IRA Income, Contribution and Deductibility

Comprehensive Guide to Individual Retirement Accounts: Income, Contributions, and Deductibility

Are you looking to master the ins and outs of Individual Retirement Accounts (IRAs)? Whether you’re planning for retirement, advising clients, or simply exploring tax-advantaged savings options, this course is your ultimate guide to understanding IRAs in depth.

What You’ll Learn

• Income from IRAs: Understand how distributions are taxed and how they can impact your financial planning.
• Contributions: Learn contribution limits, eligibility criteria, and how to maximize your savings potential.
• Deductibility of Contributions: Discover when contributions are tax-deductible and how to benefit from them.
• Types of IRAs: Explore Traditional and Roth IRAs, their benefits, and their differences.
• Subcategories of Traditional IRAs: Gain clarity on deductible and non-deductible Traditional IRAs.
• IRA Rollovers: Navigate the rules for transferring funds between retirement accounts.
• Minimum Required Distributions (RMDs): Learn about mandatory withdrawals and their implications.

Course Highlights

This course provides a detailed breakdown of IRAs, covering topics critical for personal financial planning and tax optimization. Each module is crafted to deliver actionable insights through engaging video lectures, practical illustrations, and real-life scenarios.

• Video 1: Overview of IRAs, including types, contributions, and RMDs.
• Video 2: Deep dive into Traditional IRAs and their subcategories.
• Video 3: Comprehensive understanding of Roth IRAs with phase-out limits and practical examples.
• Video 4: Overview of SIMPLE, SEP, and other small business retirement plans.
• Video 5: Step-by-step guide on IRA rollovers and conversions.
• Video 6: Detailed explanation of RMDs for different IRA types.
• Video 7: Practice questions to reinforce your knowledge.

Why Enroll?

This course is perfect for individuals, financial advisors, and small business owners seeking clarity on retirement planning tools. By the end of this course, you’ll have a solid understanding of IRAs and be equipped to make informed financial decisions.