
  • To recognize the various methods used for distributing retirement plan benefits if the plan holder dies before their required beginning date (RBD)
  • To recall the potential drawbacks of naming an estate as a beneficiary
  • To identify the types of retirement accounts that a Roth IRA can be rolled over into
  • To recognize the characteristics of a Roth 401(k) plan

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