Course Description
Course publication/revision date:This course was updated on 6/1/2015.
IRA Update examines the current rules governing traditional and Roth IRAs, Education IRAs, simplified employee pensions and SIMPLEs. With respect to traditional IRAs, the course considers the issues of eligibility, contribution limits and investment vehicles. Tax treatment of traditional IRA funds is discussed, including the treatment of contributions, accumulations, transfers and distributions. The premature distribution penalties and its exceptions are addressed. Roth IRAs, are discussed, including eligibility, contribution limits and distributions. The increased limits authorized by the Economic Growth and Tax Relief Reconciliation Act of 2001 are addressed and the Age 50+ catch-up provisions are explained.
Course Information
