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OnDemand Course

Introduction to Individual Retirement Accounts(IRAs): Types and Contribution Rules

Explore key concepts on basic IRA product features and benefits, contribution and distribution requirements.

With retirement assets making up such a large portion of many clients' estates, paying retirement assets to trusts is becoming more and more prevalent. But a trust should not be named beneficiary of a retirement account without first carefully considering the provisions of the trust and the requirements necessary to obtain designated beneficiary status. The critical aspects of naming a trust as beneficiary of a retirement account and the ways to avoid some of the most common mistakes will be covered.

Runtime: 88 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Types of IRAs

Contributions

  • Contribution Limits
  • Spousal IRA
  • Income Limitations
  • Deadline

Income Taxation

  • Withholding
  • Taxation of Distributions
  • Early Distribution Tax

Required Minimum Distributions

Roth IRAs

  • Holding Period
  • Qualified Distributions

Bankruptcy and Investments

  • Bankruptcy Protection
  • Investments
    • Prohibited Investments
    • Prohibited Transactions
    • UBTI
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 18, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Michelle L. Ward, J.D., LL.M.

Michelle L. Ward, J.D., LL.M.

Keebler & Associates, LLP

  • Partner with Keebler & Associates, LLP
  • Emphasis in estate planning with primary focus on retirement distribution planning
  • Co-author of Panel Publishing's Roth IRA Answer Book and Quick Reference to IRAs and AICPA's The Small Business Jobs Act of 2010: Tools, Tips, and Tactics
  • Written articles appearing in Trusts & Estates, Investments and Wealth Monitor, and Journal of Retirement Planning
  • Member of the editorial advisory board of Informa Media‚Äôs Trusts and Estates magazine and associate editor of Journal of Financial Service Professionals
  • LL.M. degree in estate planning from Western New England College of Law; J.D. degree, University of Wisconsin-Madison Law School; B.A. degree, University of Wisconsin-Madison
  • Can be contacted at [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405770
Published 2019
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Available in Multiple Formats

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