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Introduction to IRAs


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.

Updated: February 2018
Re-versioned: July 2016

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
    • Simplified employee pension plans
    • SIMPLE retirement accounts and 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.
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Course Credits

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​Questions? Please contact training@aba.com for more information.
 

 Purchase

 

Purchase for a Team
To license this course to your bank for multiple learners, please contact ABA Training.​

 

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