IRA & Qualified Retirement Plans
Author: David R. Peters
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Help Clients Master IRA and Retirement Plan Choices
With the increased focus on retirement planning in recent years, it is important for financial professionals to understand not only the types of plans available, but also the advantages and disadvantages of each. This class will review the wide range of qualified plans available, as well as the types of clients that would benefit most from each of them.
Publication Date: November 2018
Designed For
Any financial professional who wants to be able to speak more confidently to clients about retirement plan options.
Topics Covered
- Key differences between qualified and non-qualified plans
- When to use Traditional vs. Roth IRA's
- SEP's and SIMPLE plans
- Planning techniques for clients (including Backdoor Roth Conversions)
- Distribution Planning, including early distribution penalties & exceptions
- Key considerations for setting up a retirement plan for a company
Learning Objectives
- Recognize key differences in qualified plan types
- Identify types of clients who can benefit from different retirement plans
- Gain awareness of the retirement planning techniques available to clients
- Identify characteristics of various plans and how they apply
- Recognize which regulatory organizations oversee fiduciaries and plan investments
- Differentiate qualified vs. non-qualified plans
- Recognize the penalty percentage which applies to the taxable portion of distributions made prior to age 59 ½
- Describe Required Payment Amortization Method
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
