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Self-Study — Course Detail

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A Quick Guide to Retirement Plans
Danny Santucci
Copyright© 2010

Course: 8102153   Version 1005

NASBA Category:     Taxes     CPE Credits 4
CTEC credits: 4 Federal / California
Level: Overview  (81 pages)
Prerequisite: There are no prerequisites.
Advance Preparation: None.


Course Description
This course is essential for participants who wish to attain a comfortable retirement for themselves and their clients by maximizing tax saving strategies. Designed to improve the quality of services to clients and the profitability of engagements, this presentation integrates federal taxation with retirement planning. The emphasis is on practical simplicity in dealing with the self-employed and highly compensated individual. Distribution options from IRAs and other retirement plans are explored.

Western CPE has been approved by the California Tax Education Council to offer A Quick Guide to Retirement Plans (2071-CE-0071), which provides 4 hours of federal credit and 0 hours of state credit towards the annual “continuing education” requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.


Table of Contents

Learning Objectives
Upon successful completion of this course, participants will be able to:
    • Differentiate between qualified and nonqualified deferred compensation plans listing the tax advantages and disadvantages of each, explain the requirements of a qualified pension plan, and discuss how the basic ERISA provisions define the elements of qualified plans.
    • Compare defined contribution plans with defined benefit plans naming the five types of defined contribution plans and describing their effect on retirement benefits.
    • Discuss the elements of Roth IRAs and traditional IRAs by explaining how distributions work, how to set up the various IRAs, when tax-free rollovers can be utilized, designating beneficiaries, distributing to beneficiaries, contribution limits for various IRAs, and recharacterizations of Roth IRA contributions.




 
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