Study Guide-Tax Treatment of Retirement Plans, Pensions & Annuities

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

Course material is a PDF document.

Chapter 1

Assignment: Chapter 1 Review Questions  Group #1: # 1-5

When you have completed this chapter, you should be able to:

• Describe the types and characteristics of qualified employee plans;
• Explain the limits imposed on qualified employee plan contributions and benefits;
• Describe the requirements applicable to qualified employee plan loans; and
• Explain the rules governing rollovers to and from qualified employee plans.
• Describe the requirements applicable to qualified employee plan loans and their tax treatment;
• Apply the federal tax laws to qualified employee plan contributions and distributions;
• List the principal types of annuities and their characteristics; and
• Describe how annuity contributions and distributions are taxed.

Chapter 2

Assignment: Chapter 2 Review Questions Group #2: #1-5

Upon completion of this chapter, you should be able to:

• Describe the tax treatment of loans from qualified plans; and
• Apply the federal tax laws to qualified employee plan contributions and distributions.
• List the principal types of annuities and their characteristics; and
• Describe how annuity contributions and distributions are taxed.

Chapter 3

Assignment: Chapter 3 Review Questions Group #3: #1-5

Upon completion of this chapter, you should be able to:

• List the principal types of annuities;
• Describe the principal characteristics of deferred and immediate annuities; and
• Explain the tax treatment of annuity contributions, distributions taken as an annuity, surrenders, loans and withdrawals.