Instructor for this course
more

This course reviews the following types of IRA accounts: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. This course also describe who is allowed to open and contribute to an IRA account during the taxable year as well as when taxpayers are permitted to take distributions from an IRA account.

Learning Objectives

  • Identify the requirements for serving as a trustee for an IRA account.
  • Recognize the requirements for opening a traditional IRA account.
  • Recognize the maximum contribution that can be made by a taxpayer to an IRA account.
  • Discover and calculate the amount of a partial deduction to an IRA account.
  • Identify when a taxpayer must start receiving distribution from an IRA account.
  • Discover and calculate the amount of minimum distributions from an IRA account.
  • Recognize prohibited transactions for an IRA account.
  • Recognize the maximum contribution that can be made by a taxpayer to a Roth IRA account.
Last updated/reviewed: September 07, 2022

26 Reviews (91 ratings)Reviews

3
Anonymous Author
The course provides lots of information and could have been more effective if the examples and additional information given by the instructor are also provided on screen/slides. It was a bit frustrating and challenging to follow when the instructor provides lots of useful information which are not included in the slides and you can't go back for reference to better understand the materials.
4
Anonymous Author
This course covers a lot of information. I think it could have been organized more effectively to cover all of a situation in one place. I felt at times the answer was in a different section than I expected.
5
Member's Profile
Thorough discussion on IRA's, ROTH's, SIMPLEs, SEPS and even SAR-SEPS. What would have improved the course would have been having it geared to 2021 and not 2020.
4
Member's Profile
Lots of information in this one. I wonder if it could even be broken up to cover the different retirement options to allow the learner to focus on certain ones.
3
Member's Profile
It would be helpful to show slides when the instructor is giving an example. It is a bit challenging trying to follow when there is no visual.
5
Anonymous Author
This instructor organizes the material really well. Dry topic but I prefer these in-depth ones. Best comprehensive instruction in my opinion.
3
Member's Profile
Course was great. Nice to have examples, but the examples are not displayed on the slides so they are of limited use and hard to follow.
4
Anonymous Author
Thorough course. As others have said in their reviews, it's a lot of information and could be divided into separate courses.
4
Anonymous Author
This is a good course if you want to determine various options when looking into retirement accounts and ROTH IRAs.
4
Anonymous Author
This is a fine basic overview of IRA's, but it needs to be updated. For example, the 70.5 RMD rule is now 72.
5
Member's Profile
very informative, will come back to this for references. Would like for it to be updated for 2019 year though.
4
Anonymous Author
The handout materials are 109 pages, but could be improved if more graphics and flowcharts were utilized.
4
Member's Profile
Course material need to be in one file. Otherwise it was a clear presentation of the required facts.
4
Member's Profile
great course, thank you for the detail. would have loved to see a more comprehensive study guide.
5
Member's Profile
Good overview especially for individuals new to the industry. Goes into good relevant strategies.
4
Anonymous Author
Great overview of the topic. Tough to do since it is such a large subject with a lot of minutia.
4
Anonymous Author
The course was good but it would be nice to have a PDF with more detail than a glossary/index.
4
Anonymous Author
Good detail and overview of these topics. Definitely a lot of info packed into this course!
4
Member's Profile
Well presented in-depth analysis of all things retirement. Clear and understandable.
3
Anonymous Author
Informative, but the presenter just reads from the slides. Could be more engaging.
3
Member's Profile
Totally cool IRA tips and tricks. Take this course to win the day. You can do it!
5
Anonymous Author
Great course and very helpful regarding a topic that has always confused me
5
Anonymous Author
It would be beneficial to release the wrong answers for the final exam.
3
Member's Profile
Information and questions are in relation to 2018 IRS regs and filings
4
Anonymous Author
Would have liked to seen examples rather than just hear about them.
4
Member's Profile
It was a very factual course and presented straight forward.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  19:06Retirement Planning and IRAs
  33:40IRA Contributions and Limits
  17:14Rollovers
  18:02Transfers, Recharacterizations, and Distributions
  11:32Penalties
  14:52Overview of Roth IRAs
  8:20Rollovers and Recharacterizations
  27:12SIMPLE Plans and SEPs
CONTINUOUS PLAY
  2:32:06Individual Retirement Accounts 2020
SUPPORTING MATERIALS
  PDFSlides: 2022 Individual Retirement Accounts
  PDF2022 Individual Retirement Accounts Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM