ERISA, the Employee Retirement Income Security Act, created an individual retirement arrangement (IRA) to help those without employer-sponsored retirement plans save for the future. It later added spousal IRAs and Roth IRAs, which offer tax-free qualified distributions. This course covers traditional and Roth IRAs, including eligibility, contribution limits, tax considerations, conversions, transfers, and death benefit distributions.

Learning Objectives

• Apply the rules governing eligibility for and contributions to traditional and Roth IRAs
• Identify the requirements and benefits related to a spousal IRA
• Apply the tax treatment rules concerning contributions to and distributions from traditional and Roth IRAs
• Distinguish between traditional and Roth IRA distribution rules