This course reviews the following types of IRA accounts:
- Traditional IRAs,
- Roth IRAs,
- SIMPLE IRAs and
- SEP IRAs.
This course also describes 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.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- 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.
- Calculate the amount of a partial deduction to an IRA account.
- Identify when a taxpayer must start receiving distribution from an IRA account.
- Calculate the number 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: Oct 07, 2026
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Andrew Clark
Instructor
INTRODUCTION AND OVERVIEW
- Introduction and Learning Objectives 2:04
- Lesson 1 - Overview of Traditional IRAs and Retirement Planning 20:02
- Lesson 2 - IRA Contributions and Limits 35:58
- Lesson 3 - Rollovers 18:20
- Lesson 4 - Transfers, Recharacterizations, and Distributions 20:04
- Lesson 5 - Penalties 12:14
- Lesson 6 - Overview of Roth IRAs 17:50
- Lesson 7 - Rollovers and Recharacterizations 7:42
- Lesson 8 - SIMPLE Plans and SEPs 27:10
CONTINUOUS PLAY
SUPPORTING MATERIAL
REVIEW & TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM locked
