This course will review the following types of IRA accounts: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. This course will 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. 

Gain a solid understanding of:

• Traditional IRAs
• Roth IRAs
• SIMPLE IRAs
• SEP IRAs

Explore eligibility and contribution rules, including limits and deductibility. The course details critical topics such as rollovers, conversions, required minimum distributions, prohibited transactions, and common penalties to help you effectively manage these retirement savings vehicles and maximize their benefits.

Field of Study: Taxes