Introduction to IRAs

Course Number: ABA

Course Code: ABA

Explores key concepts on basic IRA product features and benefits, contribution and distribution requirements. Explains traditional, rollover, and Roth IRAs, including the new conversion rules, as well as Simplified Employee Pension Plans and SIMPLE Retirement Accounts. Presents information about IRA tax benefits and penalty calculations.

What You’ll Learn

After completing this course, students will be able to:

  • Describe the types of Individual Retirement Accounts, including contribution rules:
    • Traditional IRAs
    • Roth IRAs
    • Rollover IRAs
    • SIMPLE IRAs and SIMPLE 401(k) plans
  • Explain the IRA withdrawal requirements

Audience: All bank personnel who require a basic understanding of IRAs including experienced tellers and new accounts representatives, personal bankers, platform assistants, branch managers, trust administrators, and private bankers.

Prerequisites: N/A

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Member Price: $135.00
Non-Member Price: $185.00
Textbook Charge: $0.00

Credits: 0.75 CISP, CRSP, CSOP, CTFA

Length: Approximately 30 minutes

ABA Training