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.
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.
- 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
0.75 CISP, CRSP, CSOP, CTFA
The New York Bankers Association is a Local ABA Training Provider.
NYBA Professional Development at (212) 297-1679