The Advisors Guide to IRAs


Course Description

In 1974, Congress enacted the Employee Retirement Income Security Act (ERISA). The purpose of the Act was to protect and enhance Americans' retirement security by establishing comprehensive standards for employee benefit plans. The Act also created the Individual Retirement Arrangement, or IRA.

The purpose of this course is to provide a thorough orientation of all types of Individual Retirement Accounts; traditional IRAs, Roth IRAs, SIMPLE IRAs, and simplified employee pension plans. It offers an in-depth review of IRA Rollovers rules, distribution planning (both during a participant's life and after death), premature distributions, required minimum distributions (RMDs). The course concludes with a discussion of estate planning using retirement assets and Coverdell Education Savings Accounts.

Learning Objectives

Upon completion of this course, you will be able to:

  • Explain the features and benefits of a traditional IRA and a Roth IRA
  • Apply the rules for eligibility, contributions, rollovers, and conversions for traditional and Roth IRAs
  • Define rules for employer sponsored retirement plans: SEP IRAs and SIMPLE IRAs
  • Describe the differences between an IRA rollover and transfer (trustee-to-trustee) and the tax rules defining one-per year rollovers
  • List the IRA rollover rules as described in FINRA Rule 13-45
  • Present the IRA distribution rules during the participants life and after participants death
  • Identify new RMD rules after the SECURE Act
Price:  $29.95
Updated:  April 2020
CFP Credit
Credit Hours: 10
Credit Type: General Financial Planning Principles
Provider: Broker Educational Sales & Training, Inc.
Provider #: 2155
Study Level: Advanced
Exam Details
Monitored: No
Questions: 100
Passing Score: 70%
Retakes: Unlimited