Introduction to IRAs

ABA SELF-PACED ONLINE TRAINING

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.

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.

Learning Objectives:

  • Describe the types of Individual Retirement Accounts, including contributions rules
    • Traditional IRAs
    • Roth IRAs
    • Rollover IRAs
    • Simplified employee pension plans
    • SIMPLE retirement accounts and 401(k) plans
  • Explain the IRA withdrawal requirements

This course applies to the ABA Certificate in Trust: Foundational

ABA Certifications: 0.75 CISP, CRSP, CSOP, CTFA

The New York Bankers Association is a Local ABA Training Provider.

Questions:
NYBA Professional Development at (212) 297-1679 or education@nyba.com.
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Member $95
Non-Member $130


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To license this course for multiple learners, contact NYBA Professional Development.