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Study Guide - Individual Retirement Arrangements (IRAs)

The study guide is provided to guide you through the course material in a step by step format.

Individual Retirement Arrangements is an online course that examines the taxation of individual retirement arrangements (IRAs). In so doing, it discusses traditional and Roth IRAs, addressing the federal rules concerning: contribution limits and tax treatment; tax treatment of traditional IRA distributions, including regular, early and lifetime required minimum distributions; tax treatment of qualified and nonqualified Roth IRA distributions; required distributions at death; and IRA rollovers.

Course material is an online PDF document available immediately upon purchase.

Prerequisite: None

Course level: Basic

Advanced preparation: None

Teaching method: Online study and exam

Chapter 1 - Traditional IRAs

The learning objectives for this lesson are to gain an understanding of:
 

  • The rules governing eligibility and permitted contribution levels applicable to traditional IRAs ;
  • The requirements and benefits related to a spousal IRA;
  • The rules governing the tax treatment of contributions to and distributions from a traditional IRA ; and
  • The traditional IRA distribution rules.

Chapter 2 - Roth IRAs

The learning objectives for this lesson are to gain an understanding of:
 

  • Eligibility and permitted contribution levels applicable to Roth IRAs ;
  • The tax treatment of contributions to and distributions from Roth IRAs ; and
  • Roth IRA distributions.

Study Guide - Treatment of Sickness and Injury Plans

The study guide is provided to guide you through the course material in a step by step format.

Tax Treatment of Sickness and Injury Plans is an online course that addresses the tax treatment of plans designed to provide benefits upon the sickness or injury of a taxpayer. It examines the tax treatment of contributions to, and benefits received under, health insurance, health savings accounts (HSAs), Archer medical savings accounts (MSAs), health reimbursement arrangements (HRAs), disability insurance and long-term care insurance

Course material is an online PDF document available immediately upon purchase.

Prerequisite: None

Course level: Basic

Advanced preparation: None

Teaching method: Online study and exam

Chapter 1 - Life Insurance Death Benefits

The learning objectives for this lesson are to gain an understanding of:

  • the nature of life insurance
  • taxation of life insurance policy death benefit proceeds
  • income taxablity of viatical settlement proceeds
  • taxability of accelerated death benefits
  • death benefits received under settlement options

Chapter 2 - Life Insurance Policy Living Proceeds

The learning objectives for this lesson are to gain an understanding of:

  • the definition of life insurance impacts tax-deferred accumuliation
  • taxation of living proceeds of life insurance policies
  • tax-free exchanges under IRC 1035
  • treatment of life settlement proceeds

Study Guide - Long Term Care Fundamentals

The study guide is provided to guide you through the course material in a step by step format.

The risk of needing long term care—a designation given to a broad range of services designed to meet an individual’s mental, emotional or physical health and personal needs and which are often provided over an extended period of time—is present at all ages. However, as individuals become older the risk of requiring long term care increases significantly.

The U.S. population is expected to increase in size by about 27% by the year 2050. In contrast, the part of the U.S. population most at risk for needing long term care—the segment comprised of individuals 85 years old or older—is expected to grow about 280% during this same period. Not only is the part of the population most at risk for needing long term care growing disproportionately, the cost to provide that care is also increasing. Long term care costs are substantial and, over the last several years, have been increasing at a rate that exceeds the inflation rate.

The growing risk of needing long term care fueled by a rapidly aging population coupled with the high and continually increasing cost of such care can present burdensome financial concerns to many clients and their heirs. This course examines the nature of long term care, the forms in which it may be delivered, the risk of needing such care, the costs of long term care, the sources available to pay long term care costs and the features of long term care insurance.   

Course material is an online PDF document available immediately upon purchase.

Prerequisite: None

Course level: Basic

Advanced preparation: None

Teaching method: Online study and exam

Chapter 1 - The Nature of Long Term Care

The learning objectives for this lesson are to gain an understanding of:

  • the definition of long term care
  • typical conditions requireing long term care
  • types of tlong term care
  • settings in which long term care is provided
  • likelihood of requiring long term care
  • social and demographic factors affecting long term care

Chapter 2 - Long Term Care Costs

The learning objectives for this lesson are to gain an understanding of:

  • nursing home costs
  • assisted living facility costs
  • community-based professional care costs
  • populiation trends affecting long term care
  • long term care cost to payers

Chapter 3 - Long Term Care Insurance

The learning objectives for this lesson are to gain an understanding of:

  • long term care insurance approaches
  • benefit triggers
  • basic long term care insurance policy provisions
  • tax treatment of long term care insurance
  • alternatives for paying long term care costs

Chapter 4 - Suitability and Ethical Issues

The learning objectives for this lesson are to gain an understanding of:

  • suitability
  • ethical issues

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