Business Retirement Plans

Description

This course was designed to provide continuing education for Financial Professionals in the area of small business retirement plans with special attention to the wide variety of qualified plans as well as discussion and education on key areas that all are part of the retirement funding landscape. It educates, informs, reminds through examination of Payroll Deduction IRAs, Simple IRAs, SEP IRAs, 401(k)s, 403(b)s, Profit Sharing, and Defined Benefit plans available in the marketplace. It also highlights distribution opportunities and tax consequences for withdrawals that are a fundamental component of qualified retirement accumulation programs. Your course is comprised of several sections with abundant pages of specialized text along with additional charts, graphs, and other visual tools for enhancing the value of the information as well as to improve recall beyond the course. It has been constructed to provide the newest professional as well as the veteran pro with a format for gaining new insight into and recall for this critical area for Americans as well as current info and regulations pertinent to this area of expertise. It informs students about practical and useful realities in the Small Business Retirement Plan environment, taxation and distribution issues, and the various economics that relate to providing for future retirement accumulation needs. It increases student’s specific knowledge about Payroll Deduction IRAs, Simple IRAs, SEP IRAs, 401(k)s, 403(b)s, Profit Sharing, and Defined Benefit plans as they relate to accumulating a future retirement “nest egg” through plans offered by employers. Course objectives are also focused on increases in student’s overall competency in Small Business Retirement Plans. It clarifies the fundamental differences between plan alternatives, explores specialized areas of a variety of approaches, and provides a basis for financial analysis between alternatives.

Learning Objectives

♣ Gain increased awareness and be reminded of key retirement fundamentals. ♣ Learn about key basics of time, compounding, and effects of taxation on money. ♣ Gain increased awareness of advantages of saving for retirement at the workplace. ♣ Learn about the basic categories and characteristics of business retirement plans. ♣ Gain insight into key features and benefits of payroll deduction retirement ♣ Be able to differentiate between payroll deduct Traditional IRA and Roth IRA plans. ♣ Gain increased knowledge and awareness of key attribute of all 401(k) retirement plans ♣ Discover how the unique “carve outs” that are Roth and “Solo” 401(k) work. ♣ Understand what SIMPLE IRAs are and how they work. ♣ Discover what the “Extra Credits” are and how they help some to maximize contributions ♣ Understand what SEP IRAs are, what’s unique, and how they work. ♣ Know key attributes about SEPs “with” and “without” employees involved. ♣ Understand what 403(b) plans are and how they work. ♣ Know how to identify those eligible and how they can maximize contributions. ♣ Understand what Profit Sharing and Defined benefit plans are and how they work. ♣ Know how the PBGC relates to defined contribution plans and protects consumers. ♣ Know how taxation during growth and at distribution phases affects consumers. ♣ Understand MRDs and the exceptions relative to the early withdrawal penalties.