Individual retirement accounts (IRAs) are used to defer the recognition of income. In the Guide to Individual Retirement Accounts course, we discuss the various types of IRAs, caps on contributions to them, the deductibility of these contributions, required minimum distributions, and several related topics. The intent is to demonstrate how to maximize the deferral of income recognition while also minimizing the taxes and penalties associated with these accounts.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the characteristics of the different types of individual retirement accounts.
Specify the criteria under which distributions can be made from individual retirement accounts.
Recall the rules for contributing assets to an individual retirement account.
Specify the allowable investment options for an individual retirement account.
Major Topics
Individual Retirement Account (IRA)
Roth IRA
Caps on IRA Contributions
Rollover options
Allowable Distributions
Taxability of IRA Interest
Inherited IRAs
Applicable Tax Forms
