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SRI 121 — Retirement Savings and Investments

Course Type: Highly Interactive Online Course, Designation
Topics: Retirement & Annuities
Designations: ASRI, FSRI, FSRI Level I
Language: English


This online interactive course is designed to familiarize students with various retail and institutional financial products used to save and invest for retirement, as well as the tax implications of those products.

After completing this course, learners will be able to;

  • Differentiate between the various types of annuities and between the various types of investments and describe how each type of annuity and investment can be used as a retirement product
  • Explain how annuities and investments are taxed under U.S. federal tax laws
  • Differentiate between an individual retirement account and an individual retirement annuity and between a traditional individual retirement arrangement (IRA) and a Roth IRA
  • Identify who can contribute to a traditional IRA and a Roth IRA and describe how contributions to and distributions from these products are treated for federal tax purposes
  • Describe the advantages and disadvantages of nonqualified annuities, investments, traditional IRAs, and Roth IRAs as retirement products
  • Identify the general rules that apply to the taxation of qualified retirement plans
  • Differentiate between a defined benefit plan and a defined contribution plan and between a pension plan and a profit sharing plan, as well as among plans within each category
  • Describe other tax-advantaged retirement plans that can be used by small businesses
  • Explain the qualification requirements of all qualified plans and of certain types of qualified plans


  • Retirement Plans: Pension, Target-Benefit, 401(k), others
    • Types/Features
    • Qualification Rules
    • Benefits, Limitations, Taxation
    • Investment options for institutional clients
  • Retail Retirement Saving and Income Arrangements: Annuities, IRAs, Small Business Plans, and Nonqualified Plans
    • Investment options under Annuities, IRAs, Mutual Funds, Other Investments
    • Types/Features
    • Taxation, Benefits, Limitations


Lesson 1: Immediate and Deferred Annuities

I. What is an Annuity?

II. Key Players in an Annuity Purchase. Describes the roles and responsibilities of

III. Immediate Annuities

A. Characteristics

B. Uses

C. Annuity Options

IV. Deferred Annuities

A. Characteristics

B. Uses

C. Ways to Access Funds

Lesson 2: Fixed and Variable Annuities

I. Traditional Fixed Annuities

A. Accumulation Period Guarantees

B. Payout Period Guarantees

C. Other Types of Fixed Annuities

i. Market-Value-Adjusted (MVA) Annuities

ii. Indexed Annuities (IAs)

iii. Deferred Income Annuities (DIAs)

iv. Longevity Annuities

II. Variable Annuities

A. Accumulated Values for Variable Annuities

B. Periodic Income Payment Amounts for Variable Annuities

C. Variable Annuity Riders

i. Death Benefit Riders

ii. Living Benefit Riders

III. Annuity Charges

IV. Advantages and Disadvantages of Annuities as Retirement Products

Lesson 3: Taxation of Nonqualified Annuities

I. Taxation of Annuity Payments

II. Surrenders and Exchanges

III. Withdrawals

IV. Penalty Taxes on Premature Distributions

V. Gift Taxes

VI. Estate Taxes


Lesson 1: Stocks and Bonds

I. Securities

II. Stocks

A. Common and Preferred Stock

B. Stock Value

C. Return on a Stock

D. How Stocks Are Bought and Sold

III. Bonds

A. Bond Interest Rates

B. Types of Bonds

C. Bond Ratings

D. Bond Value

E. Return on a Bond

F. How Bonds Are Bought and Sold

Lesson 2: Mutual Funds and Other Investments

I. Mutual Funds

A. Types of Mutual Funds

B. Mutual Fund Ratings

C. Mutual Fund Value

D. Mutual Fund Fees

E. Return on a Mutual Fund

F. How Mutual Funds Are Bought and Sold

II. Exchange Traded Funds (ETFs)

A. Types of ETFs

B. ETF Value

C. ETF Fees

D. Return on an ETF

E. How ETFs Are Bought and Sold



V. Advantages and Disadvantages of Personal Investment Products as Retirement Products

Lesson 3: Individual Retirement Arrangements

I. Forms of IRAs

II. Traditional IRAs

A. Contributions

B. Distributions

III. Roth IRAs

A. Contributions

B. Distributions

IV. Transfers of Assets

V. Benefits and Disadvantages of IRAs as Retirement Products


Lesson 1: Types of Retirement Plans

I. Introduction to Qualified Retirement Plans

II. Categories of Plans

III. Defined Benefit Plans

A. Defined Benefit Pension Plan

B. Cash Balance Pension Plan

C. Comparison of Plans

D. Requirements Unique to DB Plans

E. Advantages and Disadvantages of DB Plans

IV. Defined Contribution Plans

A. DC Pension Plans

i. Money Purchase Pension Plans

ii. Target Benefit Pension Plans

B. DC Profit Sharing Plans

i. Traditional Profit Sharing Plans

ii. Stock Bonus Plans

iii. 401(k) Plans

iv. Employee Stock Ownership Plans

C. Advantages and Disadvantages of Defined Contribution Plans

V. Other Tax-Advantaged Plans

A. Simplified Employee Pension (SEP)

B. Savings Incentive Match Plan for Employees (SIMPLE)

C. 403(b) Plans

D. 457 plans

Lesson 2: Qualification Requirements

I. Retirement Plan Regulation

II. Plan Document

III. Communications to Plan Participants

IV. Features a Qualified Plan Must Have

A. Nondiscrimination Requirements

B. Participation and Coverage Requirements

C. Vesting Requirements

V. Funding Requirements

A. Common Funding Arrangements

B. Maximum Contributions and Benefit Requirements

C. Top-Heavy Plans

VI. Plan Distributions

A. Retirement Benefits

B. Benefits at Termination of Employment

C. Death and Disability Benefits

D. Taxation of Plan Distributions

VII. Plan Administration

A. Plan Fiduciaries

B. Plan Amendments and Terminations

Course Format

LOMA’s popular online interactive courses teach important industry concepts through an engaging, highly interactive, multi-media approach that often includes integrated video, audio and scenario-based learning. Online interactive courses are designation courses with integrated exams—the modularized examinations are built right into the course as part of the learning experience. No separate exam enrollment required!

Exam Format

Integrated Exams

Online interactive courses are non-proctored designation courses—the modularized examinations are built right into the course as part of the learning experience. No separate exam enrollment required!

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