This course is also available as part of a bundle called “Ready to Retire.” You can save money by purchasing the bundle.
This course discusses the federal income tax treatment of, and limitations related to a) qualified employee plan contributions and distributions, and b) commercial annuity contracts. It examines the qualified plan limits and income taxability of:
- employer and employee contributions (including designated Roth account contributions);
- plan loans;
- life insurance contained in the plan;
- plan distributions, including distributions as periodic payments and non-periodic payments;
- required minimum distributions; and
- rollovers.
The course also examines the tax treatment of lump-sum distributions and periodic payments received under commercial annuity contracts.
Upon completion of this course, you should be able to:
- Distinguish between the types of qualified employee plans;
- Recognize the limits imposed on qualified employee plan contributions and benefits;
- List the requirements applicable to qualified employee plan loans;
- Apply the federal tax laws to qualified employee plan contributions and distributions;
- Recognize the tax treatment of nonqualified annuity distributions; and
- Identify the tax treatment of annuity contributions and distributions.
